“The Government’s decision to proceed with a new nuclear site at Hinkley point is a positive step forward for both UK PLC and the UK’s long-term energy strategy. However, whilst the prolonged period of uncertainty has finally come to a close, it is important to point out that this new plant is not going to solve the UK’s energy problems quickly or on its own.
Hinkley Point will only produce around 7% of the UK’s electricity and, assuming it is built on time, the plant will not be ready until the mid 2020s. This means that we need to act now on the UK’s short-term security of supply issues. Nuclear energy is just one piece of the puzzle and it is critical that the UK adopts an energy strategy that utilises a mix of supply sources; from renewables to fossil-fired generation.“