“While nuclear power stations play a role in the UK’s energy mix now and potentially in the future, it’s important to remember there are alternatives that the UK should be investing in. The UK needs a mix of technologies that offer flexibility, security of supply and carbon reduction while stacking up commercially. We are fast approaching a time when the technology and costs associated with renewable energy combined with storage are becoming viable alternatives to large-scale power plants. A stable energy policy that actively encourages this diversification is called for.
“Toshiba’s announcement isn’t particularly surprising, considering the uncertainty that’s been created through Brexit and the big question mark over the commercial viability of nuclear energy.
“Above all, the UK’s energy sector needs a sound strategy, a clear vision for the future and strong investment. Businesses have repeatedly told us that they want a long-term policy framework that would not only deliver infrastructure investment to alleviate security of supply concerns but would also enable them to plan ahead, from procurement strategy to budgets for energy reduction projects and beyond.
“It is essential for a strong energy plan – involving a mix of technologies – to be put in place before Toshiba’s nuclear plant in Cumbria is revisited.”