Archive for the ‘Nuclear’ Category

Iberdrola backs subsidies freeze on Spanish renewables, and wants British nuclear

February 12, 2012 Clean Energy, Nuclear

Spain’s biggest power utility by market value says it is a sensible move for a country that has been paying too much for electricity it does not need. “What we were doing was irrational,” says  Ignacio Galán, chairman. “It makes no sense. Spain is installing the most expensive technologies in Europe instead of looking for those which are cheapest.” One analyst says they fear retrospective cuts in tariffs from government. Another says a nuclear windfall tax is what they should worry about. As for plans in Britain, Galan says: ”The area that has the most uncertainty is the area of nuclear. We still don’t know how it’s going to be properly paid – what the return will be. The decision to go ahead (in a consortium with GDF Suez) is not going to be taken until the moment the framework is clear and predictable enough, with enough remuneration for those investments.”

“End the Big 6 Energy Fix” public campaign launches.

February 10, 2012 Clean Energy, Coal, Gas, Nuclear, Oil

Caroline Lucas speaking for 100 public figures: “First, we are calling on the Government to impose a similar levy to the one it has imposed on North Sea oil companies and the big banks. Over time, such a levy could raise billions, revenues that could be ring-fenced and used to ensure that every home is insulated and highly energy-efficient – starting with the homes of the fuel-poor. This would form part of a Green New Deal and would help to create thousands of new skilled jobs. Second, to prevent energy companies from passing the cost of any levy on to customers, we want the Government to give Ofgem the power to cap prices. This could be linked to the wholesale price to make energy prices fairer. Third, we want the Government to launch a public inquiry into the Big Six energy companies.”

German power exports to France, including solar, increasing.

February 6, 2012 Clean Energy, Nuclear

Exports from Germany to France reached 4 to 5 gigawatts in the cold snap last Friday morning according to German journalist Bernward Janzing. It was not exactly a time of low consumption in Germany either at 70 gigawatts around noon on Friday. On the contrary, he reports that a spokesperson for transit grid operator Amprion told him that “photovoltaics in southern Germany is currently helping us a lot.” Solar power production has been peaking at around 10 gigawatts at noon in the dcold spell. Germany currently has around 25 gigawatts of PV installed, i.e. this capacity is peaking at around 40 percent in early February.

DECC chief scientist advocates burning nuclear waste as Mox fuel.

February 2, 2012 Nuclear

Doing so could provide enough low-carbon electricity to power the country for more than 500 years, he says. Guardian: “However, there is currently no large-scale capacity for consuming Mox fuel, and the previous Mox plant at Sellafield has been shut after being beset by operating and financial problems. In addition, Mox fuel allows only a tiny proportion of the energy in the waste to be converted into electricity.” MacKay: “You have to make a big facility to make the Mox fuel and you need to have a load of reactors that can accept the Mox fuel, and we don’t have either of those in place yet.” George Monbiot proposes the use of integral fast reactors.

Areva confirms private investigator was hired as ex boss starts legal action..

January 23, 2012 Nuclear

FT:  “A senior director at Areva, France’s state-owned nuclear champion, has confirmed that he did hire a Swiss intelligence firm to examine its disastrous €1.8bn purchase of a uranium miner but denied that it was part of a plot against Anne Lauvergeon, the company’s former chief executive.” Anne Lauvergeon has begun a legal action claiming her phones were tapped.

Ex Areva CEO says she was victim of a plot and that the state spied on her.

January 16, 2012 Nuclear

She claims the campaign began 2007, when she opposed breaking the group up: that this “bothered a certain number of private interests,” adding “it was necessary to bring me down, and for that all means were fine, including the dirtiest”.

Big 6 UK energy companies had 4 million complaints in 2011.

January 12, 2012 Coal, Gas, Nuclear

Bill mistakes and inaccurate readings caused the most anger, a Which report finds. It makes the front page of the Daily Mail.

JL blog: Energy dramas for 2012.

January 2, 2012 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

2011 was a year of growing polarisation for those of us who long for renaissance fuelled by renewables. The Germans announced targets to run their railway system entirely on renewable energy, mostly wind,and solar. Yet BP announced it will quit solar entirely to pile ever further into tar sands, unconventional gas and the rest of the carbon status quo. The IEA pronounced that the cost of energy will rise “viciously” on a global basis without clean energy. Yet the British “Big Six” opted for so much gas that the installation rate of British renewables fell steeply: this despite conventional UK energy prices soaring so steeply that fully 1 in 4 of UK households fell into fuel poverty in 2011, up from 1 in 5 in 2010.
There were so many of these stark contrasts in the theatre of energy last year.
It seems that the closer renewables advocates get to their dream, the harder the defenders of the status quo push back the other way, notwithstanding the increasingly clear economic, environmental and social downsides. They surely are teeing up some dramas for 2012.
Not to mention interesting research material for neuroscientists interested in how dysfunctional human cultures work. Its not as though Big Energy, and their cosy nexus with conventional capital, just do these things and be done with it. They lobby for their short-term perceived interests – hard, and mostly below the radar – entraining many in officialdom and politics to their ruinous causes.
To the extent that solar energy in cloudy Britain might be a tiny-corner microcosm of a much bigger picture of the potential for renewable-powered renaissance, there is a particularly interesting drama unfolding as we enter 2012. In case you missed it, the British High Court ruled on 21st December that the UK government has acted illegally in proposing a retrospective reduction in the solar feed-in tariff. The arguments for and against were summarised that night on the BBC, here (headline and 7 mins 20 secs in for the detail). The government can appeal by January 4th, risking further humiliation in its efforts to cut back a solar market just a tiny fraction the size of Germany’s. Or it can switch tack, resurrect an industry that was creating thousands of jobs – at net economic benefit to the UK economy – in a time of dire need for such, while realigning with some its core strategic themes, not least a Big Society countering austerity-related unemployment with a domestic green industrial revolution. This will be a choice to watch as the dramas in the triple crunch of financial crisis, climate crisis, and energy crisis roll on in 2012.

Rebuilding the UK’s energy system by 2050: costs about the same for clean or conventional energy, DECC says.

December 28, 2011 Clean Energy, Coal, Gas, Nuclear

Every person in Britain will need to pay about £5,000 a year between now and 2050 on rebuilding and using the nation’s entire energy system, new DECC figures suggest. The cost of developing clean and sustainable electricity, heating and transport will be very similar to replacing today’s conventional power stations. The forecasts come from a unique open-source analysis package, called the 2050 pathways calculator, created by Professor David MacKay, DECC chief scientific adviser. Guardian: “However, the cost of the “do nothing” option does not include the damage to the economy expected as a result of climate change, and the calculator notes that, according to the landmark Stern review: “This is the equivalent of up to £6,500 per person per year on average, on top of the cost of the energy system”.”

Japan succeeds in bringing Fukushima to cold shutdown.

December 16, 2011 Nuclear

Radiation leaks from the three reactor meltdowns have forced more than 100,000 people to abandon homes  and polluted some 3 per cent of Japan’s land mass to levels requiring decontamination.

DECC passed nuclear intelligence documents to industry, documents show.

December 5, 2011 Nuclear

Badly-redacted documents obtained under the Freedom of Information Act show that DECC passed sensitive documents on government policy to the Nuclear Industries Association. They also passed Greenpeace’s court documents (from the case against HMG) to the lobby group. in which EDF features prominently among 260 member companies.

UK new nuclear plans slip yet again: 2019 now, maybe.

December 2, 2011 Nuclear

As the Telegraph puts it: “The first of the new plants will not be built until 2019 because of extra safety checks following Japan’s atomic disaster. Ministers originally hoped to get the first nuclear power station built by 2017, before revising this to 2018. Now there has been a further slippage, after an updated timetable showed the first station in Somerset is not expected until nearer the end of the decade.”

Big Energy firms accused of profiteering, again.

December 2, 2011 Gas, Nuclear

New analysis for the Guardian by Manchester University shows a progressive widening between wholesale and retail prices.

Review article on solar FiTs: success in Germany versus threat from nuclear lobby in Japan.

December 1, 2011 Clean Energy, Nuclear

Japanfocus.org: “Last year, according to figures from Bloomberg New Energy Finance (link), investment in new generation capacity from renewable energy sources (excluding hydro) totaled USD 187 billion, outpacing the USD 157 billion new investment in natural gas, oil, and coal-fired generating capacity.
….The FIT cost the Germans EURO 3.2 billion in 2008, but the German Federal Ministry for the Environment calculates that the FIT saved Germany EURO 7.8 billion in fossil and nuclear fuels and the public health and other external costs from carbon emissions, air and water pollution, and the like by EURO 9.2 billion. …. it has worked far above expectations in Germany for the past 10 years. Germany set a 2010 target of 12.5 percent share of renewable energy in electric generation in 2000. They surpassed that goal in late 2007 with 15.1 percent share. …. since the German’s have launched their FIT program, approximately 35 to 40 counties have followed suit and implemented their own.
…. Japan introduced a FIT in November of 2009… This FIT is encouraging a rapidly expanding volume of renewables investment inside Japan from co-ops and farmers, households and local communities through to such heavyweights as Softbank, NTT, and Marubeni as well as overseas giants including Germany’s Siemens and China’s number 2 PV producer JA Solar. …. The real risk in Japan is that prices will be set too low so that little deployment is encouraged. This would blunt the incentives of the world’s third-largest economy to lead the energy transition, at the same time driving down its own power costs and externalities as well as those for billions elsewhere, especially in Asia and Africa. This risk is due to the nuclear village having managed to get its people named to the committee that is to set prices. As Japan’s Institute for Sustainable Energy Policies (ISEP) warns in a November 24 press release, these individuals include Shindo Kosei, Executive VP of Nippon Steel and head of Keidanren’s Global Environment Division. ….This ongoing fight over structuring the FIT is part of the larger fight between renewables and nuclear as the pillar of Japan’s power economy, a fight the November 18 New York Times understands to be a “contest over the future of Japan itself”.”

More than a quarter of UK households are in fuel poverty after Big 6 energy price rises.

December 1, 2011 Gas, Nuclear
With households spending 10% or more of income on home heat and electricity up from nearly one in five households last year to one in four now (4.1 million), the government looks set to miss its statutory obligation to eliminate fuel poverty by 2016. It now looks certain to fail to meet its legal duty. And these estimates were calculated before the huge prices rises announced last summer by the Big 6. New calculations, provided by Consumer Focus and seen by the Guardian, based on actual bills, show the figure for England alone is now over 5 million households. In the summer price hikes the biggest supplier, British Gas, put its gas and electricity prices up by 18% and 16%, meaning an average annual dual-fuel bill for its 9m customers has risen from £1,096 to £1,288. Price rises have averaged 21% since last year. Over the past five years, average prices have gone up 88%. Some 2.5m people are already in debt to their energy supplier. “Excess” winter deaths are already running at 27,000 a year.

UK government announces it needs a new Mox plant at Sellafield.

December 1, 2011 Nuclear

As the Guardian puts it: “The government has astonished the anti-nuclear lobby by outlining plans to spend £3bn of public money building a new mixed-oxide fuel (Mox) plant – months after announcing the closure of a similar facility that lost taxpayers hundreds of millions of pounds.”

“India should claim full nuclear liability from suppliers”.

November 20, 2011 Clean Energy, Commentaries, Nuclear

So I say in the Times of India. This way, no investor will back nuclear, and India can “catch up and shine” in clean energy, which is preferable, and the imperative if India wants to avoid the economic devastation of climate change.

EDF searches for partners beyond Areva.

November 15, 2011 Nuclear

Henri Proglio, CEO of EDF, tells the FT: “For sure, Areva; but [also] Rolls Royce in Great Britain, Rosatom, in Russia or the Russian area, Chinese companies. We need international industrial partnerships that fit with the future of nuclear, and not just a French flag proposal.” Ed Crooks observes that “EDF’s huge commitments at home and in the UK may curb its international ambitions. If Mr Proglio gets his way, though, the Areva relationship may become strained once more.”

Nuclear power, at a crossroads, cannot afford another accident.

November 15, 2011 Nuclear

So writes Sylvia Pfeifer in the FT. More than 500 reactors planned or proposed, a market worth thousands of billions of dollars, are at risk from the Fukushima fallout, the dire progress in Finland, and the collapse in public trust.

Uncertainty will remain about China’s nuclear policy until next spring.

November 15, 2011 Nuclear
China suspension of approvals for new nuclear plants, announced less than a week after Fukushima, is still in place and a sweeping review of laws and regulations underway. Twenty-seven reactors are under construction in China today, more than 40 per cent of the global total, and about 10 more were on track  before the suspension. The new rules may be completed by next spring, the FT reports.

Nuclear protests in India upset government expansion plans.

November 15, 2011 Nuclear

Protests at a plant nearing completion at Kudankulum in Tamil Nadu have come as a shock to the government, the FT reports. They plan 32 GW of new nuclear by 2020. Other protests lead analysts to predict a rocky future for the industry in India.

  • My most recent commentaries

    • Comment on HMG’s decision to take their illegal FiT plan to the Supreme Court.

      Jeremy Leggett: “We have been expecting this but we hoped that Ed Davey would see sense and not take the appeal. If we are lucky this is just a cynical exercise to limit the market to 3rd March and they will withdraw in a few weeks. If not, and they really are serious about a Supreme Court appeal, then the implications for the renewables industry are deeply worrying. Two weeks ago, Ministers reassured the industry that they wanted to see 4 million solar homes in the UK by 2020. This appeal completely undermines that claim. They need to stop rewriting the scheme, end the constant stop-start and provide long-term stability and meaningful returns for investors and customers and give certainty to the 30,000+ employees of this successful industry – one of the few that is actively creating jobs in this country. If the appeal is successful it will allow Government to change feed-in tariffs whenever it chooses, even for projects that are already installed and supposedly guaranteed the feed-in tariff. At a stroke, this would undermine investment in all UK renewables, not just PV, and show investors that the UK government simply cannot be trusted. Fortunately their arguments are weak. They are the same ones unanimously rejected by the Court of Appeal so I wouldn’t give them much chance of success. Sadly, this appeal has the whiff of farce about it. First they try to woo private capital into infrastructure; then they mismanage it; now they go to the Supreme Court to argue for sovereign default to cover their tracks. I just hope the new Secretary of State actually understands what his lawyers are doing.”

    • Climate change should mean a 100% renewables by 2030 target.

      Interview at the Oxford Climate Forum, in Oxford university student magazine, Cherwell: “There are people who are worried about peak oil who aren’t worried about climate change. And vice versa. I’m worried about both. With both of them, at a minimum it’s about wrecking the global economy. A lot more in the case of climate change. These are high stakes issues. And both are high risk. In fact, climate change isn’t just high risk. It’s odds on certainty.” More.

    • UK government loses appeal on illegality of DECC’s solar feed-in tariff cuts.

      Three more judges rule, in the Appeal Court that the government’s proposal to cut tariffs from 12 December was illegal. Business Green: “Jeremy Leggett, chairman of Solarcentury, said the news was a positive outcome for the entire renewable energy industry: “Today we have reminded government that it will be held to account when it acts illegally and tries to push through unlawful policy changes. We would much prefer not to have taken this path but ministers gave us no choice. Our hope now is that we can work together again to restore the thriving jobs-rich solar sector that has been so badly undermined by government actions since October”.”

    • “The carbon bubble will burst – we must be prepared this time”.

      Business Green: “This is really important. No matter where you stand in the green debate, the threat posed by the systemic over valuation of carbon intensive firms and assets is a critical issue that should concern you – really, really concern you.” …. That is the warning currently being sounded by the recently launched Carbon Tracker Initiative, which last week released its second report on the scale of the so-called “carbon bubble” and wrote to Bank of England Governor Mervyn King urging him to take action. The two reports from the group – which is backed by some high profile green thinkers and investors, including the WWF, Solarcentury chairman Jeremy Leggett, former chief scientist Sir David King, and Conservative MP Zac Goldsmith – should be required reading for political leaders, business leaders, and economists everywhere. If there was any sense of proportion, it would be at the top of the agenda at this week’s annual billionaire schmooze-fest at the World Economic Forum in Davos.”

    • Investors ask BoE to probe risk that fossil-fuel reserves pose “sub-prime” risk.

      Fossil fuel reserves listed in the City of London are “sub-prime” assets posing a systemic risk to economic stability. So warns a high-profile coalition of investors, politicians and scientists , writing an open letter to Sir Mervyn King asking him to launch an investigation. Signatories include Aviva Investors, Climate Change Capital, Conservative politician Zac Goldsmith and Solarcentury chairman Jeremy Leggett. Abatement policies could mean billions of pounds of fossil fuel reserves will rapidly lose value and cause a “major problem” for institutional investors and pension funds. Guardian: “CarbonTracker’s latest report reveals that coal reserves held by 16 London-listed companies will release 45bn tonnes of CO2 when burned, equivalent to 86 years of annual UK emissions, which are the tenth highest in the world. Most of the coal is in other countries such as Australia and South Africa.”

    • Richard Branson: “the absolute necessity” of investing in renewables.

      Richard Branson, in posting my latest blog on his website: “Struck by this email from my friend Dr Jeremy Leggett over Christmas highlighting the growing divide between those that believe in the absolute necessity of investing in renewable fuels and those who ignore the obvious need – preferring to focus on short term goals and profits. I believe we must keep investing in alternative fuels to help reduce our Global carbon problem. Those fearing that economic growth will be stifled by investment in renewables are wrong.” etc.

    • High Court rules UK government has acted illegally of solar feed-in tariff target date.

      My message to BBC Radio’s The World Tonight: let us turn this humiliation for HMG into something positive and get back to where we were: creating jobs the nation needs in these hard times. And to Business Green: “We encourage the Secretary of State to accept the judge’s very clear ruling, to not plunge the industry into a further period of uncertainty by considering going to appeal, and to conduct the remainder of the current consultation process properly with constructive conversations with the industry.”

    • Big 6 pressure on UK government led to UK solar feed-in tariff ambush.

      My view in the Huffington Post: “There are only two possibilities, given the absence of a credible savings narrative and the seemingly lethal intent of the six week warning and the market-shrivelling energy-efficiency pre-qualification. One is breathtaking collective incompetence. The other is conspiracy.
      The answer is conspiracy. So I have been told in recent weeks by insiders in Whitehall, Westminster, and in the relevant parts of the energy, PR, and financial industries.”

    • Countercurrents: the triple crunch we face and the barriers to renaissance.

      In an extended interview in India, I talk about the similarities between the credit crunch and the peak oil issue, and the power of renewables and why clean-energy industries are being held back.

    • “A focus on renewables would allow the Government to deliver on some of its cornerstone mantras”.

      My latest column in Sublime magazine: “The current government in Britain appears to be playing fast and loose with some fantastic renewable energy opportunities – and ones that could provide much-needed jobs. what is that about? If the British Prime Minister were being authentic, he could be leading on an impressive story right now. Those of his core mantras that involve energy, taken together in strategic harness, make for an inspiring vision. Picture the scene. His Big Society concept sees communities taking power for themselves, providing for themselves. In short, Britain could be less centralised, more community-centric, more resilient to economic shocks.”

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