UK Parliament / Open data

Nuclear Energy (Financing) Bill

Absolutely. That is my point. This is about utilising spare energy and then filling the reservoirs. That is much more productive than, with nuclear, putting additional electricity into the grid and then making constraint payments to wind farm developers to turn the turbines off. Those turbines could be used to much greater effect for the likes of pumped storage hydro, or generating green hydrogen.

It is clear that there are alternatives to nuclear. The Government have rightly pointed out that the existing nuclear fleet is coming to an end, but they have wrongly concluded that that means we need new nuclear. Dungeness went offline earlier this year, seven years early, because of safety concerns. Hunterston B is about to go offline, and Hinkley Point B will close next summer. Hartlepool and Heysham will follow in 2024. That means that Hinkley Point C will not even replace the lost capacity, and by 2024, 5.3 GW of nuclear capacity will have been lost to the grid.

If the grid can operate successfully without that 5.3 GW of nuclear for three or four years until Hinkley’s 3.3 GW comes on line, that in itself confirms that new nuclear power is not required. In all likelihood, Torness and Heysham 2 will not last until 2030, so all but one of the existing stations will be offline before Hinkley comes online. By not replacing the existing nuclear fleet as it comes to the end of its life, the UK Government are themselves proving that we do not need a nuclear baseload, because the grid can operate without it, unless an energy security crisis arises when all the other stations go offline. The Minister can address that later if he wants.

Although here in the Chamber it is just me saying that we do not need new nuclear, plenty of experts agree. Back in 2015, the then chief executive officer of National Grid, Steve Holliday, said:

“The idea of large power stations for baseload is outdated”.

In the 2019 World Nuclear Industry Status Report, Mycle Schneider, who was the lead author of the report, said that nuclear power

“meets no technical or operational need that low-carbon competitors cannot meet better, cheaper and faster.”

A recent study by Good Energy and the Energy System Catapult demonstrated that carbon emissions from the power sector could be eliminated as early as 2030 without the need to develop new nuclear power. Sarah Darby, associate professor of the energy programme at Oxford University’s Environmental Change Institute, has said:

“Nuclear stations are particularly unsuited to meeting peak demand: they are so expensive to build that it makes no sense to use them only for short periods of time. Even if it were easy to adjust their output flexibly—which it isn’t—there doesn’t appear to be any business case for nuclear, whether large, small, ‘advanced’ or otherwise.”

It is clear that there is not a case for new nuclear—and, as my hon. Friend the Member for Edinburgh North and Leith (Deidre Brock) pointed out earlier, we have yet to address the nuclear waste issue. It will cost £132 billion to deal with the existing nuclear waste legacy. Why do we want to create another waste legacy for future generations to deal with?

So we do not need nuclear, and we do not need this Bill. Even if we consider what it aims to achieve, the fact remains that there is market failure, given that Hitachi has walked away from Wylfa and Oldbury and Toshiba has walked away from Moorside. So there is no competition to drive down cost, and EDF and China General Nuclear are still the only show in town. As the hon. Member for Southampton, Test (Dr Whitehead) asked, while the RAB model may might bring down costs, what protections are there in the event of project overruns?

Clause 2 puts all the powers of negotiation and contract award into the hands of the Secretary of State, and allows the Secretary of State to determine what is value for money. We all know how good the Government are at direct negotiations, so how can they guarantee value for money in a transparent manner?

As I touched on earlier, we have been told for five years that Hinkley is good value for money, but now the Government have come back to the House to say that actually that is not the case and they have a new plan for how to deliver nuclear. I therefore cannot possibly support this Bill, especially as the electorate of Scotland have consistently voted to elect a Government on a “no new nuclear” manifesto. Why should Scottish bill payers be forced to pay for nuclear energy that they do not want or require? This is another democratic deficit for Scotland, especially when so much of our renewable energy is not being supported at the moment and we are stuck with the highest grid charges in Europe. It really is time that Scotland had control of its own energy decisions, but in the meantime I will be proud and pleased to vote against this Bill.

5.10 pm

Type
Proceeding contribution
Reference
702 cc993-4 
Session
2021-22
Chamber / Committee
House of Commons chamber
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