Householders should guarantee the nuclear industry a profit through their electricity bills to safeguard the future of Britain’s precarious energy supply, a senior Conservative says.
Tim Yeo, the chairman of the Commons Energy and Climate Change Committee, said that companies now needed to be sure that they would make a profit for investing in a vital new generation of nuclear power plants amid signs that they were not now willing to finance them.
His intervention came as the head of the French energy giant EDF, which is trying to drum up interest in its plan to build Britain’s first nuclear reactors for decades, said that his company would not build them unless it were handed a high enough price for the power they produced.
Centrica,