UK to step up nuclear power rollout under new energy strategy – as PM promises cheaper bills

  • Date: 07-Apr-2022
  • Source: SkyNews
  • Sector:Oil & Gas
  • Country:Gulf
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UK to step up nuclear power rollout under new energy strategy – as PM promises cheaper bills

Britain is to step up its development of nuclear power under plans to boost the country's long term energy security while delivering thousands of jobs and cheaper bills.

The government said up to eight reactors could be delivered by 2030 - accelerating the pace from one a decade to one a year - as the UK looks to move away from oil and gas and protect itself from price volatility.

Its ambition is for up to 24GW to come from the "safe, clean and reliable source of power" by 2050, about 25% of expected demand, with a fleet of smaller reactors forming a key part of the pipeline.