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Consumers Pay For Nuclear’s £1bn Windfall via the energy collective

Consumers will end up footing the bill for the £1 billion windfall that nuclear power companies can expect to get from the government’s support for this dangerous technology.

The Carbon Price Floor system that has been proposed by the Treasury is estimated to provide £1 billion each for nuclear power developers and renewable energy development.

Yesterday, after the announcement of the Electricity Market Review in Parliament, Simon Hughes, the deputy leader of the Liberal Democrats, asked fellow-LibDem Climate Change Minister Chris Huhne whether this meant that the taxpayer will be subsidising new nuclear power stations, something which the party pledged not to do before taking office.

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