Summary
A report found that the UK is the most expensive place in the world to build nuclear power plants due to complex regulations. The report suggests simplifying these rules could save money and improve the industry. The UK plans to increase its nuclear power to meet future energy needs and environmental goals.
Key Facts
- The UK is identified as the most expensive country for nuclear power plant construction.
- A government-commissioned report calls for simplified nuclear industry regulations.
- Current regulations are seen as overly complicated, leading to increased costs.
- Simplifying rules could potentially save the UK "tens of billions" of pounds.
- The report describes the current regulatory system as fragmented and risk-averse.
- The UK government aims to expand nuclear power to meet energy and environmental targets.
- Britain's existing nuclear plants account for 15% of its electricity as of 2024.
- New nuclear projects, such as Hinkley Point C and Sizewell C, are underway but years from completion.
