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At a presentation at the Oxford Energy Futures conference on June 11th, Andy Duff, non-executive chair of RWE npower, made some controversial assertions about the future of electricity in the UK. He focused on three propositions.

a)      The UK cannot meet its carbon targets without new nuclear

b)      Electricity demand will grow at 1% less than GDP growth

c)       The UK will not have enough electricity capacity by the latter part of this decade unless UK society accepts a doubling of wholesale electricity prices, which is the minimum required to free the capital investment required to 1) meet demand and 2) decarbonise sufficiently fast.

In summary, we need nuclear and we all need to accept a substantial rise in electricity prices to pay for it.

Oxford Energy Futures greennumbers npower nuclear electricity demand