The UK’s ambitious plans to ramp up nuclear power, announced last month, may lead to a hike in household bills according to the Business Secretary.
The government announced a new UK Future Nuclear Enabling Fund (FNEF) of £120 million ($146 million) on May 13 that will help to “mature potential nuclear projects ahead of any government process to select the next nuclear projects.”
The UK’s secretary of state for Business, Energy and Industrial Strategy Kwasi Kwarteng said that “nuclear is back on the table,” according to a May 12 BBC interview.
Kwarteng was visiting north Wales, where the government has pledged to build a new station at Wylfa on Anglesey.
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