Business Intelligence

A Nuclear Future? UK Government Policy And The Role Of The Market?

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Executive Summary

UK energy policy has evolved since the 2002 Energy Review (PIU, 2002) in which Tony Blair introduced the report and noted that "securing cheap, reliable, and sustainable sources of energy has long been a major concern for governments". The new Department of Energy and Climate Change, DECC, has rephrased its objectives3 to "Ensure our energy is secure, affordable and efficient" and "Bring about a transition to a low-carbon Britain". The shift from "Cheap" to "Affordable" is significant, as meeting the low-carbon (low-C) targets will not be cheap, but should be affordable.

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