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A NUCLEAR FUTURE? UK GOVERNMENT POLICY AND THE ROLE OF THE MARKET
Author(s) -
Newbery David
Publication year - 2010
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2010.02001.x
Subject(s) - electricity market , electricity , nuclear power , electricity generation , government (linguistics) , carbon tax , electricity retailing , business , public economics , economics , market economy , natural resource economics , power (physics) , greenhouse gas , engineering , ecology , linguistics , physics , philosophy , quantum mechanics , electrical engineering , biology
Nuclear power should be a feasible non‐carbon option in a liberalised market for electricity generation. However, if it is to be so, there needs to be a stable carbon price and a tax system which does not treat nuclear generation in a similar way to carbon‐based electricity generation. Further major reform of the electricity generating market will also be necessary.