UK considering subsidised power plants

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Electrical discharge

Following the recent disaster in Japan the UK is reportedly considering new, subsidised nuclear power plants despite the recent disaster in Japan.

According to reports The Green Investment Bank is set to launch in 2012 with £2 Billion and enhanced by a further £1 Billion by the government as well as receiving an estimated £15 Billion from private sectors.

The purpose of The Green Investment Bank is to invest in low-carbon projects that seem uncertain for the private sector according to triplepundit.com.

It could be that the government invest more in nuclear power plants but decisions are uncertain where the money will be spent as of yet.

If funding is given to the power plants then this could have an impact on energy suppliers, hopefully bringing the cost of prices down for both consumer and business.

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