<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Any other business

An energy crisis is looming – but ministers are distracted by Brexit

19 January 2019

9:00 AM

19 January 2019

9:00 AM

Transfixed as you were by Westminster chaos, did you also spot the news that Hitachi is about to cancel or suspend construction of the Wylfa nuclear power station in North Wales? The Japanese engineering giant has evidently failed to reach agreement on a guaranteed electricity price and terms for a UK government stake in the project; its decision follows that of its compatriot Toshiba, which in November pulled out of building a nuclear station at Moorside in Cumbria, largely because it disliked the Treasury’s favoured financing model that loads risk on to the contractor.

Already a subscriber? Log in

Easter flash sale:
10 issues for $1

Subscribe this Easter and get the next 10 issues of the magazine, plus website and app access, all for just $1.

  • Weekly delivery of the magazine
  • Unlimited access to spectator.com.au and app
  • Spectator Australia podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock 3 articles a month

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

Easter flash sale: 10 issues for $1

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close