Britain's Nuclear Power Stations Face New Scrutiny Following Japanese Nuclear Plant Failures

Brexit: What will be the impact on energy and bills?

A vote to leave the EU – if it triggers a fall in the value of the pound – could add billions to the cost of fuel in the UK, according to a new analysis of what Brexit could mean for the cost of energy.

The analysis also found that the UK could legally cut VAT on fuel from within the European single market (the Norway option) at a cost of around £1.6bn.

It comes as one of the UK’s largest unions warns that bills will rise if we leave the EU. 

Hinkley: Areva admits defective parts may be found in nuclear plants around the worl

Nuclear power plants around the world may be using the same faulty parts that have caused problems at the troubled reactor at Flamanville, France.

Areva’s new owner, EDF, which is leading the Hinkley point C project is also locked in a damaging row with President Hollande’s government after the socialist leader promised to close the ageing Fessenheim nuclear power station in Alsace, eastern France.

The debt-ridden EDF is demanding at least €2 billion in compensation for shutting the plant. Ségolène Royal, the energy minister, has offered €100 million.

The ongoing strife has led Tim Yeo, a former chair of the UK energy select committee to argue for a Plan B should the beleaguered project to build a new reactor in Somerset not go ahead (The Guardian).

It’s fair to say Brexit probably wouldn’t help matters, so it’s no surprise that EDF chief exec Vincent de Rivaz has written to staff urging them to vote Remain.

Oil: Shell goes for cost-cutting and shale

Having turned round its North American shale business, Royal Dutch Shell (RDSa.L) is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can be applied across the company, reports Reuters. 

In other news:

Competition: Competition markets authority to publish findings on UK energy companies amidst warnings it’ll amount to nothing very much.

Carbon capture: UK firms pay £30m despite scrapping projects 

Confectionery: Mars goes 100% renewables 

Coal: Wyoming wind boom leaves coal miners stranded 

Climate: Obama calls for climate action to protect national parks 

Cars: Commission warned of car emissions cheating 5 years before VW scandal