Nuclear power is "vital" to Britain

WNNnowpublic, I like this story. but it's not the financial reality

good article, but the hedge money market
is not jumping on risky nuke products UK
after going bankruptcy not so long ago

Reduce the risk of nuclear investment
January 8 2008

Nuclear power has high capital costs and low variable costs, so that its
commercial viability depends critically on the cost of capital – the rate
of return it must pay investors – and the price of electricity. Pessimists
have claimed that liberalised markets, such as the UK’s, are too risky for
new nuclear investment without special support. But is it correct that
nuclear power is a risky and financially costly choice? Nuclear power looks
risky as its product, wholesale electricity, is sold in highly volatile markets.

These price risks are set to increase for three reasons. First, if Europe is
serious about the 20 per cent renewable energy target, wind generation will need
to rise sharply – to perhaps 30-40 per cent of total electricity output by 2020
(which will require as much wind capacity as all our current generation capacity).
If so, when the wind blows there will often be more output than demand, crashing
the spot market with zero prices. At other times, prices will have to be much
higher to give an annual average price high enough to pay the full cost of other
generation. source:
Financial Times