Putin’s nuclear grip on Europe could spark another energy crisis, expert warns

However, while nuclear fuel may not run short in the event of a supply cut from Russia, Prof Dorfman warned, it could send the cost of electricity in Britain soaring too. 

Asked if the nuclear market was similar to the gas market in this regard, Prof Dorfman told Express.co.uk: “In my view, it certainly would have a significant impact on UK electricity prices because we live in a market world. Absolutely, yes.”

This could be a concern for the UK, given that Britain is planning to dramatically expand its number of nuclear power plants, a desire unveiled in the April energy strategy under former Prime Minister Boris Johnson.

It included the plan to set up new government body, Great British Nuclear, and a £120milion Future Nuclear Enabling Fund in a bid to build eight new reactors across the UK. Mr Johnson said: “We’re setting out bold plans to scale up and accelerate affordable, clean and secure energy made in Britain, for Britain – from new nuclear to offshore wind – in the decade ahead.

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Article source: https://www.express.co.uk/news/science/1698529/putin-nuclear-power-energy-uranium-gas-prices