Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 03 January 2024 11:19 am  |  Updated:  Wednesday 03 January 2024 11:22 am

UK nuclear power crashes to 40-year low in 2023

By: Rhodri Morgan

Add as a preferred source on Google
Hinkley Point C could meet the energy needs for six million homes
Hinkley Point C could meet the energy needs for six million homes

Power produced from nuclear stations in the UK sank to a 40-year low in 2023.

According to a Bloomberg report citing figures from the UK government and Electricite de France, output shrank from 37-terawatt hours in 2022 to below 40-terawatt hours in 2023 for the first time since the 1980s.

Nuclear power is a key feature in the government’s energy security strategy, with Downing Street aiming to ramp up generation from 6.9GW to 24GW before 2050 to reduce fossil fuel usage as well as reliance on overseas energy providers.

The UK generates around 15 per cent of its electricity from about 6.5 GW of nuclear capacity, spread across five active plants.

But with 85 per cent of its nuclear power output due to come offline before 2028, there is an urgent need to green light new projects.

So far, facilities that have been given the all-clear include Hinkley Point C – a full-scale 3.2GW power plant that could meet the energy needs for six million homes – which is set for completion in 2028, and a proposed, near-identical Sizewell C project that awaits a final investment decision (FID).

Small module reactors – factory-built, mobile reactors – are set to play their role in upping output as well. However, there have been no contracts handed out to a raft of bidders, including motor giant Rolls Royce.

The government is expected to publish a long-awaited nuclear strategy to get to 24GW capacity by 2050 this month after prolonged delays.

But this is expected to be a massively costly process. Aurora Energy Research estimates it could cost as much £150bn ($190bn).

Last month, campaigners lost a legal battle with the government to block the construction of another proposed nuclear site, Sizewell C.

Read more

Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

Rendering of a small modular reactor (SMR) design showcasing compact and efficient nuclear energy solution

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Energy

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

    Energy
    Rendering of a small modular reactor (SMR) design showcasing compact and efficient nuclear energy solution
  • Data centres to consume tenth of global power by 2050

    AI
    Pylons standing tall against a clear sky following Engies acquisition of UK Power Networks, symbolizing energy sector growth.
  • X-energy Submits Xe-100 HTGR for UK Generic Design Assessment

    Business Wire
  • The City is paying the price for Britain’s energy failure

    Opinion
    UK energy power lines spanning a rural landscape, highlighting infrastructure and sustainability efforts in the energy sec...
  • Vattenfall energy portfolio poised to be snapped up by private equity firm

    Merger/Acquisition
    Brent Cross Town aerial view showcasing urban development and green spaces from the official website
  • Reeves to protect energy and infrastructure projects from court challenges

    Legal
    Rachel Reeves speaking at an IOD event.
  • Type One Energy, Tokamak Energy, and AECOM Form the UK Infinity Fusion Consortium to Accelerate Development of a Commercial Fusion Power Plant in the United Kingdom

    Business Wire
  • Britain’s data centres are eating the grid – and we underestimated the damage

    Tech
    Modern data centre with rows of server racks, advanced cooling systems, and high-tech equipment under ambient lighting.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies