Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,873.29
-0.26%
DAX
26,434.77
+0.44%
CAC 40
8,717.98
+0.03%
STOXX 50
6,550.67
+0.41%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
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

Sizewell B granted 20-year life extension

Sizewell B nuclear power station in Norfolk with clear skies and surrounding landscape, highlighting energy infrastructure.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Energy

Trending Articles

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • FTSE 100 Live: Stocks drop as US-Iran peace stalls; Oil climbs higher

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

More from Morning Wire

  • Sizewell B granted 20-year life extension

    Energy
    Sizewell B nuclear power station in Norfolk with clear skies and surrounding landscape, highlighting energy infrastructure.
  • Westinghouse and Amentum Partner to Expand Delivery Capacity for APX Fleet Deployment

    Business Wire
  • Grid operator issues fresh heatwave warning over power supplies

    Energy
    Air conditioning vents in a grid pattern, illustrating cooling solutions during a heatwave
  • Rehlko Announces €12 Million Expansion of Power Control & Distribution Manufacturing Facility in Cholet, France

    Business Wire
  • Quaise Energy Raises $134 Million in Initial Close of Series B to Build World’s First Superhot Geothermal Power Plant

    Business Wire
  • Octopus tells Burnham to ‘cut bills’ with £189 energy plan

    Politics
    Andy Burnham engaged in discussion with Goalhanger, highlighting key insights and perspectives in a dynamic news setting.
  • BP eyes finalising sale of solar arm to Kuwait-backed wealth fund

    Energy
    British Petroleum BP forecourt with fuel pumps and company signage visible in a business setting, highlighting energy serv...
  • As it happened: UK stocks cool after Astrazeneca drags; Trump and Iran clash over peace talks

    FTSE 100 Live
    Donald Trump speaking at a desk, gesturing with hands, wearing a dark suit and red tie.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook