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Nuclear Energy - Sizewell C new nuclear plant under review

Graham Watson

4th November 2022

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The inter-linked nature of policymaking is demonstrated here - the original imperative, to reduce public spending, might see the government delay or halt the building of a new power station at Sizewell.

However, this potentially has adverse supply-side costs, because it reduces the nation's capacity to generate electricity, and, as you should know the price elasticity of supply of new power stations is very, very low indeed.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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