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Electricity Production (Costs)

Volume 21: debated on Monday 5 April 1982

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asked the Secretary of State for Energy what is the current price advantage of electricity produced from a base load nuclear power station with

Representative Prices of UK and OPEC Crude oils for Term Contract Purchases
United Kingdom FortiesS. Arabia LightNigeria Bonny LightAbu Dhabi MurbanLibya Es SiderQuarterly Average of Opec Prices
Q II 1980
April 134·2528·0034·6929·5634·50
May 131·5630·45
May 2036·2536·50
May 2236·69
Q III 1980
July 137·0036·78
August 130·0031·80
September 133·56
Q IV 1980
November 132·0032·70
Q I 1981
January 139·2540·0036·5640·7834·95
Q II 1981
June 1535·0034·70
July 139·68
Q III 1981
August 2636·0034·20
Q IV 1981
October 134·0034·5034·30
November 136·5036·5035·7037·28
Q I 1982
January 135·5036·50
February 835·0033·90
March 131·00
Current Price31·0034·00*35·5035·50*35·50
Footnotes*Unconfirmed$per barrel
Prices are not comparable unless account is taken of differences in quality and location.
similar oil and coal-fired power stations, respectively; and what is the current contribution of each method of pricing to the national grid measured as percentages.

The CEGB's estimate for 1980–81 of the generating costs for Hinkley Point B nuclear station and Drax coal station, which both operated close to base load, is that Hinkley Point had costs in that year some 22 per cent. lower than Drax. Although oil stations are not normally operated on base load, I am advised by the CEGB that nuclear station's costs would have been some 55 per cent. below those of a modern oil station operated in this way. In the same year nuclear power contributed 10·7 per cent. of electricity supplies, coal 82·3 per cent. and oil 7 per cent.