The UK Government Secretary for Business and Energy has warned that building nuclear power plants may cause an increase in household bills. During his visit to north Wales on Thursday, Kwasi Kwarteng said that during the early stages of building a reactor it would "add at most a few pounds a year to a typical household", but in the longer term, it would provide us with "cheaper power".
Mr Kwarteng, alongside UK Energy Minister Greg Hands visited the Wylfa site on Anglesey on Thursday to launch their £120 million Future Enabling Fund, which saw the government pledge to build a nuclear power reactor on the site. The fund aims to unlock and accelerate new nuclear technologies, while also encourage new investment in the market.
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