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Nuclear reaction

12th May 2009 Print
Commenting on the latest move by British Gas to buy a 20% stake in British Energy, Gareth Kloet, head of utilities at confused.com, said: "There seems to be no stopping nuclear power and this was further illustrated this week by British Gas's move to buy a 20% stake in British Energy.

"Following a clash in the Commons last week over the need for a new nuclear power station in Scotland and with gas supplies dwindling and our reliance on imported energy on the rise, this move by Britain's largest supplier can be seen as a bold move and one that shows a firm commitment to the future of nuclear energy.

"Love it or loathe it, it looks like nuclear generated electricity is here to stay as it cuts carbon emissions which will assist the government in meeting its 2020 carbon emissions reduction target. In addition, long term investment could help to bring greater stability to future energy prices via a reduced reliance on imports.

"However, the nuclear debate is far from over with many citing renewable energy as the green choice that should be invested into more heavily. Alternative sources such as coal and natural gas also divide opinion as to what is the best source of energy.

"For customers who are worried about the source of their energy, Confused.com shows the fuel mix* of each energy supplier on its website, so customers can make an informed decision when choosing which supplier and tariff to switch to.

"Each of the suppliers have a different fuel mix to make up the energy that they generate, so for those who wish to vote with their feet, they can check out the fuel mixes on the Confused.com website, before deciding on which tariff and supplier to choose."

* The published mix of fuels that make up the source of the energy generated by that particular supplier or tariff.