The redevelopment of a nuclear infrastructure in Britain by various energy suppliers could be aided by proposed government tax breaks, reports the Times.
According to the paper, the Department for Energy and Climate Change may exempt nuclear power plants from the climate change levy in order to hasten their development and enable consumers to switch energy to nuclear generation faster.
If the exemption goes ahead, nuclear power will join cleaner energy projects such as wind turbines that are already exempt from the tax, which generates around £1 billion a year for the Treasury and is intended to promote greater efficiency.
Matthew Farrow, head of energy at the CBI, told the paper: "Our view is that there should be a change to the levy. It's common sense. Whether that would be sufficient is unclear, but any low-carbon electricity production ought to be exempt."
French-owned energy supplier EDF is scheduled to lead nuclear redevelopment in the UK, with the first new reactor to come online in 2017.
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