Electricity Privatisation (Nuclear Power)

Part of the debate – in the House of Commons at 4:21 pm on 24 July 1989.

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Photo of Mr Cecil Parkinson Mr Cecil Parkinson , Hertsmere 4:21, 24 July 1989

As I told the House, we are creating an electricity industry which we hope will continue well into the next century. We are building a structure that will have a very long life. We are talking about clearing up the costs of stations, most of which will be closed by the middle of the next decade, and only two of which will be operational after 1995. It is quite wrong to say that the whole structure of the industry was developed to accommodate them. We are discussing how to clear up the past and liberate the industry so that it can develop nuclear power in the future.