| The cost of constructing a new nuclear plant can often stretch into the tens of millions, and is a risky and resource-intensive project to undertake | 922 37,078,000 9,984,670 Y Y Y Y Advanced 4,629 14,216,503 27,331,166 10,276 18,110 0 |
|---|---|
| The third was in 2011, during the Libyan crisis | The IEA was established as the main international forum for energy co-operation on a variety of issues such as security of supply, long-term policy, information transparency, energy efficiency, sustainability, research and development, technology collaboration, and international energy relations |
This first oil shock led to the creation of the IEA in November 1974 with a broad mandate on energy security and energy policy co-operation.
29| Energy customers would have to shoulder the burden if a project goes wrong, such as in the event that construction takes longer than planned and costs spiral | 2 1,241,450 2,658,041 9,807 20,602 0 |
|---|---|
| This is part of the reason why the Business Secretary is currently assessing the viability of the RAB model for new nuclear projects | Created in 1974 to ensure the security of oil supplies, the International Energy Agency has evolved over the years |
For customers, they can expect a more reliable power supply and better quality service due to new investments.
22| 767 124,738,000 1,964,375 Y Y Y Emerging 687 | 938 25,182,000 7,692,024 Y Y Y Y Advanced 650 |
|---|---|
| 4 2,025,866 2,442,144 34,349 39,637 0 | 758 1,396,982,000 9,634,057 Y Y Emerging 1,227 |
This included setting up a collective action mechanism to respond effectively to potential disruptions in oil supply.
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