§ 58. Mr. Warbey
asked the Secretary of State for Education and Science what estimates he has made of future trends in the costs of various types of nuclear fuel, and of the value of irradiated fuel residues.
§ Mr. Hogg
Provided that uranium ore prices do not increase greatly, improvements in manufacturing techniques and the development of new types of fuel elements capable of longer irradiation should lead to a steady fall in the fuel costs of generating electricity from nuclear stations of all types. Although actual costs cannot be anticipated, the Atomic Energy Authority expect the value of plutonium to fall towards the end of this decade but to rise again in the 1970s to an extent dependent on the success achieved with Fast reactors.