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EDF has passed UK nuclear costs on to the British taxpayer

text-my-money-2flag-UKDeutsche Bank notes that EdF has effectively handballed the risk of new nuclear to consumer and the UK government. The consumer is picking up the tab through higher electricity bills, and the UK government is using taxpayers money to guarantee 65 per cent of the project cost.  With the involvement of Chinese nuclear interests, that leaves EdF with an exposure of just £3.5 billion. http://reneweconomy.com.au/2013/nuclear-part-2-36006

November 5, 2013 - Posted by | business and costs, politics, UK

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