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Labour vows not to renegotiate EDF nuclear power station deal

h/t http://election.democraticunderground.com/112764750

She went on: “It’s not, I think, helpful for governments coming in, if you like, to say ‘we’re going to renegotiate all contracts’. I don’t think that’s right.

“Down the road, obviously, the public accounts committee will look at the details of this, but I do believe nuclear is right and I do think it’s important to get the price right.

“Actually, going back to our reforms, an electricity pool will actually give governments of the future, hopefully a Labour one, much clearer ideas about what the reference price should be.”

Shadow energy chief Caroline Flint rules out reworking controversial £16bn deal for building Hinkley Point C plant

Labour will not renegotiate the contract with the French-owned EDF Energy that will deliver Britain’s first new nuclear power station in a generation despite concerns over the price paid for the electricity it will produce, the shadow energy secretary, Caroline Flint, has said.

…snip…

Asked on BBC One’s Andrew Marr Show if Labour would revisit the deal, Flint said: “No. We’re supporting the contract because we believe in the long run that actually it’s important, we hope that actually this is the first of many new nuclear builds and actually as we go forward the cost will come down.

“But it’s important to recognise that when you look at the unit cost of electricity generated by nuclear it actually works out cheaper than other forms of renewable energy.”

http://www.theguardian.com/business/2014/feb/23/labour-edf-nuclear-power-deal-hinkley

February 23, 2014 - Posted by | Uncategorized

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