nuclear-news

Hinkley Point nuclear deal faces fresh delay, Ft.com Jim Pickard, Chief Political Correspondent January 28, 2015 The UK’s parliamentary watchdog has abandoned plans to scrutinise the Hinkley Point C nuclear project after predicting that a deal over state support would not be struck before May’s general election ……

In the deal struck with the government, EDF is due to get £92.50 per megawatt hour for 35 years.

But concern is growing over whether this offers good value for money for taxpayers, given the recent slump in oil prices………

Paul Flynn, a Labour MP, recently pressed Sir Nicholas Macpherson, the Treasury permanent secretary, during a hearing of the public affairs committee. “You have agreed to a contract, in this time of falling fuel prices . . . to guarantee a price of £92.50 per megawatt hour, which is twice the present going rate for electricity,” he said. “Is this sensible planning?”

Sir Nicholas accepted these were “good questions” and said he would report back to the committee.