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UK annual inflation pushes up the already high costs of Britain’s Hinkley and Sizewell nuclear power projects

Platts 17th Oct 2017, UK annual inflation hit 3% in September for the first time since March
2012, up from 2.9% in August, the Office for National Statistics said
Tuesday. Monthly CPI as published by the ONS is used as an input in strike
prices awarded to low-carbon projects under the Contracts for Difference
regime. One of the early commercial agreements was for the Hinkley Point C
nuclear power station. LCCC data show the initial GBP89.50/MWh ($118/MWh)
strike price for the plant (2012 money) has risen GBP7.64/MWh to
GBP97.14/MWh. This initial strike price assumes a second EDF project at
Sizewell C proceeds. If not, the initial strike price rises to
GBP92.50/MWh. https://www.platts.com/latest-news/electric-power/london/uk-inflation-hits-3-in-september-strike-price-26822470

October 20, 2017 - Posted by | business and costs, UK

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