nuclear-news

The News That Matters about the Nuclear Industry

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

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

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