UK Sizewell nuclear project could be a costly fiasco like Hikley Point C
Britain must tread with caution on new nuclear
The country’s first power plant in over 20 years is costly and late,THE EDITORIAL BOARD, Ft.com, 14 Dec 20 The government cannot afford a repeat of what happened with Hinkley Point. Thanks to spiralling construction costs and a controversial support system that guaranteed EDF and its junior partner, China’s CGN, a steep price for the electricity, it has become one of the most expensive nuclear reactor projects in the world. Under the 2013 deal, the coalition government agreed a price of £92.50 per megawatt hour for the electricity — at the time, close to double the wholesale price. The price is also indexed to inflation. Since then, the cost of renewables has plummeted, making Hinkley Point look even more expensive. ….. https://www.ft.com/content/b528ba1c-3e29-4472-89ef-6627b60b6b0c
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