£3 billion more, 1 year longer: EDF Energy announces latest price hike and further delay at Hinkley Point C

£3 billion more, 1 year longer: EDF Energy announces latest price hike
and further delay at Hinkley Point C. Whilst news that yet another civil
nuclear power plant is to be delivered still further over-budget and still
further behind schedule may be ‘par for the course’, the Nuclear Free
Local Authorities still find EDF’s latest pronouncement that Hinkley
Point C will cost £3 billion more and take one year longer to build
shocking.

In a media release yesterday (Thursday 19 May), the French parent
of UK nuclear operator, EDF Energy, conceded that, on their latest
estimate, Hinkley Point C will now cost £25 to 26 billion to build and
become operational no earlier than July 2027.

EDF last updated its Hinkley
Point construction schedule in January 2021, when it stated the plant would
be delayed by a further six months to June 2026 with the cost rising by an
additional half billion pounds to £22 billion to 23 billion. NFLA Chair
Councillor David Blackburn commented: “EDF Energy have blamed COVID and
the Ukraine conflict for the price hike and the delay, but Hinkley Point C
was already way over budget and way behind schedule before either of these
calamities occurred. For the simple reality is that nuclear costs too much
and takes too long”.

 NFLA 20th May 2022

May 23, 2022 - Posted by Christina Macpherson | business and costs, UK