New Chancellor of the Exchequer Philip Hammond said today the Government “had to make sure” the Hinkley Point C nuclear power station on the Somerset coast was built.In one of his first interviews as Chancellor on BBC Radio 4, Mr Hammond said building the plant was essential to secure the country’s power supply needs.Mr Hammond spoke as the National Audit Office released a report suggesting that top up payments to EDF to help pay for the power station looked set to Skyrocket from £6.1bn to £29.7 billion – nearly five times the original estimate.This is because fossil fuel prices have dropped so dramatically that wholesale electricity prices have tumbled with them. The subsidy was designed to ensure operators of the power station had a stable income from it.
Info Europa 14th July 2016 read more »
New Chancellor describes Hinkley Point C as vital for the economy.
Burnham-on-sea.com 15th July 2016 read more »
This is the West Country 15th July 2016 read more »