Energy Minister Andrea Leadsom told the panel, appearing after De Rivaz. “We never leave ourselves in a position where one particular project will make or break the system.” Hinkley will add about 10 pounds to a typical U.K. household’s annual bill by 2030, Leadsom said. Alternative plans to generate the same amount of power would probably be more expensive, she said, seeking to justify the cost of guaranteeing EDF a power price of 92.50 pounds per megawatt-hour for 35 years.
Bloomberg 24th May 2016 read more »
Britain could abandon an £18 billion project to build a new nuclear power station at Hinkley Point in Somerset if EDF postpones a final investment decision for too long, a senior government official has admitted. Hugo Robson, chief negotiator at the Department of Energy and Climate Change told MPs that a contract with EDF to build and operate the plant contained a clause that allowed the government to cancel it in the event of delay. “If there is a very significant delay — and we are talking about eight years — then at that point we are able to cancel the contract,” he said. EDF promised to build the plant, which would generate 7 per cent of UK electricity, by 2017. The French state-controlled company now says that the earliest it could be completed is 2025. Mr Robson said that a 2013 agreement included a clause specifying that if the plant was not up and running by 2033 then the contract would be cancelled.
Times 25th May 2016 read more »
The UK government has not given EDF a deadline for its final investment decision (FID) on Hinkley Point C, but the contract for difference (CfD) element of their contract would be cancelled if the project is delivered eight years later than planned, in 2033. This was the conclusion of British lawmakers who yesterday grilled the UK Secretary of State for Energy and Climate Change and the lead negotiator on talks between the government and the French-owned utility.
World Nuclear News 23rd May 2016 read more »
Energy and Climate change committe with de Rivaz and Andrea Leadsom.
Parliament 24th May 2016 read more »