In a meeting with British parliamentarians yesterday, EDF Energy dispelled the myths surrounding the economics of the Hinkley Point C nuclear power plant project. Executives from the company stressed that the strike price agreed with government for electricity generated by the plant had not escalated, that financing for the project was already in place, that the cost of alternative energy sources would not be lower for consumers, and that the delay to the Flamanville project was not relevant to Hinkley. CEO Vincent de Rivaz, Director of Strategy and Corporate Affairs Paul Spence and Managing Director of Nuclear New Build Humphrey Cadoux-Hudson gave evidence to the House of Lords Economic Affairs Committee in its inquiry The Economics of UK Energy Policy. They took part as witnesses in the inquiry’s session ‘Taking the nuclear option: Is it the solution to the UK’s energy needs?’
World Nuclear News 2nd Nov 2016 read more »