Set aside the debate over whether it’s right that the government should be proposing to use more than £5bn to help Hitachi. There is a more fundamental problem with the project: it’s a rip-off. Even with a state stake, the project will be ridiculously costly for consumers and alternatives are much cheaper. The government is understood to be considering a guaranteed price from the Wylfa project on Anglesey of around £77.50/MWh of electricity: a subsidy to be paid through energy bills for 35 years. It looks cheap compared to the £92.50/MWh promised to EDF Energy for Hinkley Point C in Somerset. But that is like saying a Lotus is affordable compared with a Ferrari. Hinkley was branded “risky and expensive” by the spending watchdog. It is not a good yardstick. As one MP pointed out, offshore windfarms have won contracts for as little as £57.50/MWh. “That is the real cost benchmark that the government should use,” said the SNP’s Alan Brown. Solar and onshore windfarms would be even cheaper, but have had their subsidies scrapped. Storage, smarter grids and imports can help the UK manage renewables’ variable output. Clark’s intervention shows the economics of new nuclear do not work. Why should consumers pay through the nose when there are lower-cost alternatives?
Observer 10th June 2018 read more »
The firm behind a multi-billion-pound nuclear plant wants significant improvements to a 12-mile stretch of road to link it with the A55. Members of Anglesey Council’s planning committee will undergo a site visit this month before discussing the proposals that include widening the A5025 between Valley and Llanynghenedl, Llanfachraeth and Llanrhuddlad, and Cefn Coch to the proposed Wylfa Newydd power plant site.
Daily Post 11th June 2018 read more »