Environmentalist
The Board of Hitachi are rescuing the Government from an expensive and damaging mistake. We already know how expensive new nuclear will be because of our experience with Hinkley. For that project to go ahead the Government had to buy all of its electricity for the next 35 years at […]
Nuclear costs have always been unmeetable, in comparison with renewables, in comparison with energy efficiency, and other ways to meet energy services, so the whole prospect for this program has never been sound.
On November 23rd, Financial Times Energy Editor, Andrew Ward, wrote, ‘energy consumers face paying £30bn above market prices for electricity for Hinkley over the 35-year life of the contract’. He was in error. The actual additional cost to consumers is £59bn. In his defence, Mr Ward can fairly claim […]