EDF Energy is proposing a levy of 6 pounds per year on energy bills to pay for Sizewell C, and cut down on interest payments. EDF says it hopes to build its second station for 16billion rather than the 20billion at Hinkley Point C. The Government is expected to publish a consultation on the proposed new financing arrangements shortly. Richard Black (ECIU) and Time Stone (NIA). Government looking at Regulated Asset Base for of financing to spread costs more evenly. It shifts all the risk from the company itself onto all bill payers. Time stone says it’s clear we need new nuclear power stations. As you build more the price comes down. Richard Black says it’s not true to say we need nuclear. You can get 100% clean energy without nuclear. Tim Stone says cost of intermittency can be high, Black says it isn’t – about ten pounds per MWh More than a decade since Hinkley was first proposed wind has increased capacity ten-fold and solar 500 fold.
BBC Radio4 Today Programme (listen from 08.33 to 08.39) 11th June 2019 read more »