UK annual inflation hit 3% in September for the first time since March 2012, up from 2.9% in August, the Office for National Statistics said Tuesday. Monthly CPI as published by the ONS is used as an input in strike prices awarded to low-carbon projects under the Contracts for Difference regime. One of the early commercial agreements was for the Hinkley Point C nuclear power station. LCCC data show the initial GBP89.50/MWh ($118/MWh) strike price for the plant (2012 money) has risen GBP7.64/MWh to GBP97.14/MWh. This initial strike price assumes a second EDF project at Sizewell C proceeds. If not, the initial strike price rises to GBP92.50/MWh.
Platts 17th Oct 2017 read more »
ABB has won an order worth around $130 million to provide infrastructure for Hinkley Point C, the first new nuclear power plant to be built in Britain for decades, the Swiss engineering group said on Thursday.
Reuters 19th Oct 2017 read more »