We thought that the price for non-carbon electricity had peaked when the U.K. government agreed to require UK electricity customers pay £92.50 ($130.43) per MWH for the output from the under-construction Hinkley Point nuclear power station. We were wrong. Sponsors of the Tidal Lagoon Power project in Swansea, Wales asked for £123.00 ($170.34) per MWH) with a 90 year contract. They subsequently squeezed a promised subsidy out of the government of Wales (which, according to some sources, may end up owning the project). This has reduced the project’s cost so as to bring it roughly in line with Hinkley Point.
Oil Price 9th April 2018 read more »