Nuclear @ Hinckley!

ihateyes

So the government have announced a new plant at Hinckley, but with a sting in the tail.

At a time when bills are soaring, and the government is mouthing off at energy firms.... they agree a deal that will add to bills.

The 'strike price' of £92.50 per mega watt of energy price is what EDF are guaranteed to be paid.

This strike price is currently double what it is today.

If when the plant goes online the strike price is below that or falls beneath that, a levy will be placed on energy bills to pay EDF the difference.... yet another subsidy to energy companies.

The Government are as bad as the utilities!

Andy_WSM

ihateyes wrote: »

The Government are as bad as the utilities!

Which is why the utilities are left to their own devices at present.

edit - at current rate of price rises anyway the market "strike price" may well be higher anyway by the time the plant is ready.

alleycat`

If it continues as is that strike price will probably be close to about right.
If they go for the second reactor it comes down about £5 to £87 something or other.

I can't see either of them coming on stream for the best part of a decade.

My personal view is that most of the issues we now have are due to successive governments kicking this can down the road when it was obvious it needed to be done.

I'm more worried about a shortfall between now and when these plants come online.

anotheruser

Just to confirm, this is Hinkley point in Somerset, NOT Hinckley in Leicestershire...

Andy_WSM

And there is no "C" in "HINKLEY" in Somerset

lstar337

Andy_WSM wrote: »

And there is no "C" in "HINKLEY" in Somerset

Unless you are talking about Hinkley Point 'C', In which case there will be in 10 years.

I couldn't care less about this being on my doorstep, Hinkley A & B never gave me any trouble.

DragonQ

lstar337 wrote: »

Unless you are talking about Hinkley Point 'C', In which case there will be in 10 years.

I couldn't care less about this being on my doorstep, Hinkley A & B never gave me any trouble.

Apart from your third arm, of course. :rotfl:

PollySouthend

The most advanced nations are turning off nuclear, Sweden, Denmark, Norway, Australia, Germany and Japan to name a few.

But this country is building new ones, crazy.

Andy_WSM

lstar337 wrote: »

Unless you are talking about Hinkley Point 'C', In which case there will be in 10 years.

I couldn't care less about this being on my doorstep, Hinkley A & B never gave me any trouble.

I'm with you. I'm just upwind of the fallout

Nada666

A few days after screaming a fifteen months fix is bad the same suspects declare a ten years fix is good. Eh?

Richie-from-the-Boro

Little windy-mills, wiggly worms in the waves and silly bits of silicone pointing at the sun

- the predicted price of twice current wholesale is at the 2023 price as Andy_WSM said about right
- the French & Chinese will make about 10% out of our power needs when the new Hinkley site goes on-line
- PollySouthend's view is irrelevant to the issue, low or no carbon cost-neutral generation is many generations away

What we as a GOV & nation could but will not do is look to (1) reducing need [insulation] (2) local off grid town or city sized energy hubs and (3) breaking the monopoly by using legislation to insert a single buyer / seller between the generator & retail arms of the big 6.

#19 March this year - Nobody likes the truth, and I mean nobody. As long as this country avoids the inevitable and fails to build nuclear we will forever be at the mercy of primary resources of which we have none. Building toy windmills, pointing little bits of silicon at the sun and putting wiggly worms in the waves won't hack it .. .. if we covered the entire island and its shoreline in them it still would not provide power for the nation. Put the whole worthless 'green' scenario in the long grass till about 2050 then have a~n~other look at the efficacy of UK 'green' energy, it might have improved .. .. but I doubt it. Do I want a nuke power station next to me, aye go on - I've got one 16 miles from here [1969- 1984] but I suppose another won't hurt, I mean its been there for nearly 30 years and done me no harm.