DislikedJust on the radio, the construction of the Hinckley Point nuclear power station is to go ahead. On the face of it this seems like an answer to the burgeoning shortfall in generating capacity on the edge of which the UK is teetering. The strike price of generated electricity has been reduced to about 90 per MWhr. (apologies for forgetting the exact number) Let us just think about that for a moment. The price a consumer currently pays for supplied electricity is around 13p per kWhr, which is equivalent to 130 per MWhr. So using current pricing for...Ignored
Are you sure you have that pricing right, I thought (perhaps mistakeningly) that the price for energy was nearly double the current spot price or something.
In other words the government committed itself to paying a higher rate for longer.
I really hoped May would have said no to this, because of where the funding is coming from, and the political inclinations of that country towards the West.