Hinkley Point C Power Station

Department for Energy and Climate Change written question – answered on 23rd June 2015.

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Photo of Paul Flynn Paul Flynn Labour, Newport West

To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the unit cost of electricity from the planned Hinkley Point C nuclear power plant.

Photo of Andrea Leadsom Andrea Leadsom The Minister of State, Department of Energy and Climate Change

The Government and EDF agreed a Strike Price of £89.50/MWh (in 2012 prices) fully indexed to the Consumer Price Index in October 2013. The price benefits from upfront reduction of £3/MWh built in on assumption that EDF will be able to share first of a kind costs of EPR reactors across Hinkley Point C and Sizewell C sites. If the final investment decision is not taken on Sizewell C, the Strike Price for Hinkley Point C will be £92.50/MWh.

The UK Government and EDF are working together to finalise the documentation for the Hinkley Point C project.

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