Despite Hinkley, the new plan for nuclear is hardly better than the old one
by Jillian Ambrose from on (#4M21P)
Taxpayers are still on the hook, and renewable options are still being overlooked
The government's new funding model at the heart of its plan for a nuclear renaissance is an improvement since it struck a deal three years ago to support Hinkley Point C in Somerset. This is the best that can be said for the new strategy, outlined by officials in a consultation last week. It is also very faint praise.
EDF Energy's deal to build Hinkley Point C, Britain's first new nuclear power plant in a generation, has been dubbed the world's most expensive power plant of all time, a "white elephant" in a changing energy landscape, and a risky and expensive gamble with taxpayers' money.
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