Spending watchdog condemns ‘risky and expensive’ Hinkley Point

NLAT: For more information on Amber Rudd and Hinkley Point visit this site:

Amber Rudd Fails to Disclose That Brother is Top Financial Lobbyist with Energy Clients

https://www.desmog.uk/2015/07/25/amber-rudd-fails-disclose-brother-top-financial-lobbyist-energy-clients

Damning report says nuclear project is bad for UK consumers and governments failed to assess alternative finance models

The construction site for Hinkley Point C near Bridgwater, Somerset. Critics say the report vindicates their claims the project is too expensive.

”Generations of British consumers have been locked into a “risky and expensive” project by the UK’s subsidy deal for a new nuclear power station at Hinkley Point in Somerset, according to a damning report by the spending watchdog.”

https://www.theguardian.com/uk-news/2017/jun/23/spending-watchdog-condemns-risky-expensive-hinkley-point-c-nuclear

 

Bigus Chrisms @ NLAT: Spending tax payers money to guarantee the energy companies double the going rate for 35 years always seemed risky and expensive to me. Apparently the build will cost £18bn – and the cost of subsidies…. £30bn. You don’t need a degree in advanced mathematics to work out that doesn’t seem like a very good deal.

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