“A government spending watchdog has launched a devastating critique of Hinkley Point C, warning the nuclear project could cost energy consumers £30bn in “top-up payments” due to falling wholesale power prices.
The National Audit Office (NAO) also expressed fears that taxpayers could end up with a range of other payments under debt guarantees agreed by the government with EDF, the French energy group wanting to develop Hinkley.
There could also be potential liabilities for disposing of spent fuel and meeting claims in the event of a nuclear accident, argues the NAO, which says renewables may be a cheaper option.
“Supporting early new nuclear projects could lead to higher costs in the short term than continuing to support wind and solar. The cost competitiveness of nuclear power is weakening as wind and solar become more established,” says the report, entitled Nuclear Power in the UK.” …
http://www.theguardian.com/uk-news/2016/jul/13/hinkley-point-c-cost-30bn-top-up-payments-nao-report