Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Electricity price at Welsh power station ‘should be below Hinkley Point deal’

A guaranteed price for the electricity generated at the power station is expected to be around £15 per megawatt hour less than the £92.50so-called strike price awarded to EDF for the Hinkley Point C nuclear power station being built in Somerset.
Computer generated image of the planned Hinkley Point C nuclear power plant

The Government should negotiate a price for electricity at a planned new nuclear power station in Wales below that agreed for the delayed site at Hinkley Point, according to a committee of MPs.

Ministers have agreed a so-called strike price with EDF Energy of £92.50 per megawatt hour (Mwh), or £89.50 if the French giant develops another new reactor in Sizewell, Suffolk.

Environment groups have criticised the figure, arguing that renewable energy could be produced much more cheaply.

The Welsh Affairs Committee said there was great potential for developing nuclear power in north Wales, with a proposed new power station at Wylfa on Anglesey, as well as at Trawsfynydd.

But the MPs said the Government still had more work to do to prove the financial viability of the proposed projects.

Local communities should benefit because of the disruption major infrastructure developments would cause, said the committee.

The Government was urged only to build the Wylfa Newydd plant if the strike price is below that agreed for the Hinkley Point C and competitive with renewable sources.

“They must be transparent on cost and provide a clear and comprehensible explanation of the lifetime cost of the project, including decommissioning and waste disposal,” said the report.

Committee chairman David TC Davies (Conservative, Monmouth), said: “We know that proposals for new nuclear power plants cause concern amongst the general public.

“The key questions that need to be answered for future development of nuclear power at Wylfa and Trawsfynydd to be viable centre on value for money and local impact.

“The Government must prove that the cost of any nuclear development is well understood and competitive with renewable sources. These costs must be made public in a format that can be easily understood.

“There has to be a demonstrable benefit for the local community as well. Local businesses must form a key part of the supply chain and be given sufficient information to allow this to happen.

“We must also make use of the many skilled nuclear workers currently based in Wales, and provide sufficient training to develop the next generation.”

There was a “notable” lack of public confidence in nuclear power, so the Government, and Horizon Nuclear Power, which will operate Wylfa, should do more to educate people about how nuclear is regulated and operates safely in the UK, the report added.

EDF’s board is meeting on Thursday and looks set to make a final decision to go ahead with the Hinkley project.

Tom Greatrex, chief executive of the Nuclear Industry Association, said: “The nuclear industry has been a significant part of the Welsh economy creating jobs and prosperity for Wales for over 50 years, as the committee’s report makes clear.

“The select committee has highlighted the civil nuclear expertise which already exists in Wales and how future projects will be able to benefit from that knowledge and skill.

“Wylfa Newydd will create thousands of jobs during construction and operation, and is already actively engaging with schools and businesses in Wales to ensure the local communities benefit from the new power station.”

A spokesman for the Department for Business, Energy and Industrial Strategy said: “New nuclear power stations will provide secure, clean and affordable electricity for consumers across the country.

“We are constantly working to get the best deal for consumers and any proposals for new sites, including Wylfa, will need to offer value for money for the taxpayer.

“We expect local communities to see substantial benefits from investment in new nuclear. It’s estimated that the local North Wales economy around the proposed Wylfa site will benefit from around £50 million and hundreds of jobs.”

Recommended for you

More from Energy Voice

Latest Posts