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The UK has just building a nuclear plant that has a guaranteed strike price that is higher than what wind/solar gets. It also gets it for many years - it's a ba
by crdoconnor 9y ago
The UK has just building a nuclear plant that has a guaranteed strike price that is higher than what wind/solar gets. It also gets it for many years - it's a bad deal now and as the price of solar and wind comes down it will become even worse. The total subsidies for this plant are expected to be about 37 billion in total.
In return for paying more for Hinckley point the UK cedes sovereignty over its power generation to the Chinese and, of course, in case of disaster taxpayers are on the hook for almost all of the clean up costs.
What's not to like?