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The wholesale price is currently around £200/MWh, whilst the guaranteed price for electricity from Hinkley Point C is around £110/MWh. So no, it is not outrageo
by kergonath 5y ago
The wholesale price is currently around £200/MWh, whilst the guaranteed price for electricity from Hinkley Point C is around £110/MWh. So no, it is not outrageously high.
- orra 5y agoNo, was outrageously high, as highlighted at the time of approval by the National Audit Office. As I said, renewables are cheaper and faster to build: offshore wind a few years ago was given guaranteed strike prices of only £40/MWh. Current electricity spot prices are volatile because gas is expensive, not because nuclear is cheap. Besides, the government doesn't guarantee outrageous gas prices for thirty years.
- sideshowb 5y agoWow this thread was full of questionable comparisons eh... Compare Hinkley's strike price to £40/MWh and don't mention the storage cost! Compare Hinkley's strike price to £365/MWh and don't mention that's a spike not a long term average! Take your pick :-)