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You're damn right its shit. Hinkley was bollocks because the strike price was that high. If we don't agree to stupid strike prices (ie £60 per mwh) then its no
by KaiserPro 5y ago
You're damn right its shit.
Hinkley was bollocks because the strike price was that high. If we don't agree to stupid strike prices (ie £60 per mwh) then its not a disaster. Even at £60 profitability is inside 12 years.
Unless we start building generation capacity, then the wholesale price will go up as time goes on. Or as new renewable come on line, we'll get even more price fluctuations.
it doesn't take many of these to even out pricing.
- pydry 5y agoIf the strike price wasnt that high it never would have been financed.
- KaiserPro 5y agoBecause of the way that the finance was structured. from my understanding it was because the government didn't want to shoulder any risk (or reward) from this.
- pydry 5y agoSomeone has to subsidize nuclear or it never gets built. In the UK ended up being ratepayers. In a way it's better that the costs arent disguised.