Hinkley C: An even worse bargain than we thought

Britain would have saved £1 billion a year by ditching Hinkley C in favour of less risky schemes. ‘The new analysis by the Energy and Climate Intelligence Unit finds that a mix of policies and technologies that are already in use could add the 3.2 gigawatts of capacity – about 7% of Britain’s needs – that Hinkley Point C is earmarked to provide. The measures include extra gas-fired power stations, more interconnectors that allow energy to be imported from abroad and additional offshore wind farms. The think tank claims the estimates are based on “ultra-conservative” assumptions of cost improvements for renewable energies and only rely on technology that is already in use. Richard Black. director of the unit, said: “We wanted to know how essential Hinkley is for keeping the lights on whilst cutting greenhouse gas emissions and keeping costs down. Our conclusion is that it’s not essential: using tried and tested technologies, Britain can meet all its targets and at lower cost.” ‘ fi’om The Times 26* August 2016 Additionally, the National Audit Office estimates that electricity from large~scale solar farms is expected at about £50 to £75 per megawatt hour in 2025, whilst new nuclear is projected to cost £85 to £125 per megawatt hour.