Will EDF Get its Subsidy?

EDF the energy giant has already spent, it says, more than a million pounds every day to keep the project at Hinkley Point where it wants to build a nuclear power plant, viable. It does not want a subsidy. It wants a forty year commitment from the UK government to buy or underwrite the price it will get from the energy generated from the yet to build nuclear plant. It wants a price guarantee of £100 per mWh for 40 years. This is significantly higher than the price guarantee that the UK government gives to producers of electricity from wind power, where they pay out around £80 per mWh for 15 years, not 40 years. Continue reading