Hinkley Point C will cost 18 billion euros.
Correction, Hinkley Point C has an estimated cost of 18 billion euros. Large infrastructure projects have a nasty habit of being over time and over budget. This is true of EDF’s latest project in France.
18 billion euros is larger than the capital value of EDF. Major shareholder in EDF is the French government. If Hinkley Point C proves to be, as many suspect, a White Elephant, it will destroy the French government.
The French Unions are oposed to Hinkley Point C and are considering mounting a legal challenge.
The new UK government is having second thoughts.
The price of electricity from Hinkley Point C is guaranteed for the next thirty-five years at double the current price of electricity.
The price of electricity from renewables has been halving every 18 months.
The offshore wind farms Siemens plan to build in the North Sea will deliver electricity at much lower price than Hinkley Point C
Hinkley Point C is a disaster and must be stopped.
Proponents correctly say we need reliable sources of clean energy. That is why we must push ahead with renewables, the more we have, the more reliable, as not reliant upon the unreliability of a few sources. Also resilient.
We must follow a Soft Energy Path, one wheres sources are matched to usage.
Nuclear power is hard energy, it is also very brittle.
Last week, my neighbour installed 14 solar panels on his south facing roof. Speaking to the contractors, they said peak output (on a good day when the sun is shining) is 3 kW.
Imagine if every house had solar panels, if new build was mandatory to have solar panels.
Inshore wind farms have been a disaster. Wealthy landowners reap the subsidies. Or did
We need to create community owned local area grids. Into which feed renewables guaranteed a fair price. Consumers would pay a fair price. Any surplus energy would be fed to other local are grids via a publicly owned National Grid. Any monetary surplus would either be fed back into the local grid or used to finance community projects, watering of the collaborative commons.
EU pushed diesel, thanks to lobbying by VW (the same VW that rigged emission tests). Net result nearly ten thousand deaths a year in London due to air pollution from toxic diesel.
In US and Japan, a different route of hybrid and electric cars.
One of the problems with electricity supply from renewables, is matching supply to demand. Electricity from the sun during the day when demand also peaks. Wind blows at night when demand is low
Surplus generation, could be, at cheaper rate via smart meters, used to charge electric cars. Electric cars when not in use, with fully charged batteries, could be used when peak demand exceeds supply. Smart meters can also use the electricity for low grade heat, for example water heating and space heating, where being cut off for a short while does not impact on the user (especially if have manual override).
A couple of weeks ago, a useless report on abuse by the Big Six, a useless report that cost millions to compile. A couple of their worthless recommendations was better use of price comparison sites (better called price fixing sites as paid by suppliers to set up deals) and if consumers had not recently change supplier, add them to a database to receive junk mail from suppliers.
One measure at a stroke would improve the situation, eliminate standing charges, a fixed rate per kW-H, or maybe two rates, one a special cheap rate when surplus exceeds supply (requiring smart meters).
There are no standing charges when paying for petrol, there should be no standing charges when buying electricity.
We do not need to nationalise the Big Six, introduce community owned and controlled local grids, and the Big Six would be driven out of business, as unable to compete.
Post-Brexit, we need investment in green infrastructure, investment in publicly owned railways, in locally owned and controlled electricity grids. What we do not need is bad infrastructure, HS2, Hinkley Point C, expansion of London City Airport or additional runways at Heathrow and Gatwick.
- A quarter of UK electricity was generated by renewables last year
- Hinkley Point: New hitch for UK nuclear plant deal
- Post-Brexit economics