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UK Government accepts energy cost at Hinkley Point C

04 Mar 2014
The UK government has accepted the contract with French major EDF Energy regarding the cost of the UK’s nuclear power plant’s energy.

Caroline Flint, the shadow energy secretary has said that Labour will not renegotiate the contract with EDF Energy that will deliver Britain's first new nuclear power station in a generation despite concerns over the price paid for the electricity it will produce.

Flint said a future Labour government would not revisit the contract to build the £16bn Hinkley Point C power station in Somerset despite criticism over the so-called "strike price" for electricity produced at the plant.

Britain will pay £92.50 per MW hour for electricity produced at the plant. Flint said this was still cheaper than other forms of renewable energy.