According to the Telegraph, EDFs CEO Vincent de Rivaz says he wants 14p per kwh of electricity before he’ll build a new nuclear plant.
EDF is negotiating with ministers over a guaranteed electricity price in order to proceed with the project. It is likely to receive billions of pounds in subsidies, paid for through levies on all UK electricity consumers, if the market price remains below that level.
What? Isn’t nuclear supposed to be the “cheap option” that costs soooo much less than renewables?
Ultra-expensive solar-pv only gets 21p per kwh and onshore wind only costs around 9p, so EDF must be smoking something to ask for this much. Surely even Climate-Change deniers sceptics would prefer to have onshore wind farms rather than nuclear power at that price?