alt Hacker NewsThe last chance to stop that particular albatross was lost under Theresa May, who was advised that it was already over-budget and wouldn't deliver value for money, and had to guarantee a pretty eye-watering price per kWh at the taxpayer's expense.
I can only think that the UK must need the reactor products for something defence related, because little else makes sense.
> I can only think that the UK must need the reactor products for something defence related, because little else makes sense.
Obviously as a country with nuclear weapons that's an ingredient.
However Hinkley C's strike price £2012 92.50 is lower than was renegotiated for Drax £2012 109.90. Those are £2012 which means they're inflation adjusted as if you were being paid in the year 2012 not in current pounds. For a real world comparison, AR6 Solar got a strike price of about £2012 50 and that translates into about £75 right now today. Inflation is a hell of a thing.
Drax burns imported trees ("waste wood") so it requires some creative Green accounting to come up with the idea that this is carbon neutral so even if it's not quite as trivially friendly as a solar panel Hinkley is obviously less stupid. Both Hinkley and Drax run happily in the still dark, so to compare solar or wind you need to factor in a lot of storage. Today the government does not fund storage, that's a free market opportunity, so we can interpret the significant discount from Hinkley or Drax to a solar farm as a sign that the market thinks storing enough power is quite expensive actually.