Agreement on 'strike price' brings Hinkley Point C in Somerset closer to reality

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Latest

  • Talks about 'strike price' have been ongoing for a year
  • Agreement finally reached between Government and EDF
  • Deal means EDF will receive a guaranteed sum for power
  • One of last major hurdles for new reactor to be built
  • Hinkley project expected to create 25,000 jobs

5:04pm

2:19pm

SEDGEMOOR District Council has produced this video emphasising the importance of community benefit to the district from Hinkley.

1:03pm

11:48am Mon 21 Oct 13

Ka7e says

The final hurdle was not the strike-price, rather EDF getting the project underwritten by the Chinese! China has 2 EPRs being built - on schedule and within budget (cheap labour?). In Europe delays have been caused by safety issues and costs have spiralled. But, one wonders if the Chinese reactors have been constructed to strict European standards...buying something with "Made in China" stamped on the bottom has never been a guarantee of quality!

1:02pm

12:21pm

JO Brown, from Parents Concerned About Hinkley, said: "The UK’s Chancellor has just signed up to a deal where EDF and the Chinese get £14billion just for the construction of Hinkley C.

"The UK government has also guaranteed profits to the French and Chinese with a guaranteed price which is twice the existing cost, beginning in 2025 for 35 more years after which they walk away from the UK with their profits and leave all the waste behind for thousands of years.

"By 2025 electricity costs in the UK will already be lower than today’s costs as wind, wave, solar and tidal power become established and their initial development costs recovered (see Germany’s success).

"For nuclear, we the taxpayers will also pay for all the waste and decommissioning - £100billion and counting just for legacy waste.

"Taxpayers will also pay all nuclear insurance costs from construction to on site spent fuel storage for thousands of years.

"It’s not rocket science; it’s not even secondary school maths. We’re being conned by false threats of the lights going out and outright lies that nuclear is carbon free.

"And let’s not even start on the health costs – yet another example of international government cover ups which make the fictional 1984 book read like a fairy tale."

12:19pm

THEO Simon, of Stop Hinkley, said: "The coalition have no plan B for meeting UK energy demand, so they now want EDF's Hinkley C development to be completed at any cost, even if that means relying on the century-long good will of a totalitarian state.

"This whole project was sold to us on the basis of local jobs, affordable electricity, British energy security and the need to bridge the so-called "energy gap" in 2020 with low-carbon generation.

“Now the Hinkley C project will fail on every count - except to line the pockets of foreign investors at our expense in what some people are calling "The Great Chinese Takeaway".

11:50am

11:34am

TIM Taylor, leader of West Somerset Council, (pictured below) said: "This announcement from the Government and EDF Energy is hugely positive, timely and very welcome.

"We have heard for some time that the EDF Energy team is “shovel ready” and I am pleased to confirm that our council has already been delivering on our commitments and is 'Hinkley-Ready'.

We realise that before work resumes on the Hinkley Point C project there are further discussions and decisions that will need to be taken.

"I hope this agreement proves to be the kick-start towards construction beginning in earnest.

"From our council’s perspective we already have a series of programmes in place providing all sorts of opportunities for local businesses to benefit from being in the supply chain and local people to be trained to become part of a skilled workforce.

"We will continue to work hard to ensure our communities and businesses are well placed to take advantages of all the opportunities which the project will undoubtedly bring.

"Our council will use the resources provided to us from the development to create a sustainable legacy for our community."

Chard & Ilminster News: Cllr Tim Taylor

11:26am

PRIME Minister David Cameron was at Hinkley Point in person this morning for the announcement.

Speaking to the assembled media, Mr Cameron said Hinkley was a "vital, nation-changing project" and was a "real vote of confidence in Somerset".

11:19am

Matt Tudor, head of business development at Bridgwater College, said: “From our point of view, the opportunity to work on such a major infrastructure project is very exciting – it’s a fantastic day for us.

“For the first five years, the opportunities for construction are enormous, then after that, there are real engineering opportunities.

“Whilst all that is going on, we want to support the facilities management side of things as well.

“There’s a real opportunity for unemployed people to retrain and get new jobs, and for young people there’s training and apprenticeships.

“If you are a school leaver or a graduate, there’s something for you.

“We’ve been rigorously planning for this for a couple of years and we’re very proud to be involved in this project.”

11:01am

MICK Lerry, leader of the Labour group on Sedgemoor District Council, said: "This will mean that eventually after a protracted period, the project will go ahead and provide an estimated 25,000 jobs.

"These employment opportunities for local people and business will be welcomed by the community.

"With this agreement it will mean that people will be subsidising energy in  Britain, when the price for energy falls below the strike price.

"Therefore with the price of energy at the present, people will be cautious about the price of energy in the future. This will be an important step towards the building of the energy infrastructure in Britain and the reduction of carbon omissions, which have an impact on climate change.

"It will now be important to make sure that the impact on Bridgwater during the construction period is minimised and opportunities of economic growth are inherited, to avoid boom and bust."

10:56am


 

10:22am

Chard & Ilminster News: Ian Liddell-GraingerBRIDGWATER and West Somerset MP Ian Liddell-Grainger: "This is a great day for Bridgwater and West Somerset.

"This has been four years in the making.

"It's taken an inordinate amount of time and a huge amount of work has been done with the local community in Bridgwater and West Somerset.

"It's an extremely complicated deal but it means that the security of energy will be in the hands of the British and nobody else.

"The strike price is a clear agreement which shows we are committed in Britain to making the lights stay on.

"The investment in the area is huge and very well-received."

10:05am

9:56am

Chard & Ilminster News: Rupert Cox, of Into Somerset

RUPERT Cox, chief executive of Somerset Chamber of Commerce, said: “This is a positive and encouraging step towards the development of Hinkley Point C and the vast opportunities this will bring for Somerset businesses and the county as a whole.

“This agreement will act as a catalyst for EDF to be able to make their final investment decision. Providing this is positive, we can begin to engage with the preferred Tier 1 contractors to support their own supply chain development activity.

“The Somerset Chamber has been working closely with EDF Energy to develop a robust supply chain that captures the capabilities of Somerset and South West businesses interested in getting involved in the project. Over 1,400 Somerset businesses have already registered on the Hinkley Supply Chain portal, not just from engineering and construction organisations but across a wide range of industries including professional services and food & drink.

“Our on-going supply chain work enables us to develop relationships with the preferred top tier contractors, ensuring that they are aware of the huge pool of supply chain resource that they should be tapping into here in Somerset and making introductions that will bring economic investment and new jobs to the county.”

9:18am

9:18am

8:42am

SEDGEMOOR District Council leader Cllr Duncan McGinty (below) said: “We are pleased that EDF and the Government have concluded their negotiations on a strike price.

"This is an important step in a long journey before Hinkley Point C starts generating electricity for the nation.

"We will continue to work with EDF to make sure that local people justly benefit from hosting the power station on their doorstep.”

Chard & Ilminster News: District council leader Cllr Duncan McGinty has hit back at the claim.

8:36am

8:36am

8:34am

8:20am

HENRI Proglio, chairman of the EDF Group, said: “The agreement in principle reached today with the British government significantly strengthens the industrial and energy co-operation between France and the United Kingdom.

"The EPR project at Hinkley Point represents a great opportunity for the French nuclear industry in a context of a renewal of competencies.

“This project will deliver a boost to the economy and create job opportunities on both sides of the channel and will enable the United Kingdom, a country in which EDF is already the leading producer of electricity, to increase the share of carbon-free energy in its production mix.”

8:19am

ENERGY Secretary Edward Davey (below) said: “This is an excellent deal for Britain and British consumers. For the first time, a nuclear power station in this country will be built without money from the British taxpayer.

"It will increase energy security and resilience from a safe, reliable, home-grown source of electricity.

"This deal is competitive with other large-scale clean energy and with gas – and while consumers won’t pay anything up front, they’ll share directly in any gains made from the project coming in under budget and from refinancing or equity sales in particular circumstances.

"We are creating one of the most attractive electricity investment markets in the world – and this is a clear sign that investors are already responding, even before our electricity market reforms become law.”

Chard & Ilminster News: Ed Davey says UK gas prices are, on average through a year, lower than in the other 15 major EU countries

8:18am

PRIME Minister David Cameron (below) said: "Earlier this month I spoke about our new industrial policy that looks to the future, and about our determination to embrace new technologies and back new industries and energy sources so that they can flourish and help us build a rebalanced economy across the country.

“As part of our plan to help Britain succeed, after months of negotiation, today we have a deal for the first nuclear power station in a generation to be built in Britain.

“This deal means £16bn of investment coming into the country and the creation of 25,000 jobs, which is brilliant news for the South West and for the country as a whole. As we compete in the tough global race, this underlines the confidence there is in Britain and makes clear that we are very much open for business.

“This marks the next generation of nuclear power in Britain."

Chard & Ilminster News: Prime Minister David Cameron is satisfied with the way the work of the intelligence services is overseen, his spokesman said

8:15am

SOMERSET County Council leader Cllr John Osman said: “This huge step forward is important for Somerset’s young people.

"It’s important for businesses and our local economy and it’s important for our communities.

"This puts Somerset firmly in the national spotlight and it’s now tremendously important we all work together to get the best benefits we can for them.”

Investment chief Cllr David Hall, added: “This is a huge step forward on what has been a very long road towards the development of Hinkley Point C.

"Somerset is at the forefront of the UK’s new generation of nuclear development and the proposed Hinkley Point C nuclear power station is an extremely important opportunity for our county.

"We are doing all we can to maximise the many opportunities that this development will bring to the area, while minimising any impacts.

"Whilst the final investment decision has yet to be announced by EDF, all the necessary stages are being addressed one by one.

"I am delighted that this latest announcement will provide a significant boost to business confidence throughout the county.”

6:51am

THIS is how Hinkley C should look. 

Chard & Ilminster News: An artist's impression of the Hinkley C site

6:48am

IT comes just days after the Chancellor, George Osborne, agreed to let Chinese investors be involved in the project. 

6:31am

THE Government and developer EDF Energy have agreed a 'strike price' guaranteeing the amount the French energy giant will be paid for its power at Hinkley Point C in Somerset.

The announcement, made this morning, brings the prospect of the new plant being built on the county's coastline closer to reality.

Talks between the Government and EDF about the minimum price which will be paid for every megawatt of power generated per hour at the new reactors have been going for a year.

Comments (14)

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8:40am Mon 21 Oct 13

Rusty Hinge says...

Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.
Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself. Rusty Hinge

9:09am Mon 21 Oct 13

awayswing says...

Rusty Hinge wrote:
Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.
I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either.
This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?
[quote][p][bold]Rusty Hinge[/bold] wrote: Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.[/p][/quote]I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either. This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper? awayswing

10:36am Mon 21 Oct 13

bts73 says...

Well with the chinese involved, problems with radiation leaks and costly health and safety inspectors will be dealt with swiftly - i imagine there will be a raft of tiananmen square tanks and commanders stationed around the site machines guns at the ready ! And as for all those pesky customers complaining about electricity prices ...
Well with the chinese involved, problems with radiation leaks and costly health and safety inspectors will be dealt with swiftly - i imagine there will be a raft of tiananmen square tanks and commanders stationed around the site machines guns at the ready ! And as for all those pesky customers complaining about electricity prices ... bts73

11:07am Mon 21 Oct 13

FreeSpeech? says...

awayswing wrote:
Rusty Hinge wrote:
Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.
I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either.
This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?
Well the price they have agreed is twice what we are paying now so with prices rising by about 10% per year and Hinckley C taking ten years to build it should make the price about right. What really gets my goat is that with Hinckley's two reactors costing £16billion and HS2 set to cost £50billion would it not be better to spend the HS2 money on six new state owned reactors thus stopping us being held to ransom by foreign energy companies, lower energy bills as we could swap to state owned power and provide help to the whole of the UK and not just the toffs who would use HS2. Sorry if that sounds too much like a Socialist.
[quote][p][bold]awayswing[/bold] wrote: [quote][p][bold]Rusty Hinge[/bold] wrote: Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.[/p][/quote]I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either. This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?[/p][/quote]Well the price they have agreed is twice what we are paying now so with prices rising by about 10% per year and Hinckley C taking ten years to build it should make the price about right. What really gets my goat is that with Hinckley's two reactors costing £16billion and HS2 set to cost £50billion would it not be better to spend the HS2 money on six new state owned reactors thus stopping us being held to ransom by foreign energy companies, lower energy bills as we could swap to state owned power and provide help to the whole of the UK and not just the toffs who would use HS2. Sorry if that sounds too much like a Socialist. FreeSpeech?

11:48am Mon 21 Oct 13

Ka7e says...

The final hurdle was not the strike-price, rather EDF getting the project underwritten by the Chinese! China has 2 EPRs being built - on schedule and within budget (cheap labour?). In Europe delays have been caused by safety issues and costs have spiralled. But, one wonders if the Chinese reactors have been constructed to strict European standards...buying something with "Made in China" stamped on the bottom has never been a guarantee of quality!
The final hurdle was not the strike-price, rather EDF getting the project underwritten by the Chinese! China has 2 EPRs being built - on schedule and within budget (cheap labour?). In Europe delays have been caused by safety issues and costs have spiralled. But, one wonders if the Chinese reactors have been constructed to strict European standards...buying something with "Made in China" stamped on the bottom has never been a guarantee of quality! Ka7e

2:40pm Mon 21 Oct 13

AlainCo says...

awayswing wrote:
Rusty Hinge wrote:
Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.
I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either.
This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?
Old story. The swedish of the Elförsk electric industry research consortium succeeded. They are making additional test... it will take a semester at least...
There are greek in the city of vancouver (Defkalion) with a probably better reactor.
and guys from Stanford (Brillouin) running behind, followed by Lenuco, ST Micro, LENR-cars, Kresenn,Nichenergy..
.

I have made an executive summary: look for lenr-summary-for-pol
icy-makers on lenrnews eu .
Things are harder than imagined, because reality is always more complex than Hollywood scenarios.
[quote][p][bold]awayswing[/bold] wrote: [quote][p][bold]Rusty Hinge[/bold] wrote: Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.[/p][/quote]I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either. This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?[/p][/quote]Old story. The swedish of the Elförsk electric industry research consortium succeeded. They are making additional test... it will take a semester at least... There are greek in the city of vancouver (Defkalion) with a probably better reactor. and guys from Stanford (Brillouin) running behind, followed by Lenuco, ST Micro, LENR-cars, Kresenn,Nichenergy.. . I have made an executive summary: look for lenr-summary-for-pol icy-makers on lenrnews eu . Things are harder than imagined, because reality is always more complex than Hollywood scenarios. AlainCo

6:37pm Mon 21 Oct 13

RustyKnight says...

BRIDGWATER and West Somerset MP Ian Liddell-Grainger: "This is a great day for Bridgwater and West Somerset."

This is the same ILG who stood on our doorstep and said "Hinkley C, it'll never happen".

Typical two-faced politician.

Also, interesting to see comments from people who insist on putting another "c" in Hinkley - can't be locals!

The best/worst thing about the strike price is, no one knows how much more the bill payers will have to actually be paying until Hinkley C is built and online! At the moment the strike price is twice the current price.
BRIDGWATER and West Somerset MP Ian Liddell-Grainger: "This is a great day for Bridgwater and West Somerset." This is the same ILG who stood on our doorstep and said "Hinkley C, it'll never happen". Typical two-faced politician. Also, interesting to see comments from people who insist on putting another "c" in Hinkley - can't be locals! The best/worst thing about the strike price is, no one knows how much more the bill payers will have to actually be paying until Hinkley C is built and online! At the moment the strike price is twice the current price. RustyKnight

7:35pm Mon 21 Oct 13

Lord Gothover says...

AlainCo wrote:
awayswing wrote:
Rusty Hinge wrote:
Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.
I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either.
This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?
Old story. The swedish of the Elförsk electric industry research consortium succeeded. They are making additional test... it will take a semester at least...
There are greek in the city of vancouver (Defkalion) with a probably better reactor.
and guys from Stanford (Brillouin) running behind, followed by Lenuco, ST Micro, LENR-cars, Kresenn,Nichenergy..

.

I have made an executive summary: look for lenr-summary-for-pol

icy-makers on lenrnews eu .
Things are harder than imagined, because reality is always more complex than Hollywood scenarios.
So are you confirming that the new cold-fusion LENR nickel-hydrogen powered reactors do actually work?. Can it really be that no-one told Cammy about this?.
[quote][p][bold]AlainCo[/bold] wrote: [quote][p][bold]awayswing[/bold] wrote: [quote][p][bold]Rusty Hinge[/bold] wrote: Looks like they got themselves a deal. But is nuclear fission now the old-hat technology?. The new kid on the block is LENR (low energy nuclear reaction), once called Cold Fusion, now emerging again after decades of mothballing and supression. Google Andrea Rossi E-Cat, or try Defkalion, the leading United States developer, for details. Is this too good to be true? - decide for yourself.[/p][/quote]I believe the Americans tried to follow Rossi's Cold Fusion idea and could not make it work,mind you they could not build a super-sonic passenger plane either. This morning I have heard several politicians saying HPC will lead to cheaper electricity bills.Can someone explain how paying twice as much makes things cheaper?[/p][/quote]Old story. The swedish of the Elförsk electric industry research consortium succeeded. They are making additional test... it will take a semester at least... There are greek in the city of vancouver (Defkalion) with a probably better reactor. and guys from Stanford (Brillouin) running behind, followed by Lenuco, ST Micro, LENR-cars, Kresenn,Nichenergy.. . I have made an executive summary: look for lenr-summary-for-pol icy-makers on lenrnews eu . Things are harder than imagined, because reality is always more complex than Hollywood scenarios.[/p][/quote]So are you confirming that the new cold-fusion LENR nickel-hydrogen powered reactors do actually work?. Can it really be that no-one told Cammy about this?. Lord Gothover

10:32pm Mon 21 Oct 13

MINIME2 says...

Jobs ! What jobs ? I remember going to a consultation meeting and when someone asked about jobs the response was that 90% of the work force would be skilled people taken from their other sites . How much will unemployment be reduced in Bridgwater ? not a lot .
Jobs ! What jobs ? I remember going to a consultation meeting and when someone asked about jobs the response was that 90% of the work force would be skilled people taken from their other sites . How much will unemployment be reduced in Bridgwater ? not a lot . MINIME2

6:51am Tue 22 Oct 13

Samej1 says...

MINIME2 wrote:
Jobs ! What jobs ? I remember going to a consultation meeting and when someone asked about jobs the response was that 90% of the work force would be skilled people taken from their other sites . How much will unemployment be reduced in Bridgwater ? not a lot .
Whilst I agree with you about the construction/enginee
ring jobs, I do think there will be a large upturn in service/supply jobs to keep the project and it's contractors fed/watered/supplied and so on. Ultimately not 'legacy' jobs but if enough money feeds into the local economy that way there's a chance that we could see lots of investment in the area.
[quote][p][bold]MINIME2[/bold] wrote: Jobs ! What jobs ? I remember going to a consultation meeting and when someone asked about jobs the response was that 90% of the work force would be skilled people taken from their other sites . How much will unemployment be reduced in Bridgwater ? not a lot .[/p][/quote]Whilst I agree with you about the construction/enginee ring jobs, I do think there will be a large upturn in service/supply jobs to keep the project and it's contractors fed/watered/supplied and so on. Ultimately not 'legacy' jobs but if enough money feeds into the local economy that way there's a chance that we could see lots of investment in the area. Samej1

3:23pm Wed 23 Oct 13

Somerset.SocialistParty says...

An estimated 7,000 pensioners died between December 2011 and March 2012 because their homes were too cold. 6.7% of the population live in fuel poverty - up 50% since 2010.

Meanwhile ten million SSE customers face an average 8.2% rise in their fuel bills - three times the rate of inflation. And this follows 9% last year. The rise in the South East is 9.7%.

Average fuel bills could hit £1,465. In 2004 the average was just £525. This is against a background of pay cuts, pay freezes and benefit cuts.

"We're sorry" said SSE's boss Will Morris.

SSE recently reported profits of £1.4 billion, up 5.6% on last year. £515 million was paid out in dividends and SSE has repeated its promise of an above inflation rise in dividends this year.

Three top directors at the company received more than £6 million in pay and perks last year, including £2.6 million to chief executive Ian Marchant. He recently stepped down with a £10.4 million pension and £4.8 million in shares.

Earlier this year SSE was ordered to pay £10.5 million by regulator Ofgem for conning customers into thinking they were on the cheapest tariffs.

"I'm disappointed" says government minister Michael Fallon. His advice: "Change supplier." So, as expected, nothing to do with me guv, you're responsible. Isn't every commentator predicting the other companies will do the same?

SSE has blamed "green taxes". But that accounts for less than a fifth of the rise and most of that goes to help poorer families with insulation according to Lord Green who wrote the review of climate change economics.

The government is about to announce a long-term price support deal for EDF's planned Hinkley C nuclear power station.

The price is reported to be roughly double the current market rate for electricity, and is locked in for 35 years.

We're 'sorry' and 'disappointed' too. But not half as sorry and disappointed as these gangsters will be when the whole of the energy industry is democratically nationalised.
For more info or to join the Socialist Party, visit: www.socialistparty.o
rg.uk
An estimated 7,000 pensioners died between December 2011 and March 2012 because their homes were too cold. 6.7% of the population live in fuel poverty - up 50% since 2010. Meanwhile ten million SSE customers face an average 8.2% rise in their fuel bills - three times the rate of inflation. And this follows 9% last year. The rise in the South East is 9.7%. Average fuel bills could hit £1,465. In 2004 the average was just £525. This is against a background of pay cuts, pay freezes and benefit cuts. "We're sorry" said SSE's boss Will Morris. SSE recently reported profits of £1.4 billion, up 5.6% on last year. £515 million was paid out in dividends and SSE has repeated its promise of an above inflation rise in dividends this year. Three top directors at the company received more than £6 million in pay and perks last year, including £2.6 million to chief executive Ian Marchant. He recently stepped down with a £10.4 million pension and £4.8 million in shares. Earlier this year SSE was ordered to pay £10.5 million by regulator Ofgem for conning customers into thinking they were on the cheapest tariffs. "I'm disappointed" says government minister Michael Fallon. His advice: "Change supplier." So, as expected, nothing to do with me guv, you're responsible. Isn't every commentator predicting the other companies will do the same? SSE has blamed "green taxes". But that accounts for less than a fifth of the rise and most of that goes to help poorer families with insulation according to Lord Green who wrote the review of climate change economics. The government is about to announce a long-term price support deal for EDF's planned Hinkley C nuclear power station. The price is reported to be roughly double the current market rate for electricity, and is locked in for 35 years. We're 'sorry' and 'disappointed' too. But not half as sorry and disappointed as these gangsters will be when the whole of the energy industry is democratically nationalised. For more info or to join the Socialist Party, visit: www.socialistparty.o rg.uk Somerset.SocialistParty

6:34pm Wed 23 Oct 13

the voice of common sense says...

There is only one group to blame for us being held to ransom by the french or the Chinese and that is the tory government who flogged off everything in the eighties and nineties to fund the mirage that they were a tax cutting government who knew what they were doing, of course they did, the whole of British infrastructure was handed over to the spivs to make a quick killing and create an illusion that we were a prosperous country riding on the crest of the wave with st. thatcher at the helm. What a bunch of conmen (and women, we mustn't forget our glorious leader of the day)

If our infrastructure hadn't been sold off we would still be world leaders, in this case , of nuclear technology rather than being the victims of the whims of the market as to what price our old and sick will have to pay in order to keep warm in the winters to come.

At a price of 50 billion and rising, what a complete waste of public money HS2 is going to be, the money that is proposed to be spent to bring Birmingham closer to London by 10 minutes would fund 5 British built and owned nuclear power stations rather than us being beholden to other countries.

The only thing that hasn't been mentioned yet is the clear up costs after Hinkley C has run its life. There is no prize for guessing who will pick up the bill for this. Interestingly when nuclear energy was flogged off on the cheap the de-commissioning was kept for us to pay for through our electric bills. Aint't life grand for some and not so good for the rest.

I'm sorry if I've gone on a bit and reiterated what others have posted, but I think it all needed to be said, and remember who left us in this state in the first place by selling CEGB
There is only one group to blame for us being held to ransom by the french or the Chinese and that is the tory government who flogged off everything in the eighties and nineties to fund the mirage that they were a tax cutting government who knew what they were doing, of course they did, the whole of British infrastructure was handed over to the spivs to make a quick killing and create an illusion that we were a prosperous country riding on the crest of the wave with st. thatcher at the helm. What a bunch of conmen (and women, we mustn't forget our glorious leader of the day) If our infrastructure hadn't been sold off we would still be world leaders, in this case , of nuclear technology rather than being the victims of the whims of the market as to what price our old and sick will have to pay in order to keep warm in the winters to come. At a price of 50 billion and rising, what a complete waste of public money HS2 is going to be, the money that is proposed to be spent to bring Birmingham closer to London by 10 minutes would fund 5 British built and owned nuclear power stations rather than us being beholden to other countries. The only thing that hasn't been mentioned yet is the clear up costs after Hinkley C has run its life. There is no prize for guessing who will pick up the bill for this. Interestingly when nuclear energy was flogged off on the cheap the de-commissioning was kept for us to pay for through our electric bills. Aint't life grand for some and not so good for the rest. I'm sorry if I've gone on a bit and reiterated what others have posted, but I think it all needed to be said, and remember who left us in this state in the first place by selling CEGB the voice of common sense

7:25pm Wed 23 Oct 13

bts73 says...

hinkley 'c' - a big day for cancer !
hinkley 'c' - a big day for cancer ! bts73

9:12am Thu 24 Oct 13

awayswing says...

the voice of common sense wrote:
There is only one group to blame for us being held to ransom by the french or the Chinese and that is the tory government who flogged off everything in the eighties and nineties to fund the mirage that they were a tax cutting government who knew what they were doing, of course they did, the whole of British infrastructure was handed over to the spivs to make a quick killing and create an illusion that we were a prosperous country riding on the crest of the wave with st. thatcher at the helm. What a bunch of conmen (and women, we mustn't forget our glorious leader of the day)

If our infrastructure hadn't been sold off we would still be world leaders, in this case , of nuclear technology rather than being the victims of the whims of the market as to what price our old and sick will have to pay in order to keep warm in the winters to come.

At a price of 50 billion and rising, what a complete waste of public money HS2 is going to be, the money that is proposed to be spent to bring Birmingham closer to London by 10 minutes would fund 5 British built and owned nuclear power stations rather than us being beholden to other countries.

The only thing that hasn't been mentioned yet is the clear up costs after Hinkley C has run its life. There is no prize for guessing who will pick up the bill for this. Interestingly when nuclear energy was flogged off on the cheap the de-commissioning was kept for us to pay for through our electric bills. Aint't life grand for some and not so good for the rest.

I'm sorry if I've gone on a bit and reiterated what others have posted, but I think it all needed to be said, and remember who left us in this state in the first place by selling CEGB
I could not agree more.Incidentally I tied to click on the thumbs up but nothing happened.I wonder how many others have tried to agree with you but have been unable to.
[quote][p][bold]the voice of common sense[/bold] wrote: There is only one group to blame for us being held to ransom by the french or the Chinese and that is the tory government who flogged off everything in the eighties and nineties to fund the mirage that they were a tax cutting government who knew what they were doing, of course they did, the whole of British infrastructure was handed over to the spivs to make a quick killing and create an illusion that we were a prosperous country riding on the crest of the wave with st. thatcher at the helm. What a bunch of conmen (and women, we mustn't forget our glorious leader of the day) If our infrastructure hadn't been sold off we would still be world leaders, in this case , of nuclear technology rather than being the victims of the whims of the market as to what price our old and sick will have to pay in order to keep warm in the winters to come. At a price of 50 billion and rising, what a complete waste of public money HS2 is going to be, the money that is proposed to be spent to bring Birmingham closer to London by 10 minutes would fund 5 British built and owned nuclear power stations rather than us being beholden to other countries. The only thing that hasn't been mentioned yet is the clear up costs after Hinkley C has run its life. There is no prize for guessing who will pick up the bill for this. Interestingly when nuclear energy was flogged off on the cheap the de-commissioning was kept for us to pay for through our electric bills. Aint't life grand for some and not so good for the rest. I'm sorry if I've gone on a bit and reiterated what others have posted, but I think it all needed to be said, and remember who left us in this state in the first place by selling CEGB[/p][/quote]I could not agree more.Incidentally I tied to click on the thumbs up but nothing happened.I wonder how many others have tried to agree with you but have been unable to. awayswing
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