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

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Summary

  • 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

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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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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?
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

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
  • Score: 0

7:25pm Wed 23 Oct 13

bts73 says...

hinkley 'c' - a big day for cancer !
hinkley 'c' - a big day for cancer ! bts73
  • Score: 0

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
  • Score: 0
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