Agreement on 'strike price' brings Hinkley Point C in Somerset closer to reality (From Chard & Ilminster News)
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Agreement on 'strike price' brings Hinkley Point C in Somerset closer to reality
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- 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
I'm starting a petition about the Hinkley C Nuclear Power Plant in Somerset (Right on my doorstep) Whose with me comrades? #YesScotland— @RevStupid 21 October 2013
SEDGEMOOR District Council has produced this video emphasising the importance of community benefit to the district from Hinkley.
11:48am Mon 21 Oct 13
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!
Ed Davey insists Hinkley deal is good for consumers...strike price falls by 3p if EDF also builds at Sizewell— @BobConstantine 21 October 2013
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."
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".
25,000 jobs are going to be created by hinkley I want local people & businesses in Somerset to be the benefit of these #hinkley— @cllrjaybaker 21 October 2013
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."
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".
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.”
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."
A clean, home-grown source of #electricity, which will reduce the UK’s #emissions by 9m tonnes of CO2 per year. #Hinkley #Nuclear— @DECCgovuk 21 October 2013
And the only British companies with contracts for Hinkley C are civil engineering. This does nothing — worse than nothing – for UK tech base— @Stu_N 21 October 2013
BRIDGWATER 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."
RT @David_Cameron: A landmark in our economic growth plan - Hinkley nuclear power plant means billions in investment, thousands of jobs and…— @TamaraKoreschjr 21 October 2013
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.”
90Mt lifetime #carbon saved by #Hinkley nuclear station when started in 2023, generating 7% of UK #electricity but at double todays prices— @bssecLtd 21 October 2013
Taxpayer subsidising the kick start new UK nuclear plant (Hinkley Point C) with agreed strike price above renewables?! Who voted for that?— @RipeAvo 21 October 2013
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.”
That was good news to wake up to for Somerset and Bridgwater, Hinkley Point C is the future and i am glad more growth for my home area.— @TomSingleton4 21 October 2013
Bridgwater will change greatly again as a result of the @edfehinkleyc agreement. But it has changed many times in the past 800+ years.— @BridgwaterH 21 October 2013
The deputy leader of Somerset County Council says today's announcement on Hinkley C will give a "big lift" to the local economy.— @bbcsomerset 21 October 2013
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.”
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.”
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."
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.”
THIS is how Hinkley C should look.
IT comes just days after the Chancellor, George Osborne, agreed to let Chinese investors be involved in the project.
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.