Hinkley was bollocks because the strike price was that high. If we don't agree to stupid strike prices (ie £60 per mwh) then its not a disaster. Even at £60 profitability is inside 12 years.
Unless we start building generation capacity, then the wholesale price will go up as time goes on. Or as new renewable come on line, we'll get even more price fluctuations.
it doesn't take many of these to even out pricing.
Because of the way that the finance was structured. from my understanding it was because the government didn't want to shoulder any risk (or reward) from this.
Hinkley was bollocks because the strike price was that high. If we don't agree to stupid strike prices (ie £60 per mwh) then its not a disaster. Even at £60 profitability is inside 12 years.
Unless we start building generation capacity, then the wholesale price will go up as time goes on. Or as new renewable come on line, we'll get even more price fluctuations.
it doesn't take many of these to even out pricing.