Hinkley nuclear project gets go ahead as EDF discusses pricing

FRENCH energy giant EDF yesterday said it was in “intensive discussions” with the government to agree a price for the electricity it generates from the Hinkley Point C project in Somerset, as planning consent was granted for the construction of the nuclear plant.

Hinkley Point – to be operated by NNB Generation – will be the first new nuclear power station in the UK since Sizewell in Suffolk was opened in 1995.

EDF chief executive Vincent de Rivaz yesterday warned that it would need to “reach agreement swiftly” on the Contract for Difference – the guaranteed price it receives from the electricity it generates – to offer a “fair and balanced deal for consumers and investors”, adding that a price agreement was still possible.

When operational, the project is expected to generate enough electricity to power the equivalent of 5m households.