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Hinkley C expected to get the go-ahead today
7:00am Tuesday 19th March 2013 in News
BRIDGWATER is braced for a “momentous day” with the Government almost certain to give the all-clear for Hinkley C this afternoon.
Energy Secretary Ed Davey will make a statement in the House of Commons, probably between 12.30pm and 2pm, in which he is widely expected to give EDF Energy the go-ahead to build a third nuclear power station at Hinkley Point.
Gordon Bell, EDF Energy spokesman, said: “Today is a key milestone for EDF Energy's plans. We are confident that the project is needed for the UK and would unlock huge investment locally.”
“This is a momentous day for Bridgwater.”
There has also been increasing speculation that today could see a crucial announcement on the so-called 'strike price' - a guaranteed price EDF Energy will receive for the energy it produces at Hinkley C during its lifetime.
This is contentious because the rumoured figure, somewhere near £100 per megawatt hour, is far higher than the current market price.
EDF has been holding out for a sum which it feels reflects the long-term reliability of nuclear power and one which is high enough to attract investors.
Mr Liddell-Grainger does not believe Mr Davey will make an announcement on the strike price today, but believes it will come in a matter of weeks, rather than months.
He said: “The Treasury and EDF were still in negotiations over the weekend.
“The two sides are not as far apart as the media would have us believe but they're not quite there yet.
“There's some sensitivity because EDF want to get on with it but it's better to take an extra couple of weeks to get it right rather than have a problem in 35 years.”
This website will carry all the developments today as they happen.