Hinkley Point

Barry Gardiner Excerpts

Tuesday 19th March 2013 Commons Chamber

[Mr Davey]

I agree with my hon. Friend. Many people—not only in the nuclear industry, but in the low-carbon energy sector generally—will see the statement as a key moment and welcome the boost to confidence more broadly. He has been a doughty champion for Dungeness. He and I have already met formally and talked about the work that he wishes to do locally, and I encourage him to keep going.

[Barry Gardiner (Brent North) (Lab)]

I welcome the Secretary of State’s announcement. I visited Hinkley in November as part of the Select Committee visit and was most impressed by the arguments for community benefit, of which he has spoken. However, he rightly said that this is not the end. I do not wish to press him on the strike price—I understand that those matters are commercial—but will he at least acknowledge two principles? First, the strike price will be based on the construction costs. Therefore, will he incorporate a clawback into the formula, should those costs be overestimated? Secondly, does he accept that Jean-Paul Chanteguet, Chairman of the Select Committee in the French Parliament, has said that Flamanville, on which Hinkley is based, will be producing at €72 per MW, and that that must, in anybody’s account, form the baseline for assessment of the negotiations in which the Secretary of State is engaged?

[Mr Davey]

I pay tribute to the hon. Gentleman and the other Select Committee members who have not only grilled me on this and other issues but made inquiries into the matter and been generally supportive. On the details of negotiations, clawbacks and the actual price, I am afraid that I must disappoint him; I will not be drawn on those. We are determined to get a price that represents value for money, that is fair and affordable and that bears scrutiny.