Hinkley Point C Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Matthew Pennycook
Main Page: Matthew Pennycook (Labour - Greenwich and Woolwich)Department Debates - View all Matthew Pennycook's debates with the Department for Business, Energy and Industrial Strategy
(7 years, 7 months ago)
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Greg Clark
Indeed, and I would be happy to visit my hon. Friend’s constituency see the production facilities for myself.
Matthew Pennycook (Greenwich and Woolwich) (Lab)
I very much welcome the review, but I am astonished that a review of the strike price was not part of it. The strike price will rise to close to £120 per MWh by the mid-2020s, and it will rise with inflation thereafter. Will the Secretary of State tell us whether a serious examination of the cost and value for money for bill payers was part of the review?
Greg Clark
Of course we looked at every component part. To construct a new nuclear power station, the first for generation in this country, at no risk to the taxpayer or the bill payer is a considerable achievement and represents good value.