Question

To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the unit cost of electricity from the planned Hinkley Point C nuclear power plant.

The Government and EDF agreed a Strike Price of £89.50/MWh (in 2012 prices) fully indexed to the Consumer Price Index in October 2013. The price benefits from upfront reduction of £3/MWh built in on assumption that EDF will be able to share first of a kind costs of EPR reactors across Hinkley Point C and Sizewell C sites. If the final investment decision is not taken on Sizewell C, the Strike Price for Hinkley Point C will be £92.50/MWh.

The UK Government and EDF are working together to finalise the documentation for the Hinkley Point C project.