Alternative Fuels

Hinkley Point C cost could reach £50 bln

The planned Hinkley Point C nuclear power plant could cost consumers £50 billion over the life of the project.
By Staff reporter 19 July 2017 0 26838

The planned Hinkley Point C nuclear power plant could cost consumers £50 billion ($57.7 billion) over the life of the project, according to new figures from the UK government released on Tuesday. 

The new figure is more than eight times the £6 billion cost estimated in 2013. The surge has been caused by a decline in electricity prices as a result of the growth of renewable energy in the UK and the global crash in oil and gas prices. 

The cost of Hinkley C was estimated at...