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Price for energy crucial as Hinkley C deadline draws near
EDF Energy says getting a decent price from the Government for its electricity remains the last piece of the jigsaw to ensure that Hinkley C goes ahead.
The firm remained tight-lipped this week about national media reports that it has asked the Treasury to underwrite its new nuclear project following the withdrawal of a major backer, Centrica.
However, EDF referred to previous comments from its chief executive, Vincent de Rivaz, on talks with the Government on the Contract for Difference – a guaranteed price the firm will receive for its energy throughout the lifetime of its nuclear power stations.
Mr de Rivaz said: “This Contract for Difference is now more than ever the key to attracting investors and to unlock the funding for this project, which will give the UK the secure, low carbon energy it needs for the future.”
The Mercury understands the CFD is unlikely to be agreed before March 19, the cut-off point by which time Energy Secretary Ed Davey will have announced whether or not Hinkley C has planning approval.
A Treasury spokesman declined to comment on any negotiations with EDF, but did say the Government’s UK Guarantee Scheme, launched last year, was available to help kick-start major infrastructure projects.
Meanwhile, Sedgemoor District Council has written to organisations in Somerset which will play a part in the construction of Hinkley C.
Council leader Duncan McGinty said: “We are keen that if the go-ahead is given we can get on with it as soon as possible and ensure there are no delays or blockages preventing this vitally important project from being finished on time.”