Hinkley Point C

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http://www.bbc.co.uk/news/uk-england-somerset-34306997

Chancellor George Osborne has announced that the UK will guarantee a £2bn deal under which China will invest in the Hinkley Point nuclear power station.

Mr Osborne, who is in China, said the deal would pave the way for a final investment decision on the delayed project by French energy company EDF.
He said it would also enable greater collaboration between Britain and China on the construction of nuclear plants.

Reports suggest one such reactor could be built at Bradwell-on-Sea in Essex.
Energy Secretary Amber Rudd told the Financial Times she wanted Beijing to take the lead in developing new nuclear plants in Britain.

She said China was expected to lead the construction of a Beijing-designed nuclear station at the Essex site.

As I understand it, the reactor type being proposed is more expensive and complex than other designs too.

We are also going to pay EDF £89.50 per MW/hr for 35 years.

Is it just me or does this deal stink for the UK, private foreign companies and governments are having their investment underwritten by the state while simultaneously offering double the going rate for the price of electricity to a French Company.
 
It is a bad deal, but that's the price of privatising the utility sector. There has to be a big enough profit margin in it for the operator to justify the costs and investment involved in a new nuclear power plant. If it was state run, it wouldn't matter if it only just broke even.
 
http://www.bbc.co.uk/news/uk-england-somerset-34306997



As I understand it, the reactor type being proposed is more expensive and complex than other designs too.

We are also going to pay EDF £89.50 per MW/hr for 35 years.

Is it just me or does this deal stink for the UK, private foreign companies and governments are having their investment underwritten by the state while simultaneously offering double the going rate for the price of electricity to a French Company.

Is there another option though? The situation is far from ideal, but I'm guessing without the government underwriting it the plans wouldn't go ahead. If you're looking at the bigger picture of greenhouse emissions and power generation capacity it's probably a price we have to pay.
 
http://www.bbc.co.uk/news/uk-england-somerset-34306997



As I understand it, the reactor type being proposed is more expensive and complex than other designs too.

Depends which articles you read/believe.

The EPR has been called "unconstructable".

The alternative, the Westinghouse-derived AP1000 is also facing large delays and cost overruns in China.

Who would have thought building a nuclear reactor was so difficult? /s
 
Is it just me or does this deal stink for the UK, private foreign companies and governments are having their investment underwritten by the state while simultaneously offering double the going rate for the price of electricity to a French Company.
That's the price of private investment - higher cost. Anyway, the country needs clean stable electricity generation.
 
Why doesn't the state build it then?

The capital costs are a significant part of the costs of nuclear electricity. However, if the government takes over responsibility for new build, it then takes more of the risks, which may in the long run be more expensive.
Also, the EU state aid rules mean the government could find itself trouble with the European Commission if it decided to support the nuclear industry over all other energy generators.

It's worth noting the agreed EDF £89.50 per MW/hr for 35 years is not a subsidy, it's a 'Strike' price. Meaning if wholesale prices go above the strike price, then the consumer benefits.
 
It's worth noting the agreed EDF £89.50 per MW/hr for 35 years is not a subsidy, it's a 'Strike' price. Meaning if wholesale prices go above the strike price, then the consumer benefits.

Or EDF find a way to welch on its obligations and walk away leaving the government to pickup the pieces.
 
Only we could have the nerve to put it within a few miles of the capital. Why not put it up north somewhere at least it would provide some more jobs up that way.
 
Some clarification for the uninitiated:

The French European Pressurised Reactor (EPR) is a very complex design and is facing delays at all places it is being built: Flammenville, Oikulito and elsewhere. This is what EDF want to build at Hinkley Point C, and a sister station at Sizewell C. Both stations will be identical to each other, and identical still to the other EPR stations under construction elsewhere.

The American AP1000 is undergoing the general design assessment (GDA) by the UK government. Originally Horizon Nuclear Power were considering this type of reactor for their sites at Wylfa and Oldbury. But this got canned when Horizon Nuclear Power were bought out by the Japanese firm Hitachi. The new reactors being considered now are the ABWR - Advanced Boiling Water Reactor. It's a simpler design to the EPR, and a big advancement from the standard BWR used across Japan (Fukishima was a type of BWR).

NuGen, are a consortium between Toshiba and ENGIE (formerly GDF SUEZ). They own a site directly adjacent to Sellafield called Moorside. The reactor type they are considering the the American Westinghouse AP1000. Why the AP1000? Well Toshiba own a 80+ % controlling stake in Wesntingouse so it makes sense to use a in house reactor design. It's a very very passive reactor design, but is also facing delays in other places it is being built. Due to the unique location (next to Sellafield) UK scientists and engineers are actually trying to convince NuGen to use a fast breeder reactor, called a PRISM reactor, designed by GE-Hitachi, to use our very large plutonium reserves as fuel (hint: plutonium is a fantastic fuel for nuclear reactors).

Lastly, in exchange for Chinese input into EDF's plans at Hinkley and Sizewell, a Chinese firm has won rights to the nuclear licensed site at Bradwell, in Essex. They aim to construct their version of the pressurised water reactor (PWR). This is big news for China. Why? So far they haven't been able to export their PWR design out of local markets (China, Pakistan) and into the Western market. If they do so then they are one of six countries that are able to export reactor designs.

Why is all of what I'm saying important? Geopolitics. With emissions targets to reach many governments around the world are keen to build nuclear plants as a solution to high energy demand and low emissions needs. That's great for reactor export countries like USA, France, India, China, Japan, Canada. Where does that put the UK? In a very interesting position. We will essentially have a service based nuclear economy, with our nuclear scientists and engineers providing expertise around the world due to our diverse nuclear mix. The National Nuclear Laboratory (tax payer funded) already put out some amazing work.
 
Only we could have the nerve to put it within a few miles of the capital. Why not put it up north somewhere at least it would provide some more jobs up that way.
There are new build Nuclear power stations up North (Sellafield, Moorside), only the people there are complaining about over head pylons destroying AONB views.

Anyway - you know the location of Hinkley Point C right ???!?! For clarification, bottom left :p

21437878199_fca661fd6e_o.gif
 
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Do we not have the skills to build them?

Not any more! And that is the problem.

Had Thatcher kept her nerve in the 80's we would have a whole fleet of Sizewell "B"s by now, they would have been cheap (the first one is always the most expensive, if you build 20 to the same design the "N"th of a kind cost comes right down)

We would be paying half (or less) the price for our electricity and we would have an active domestic nuclear industry capable of moving on into the future!

As it is....! :(
 
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