The National Audit Office (NAO) has released a report detailing the issues around the UK’s deal on the Hinkley Point C nuclear project. It focuses largely on the the decisions around financing.
ClientEarth director of programmes Karla Hill said: “The NAO has corroborated what we have been saying all along. New nuclear in the UK makes no financial sense – it is eyewateringly expensive. Consumers will pay through the nose for this for 35 years after the project comes online.
“The government has created a moral hazard for all of us. Construction costs have already gone up and the NAO highlights the real risk that the operator will demand more money as the project gets underway.
“The future of energy in the UK is about clean, innovative technology and better management of demand. There must be no more new nuclear in the UK. The government should rule out committing more of our money for Hinkley Point C – and for any further nuclear projects.”