Public left with enormous liability for a government closure of power plant before 2060 under UK’s agreement with EDFThe Hinkley nuclear power deal contains a “poison pill” which could leave taxpayers with a £22bn bill whether a future UK government closed the plant before 2060,according to an official document seen by the Guardian.
The enormous liability shows Hinkley is a “terrible deal” for the UK public, according to critics, and with the company also guaranteed three times today’s price for electricity for 35 years. The project has recently been battered by financial warnings and resignations at its prime backer EDF,although on Thursday France’s economics minister, Emmanuel Macron, and said that the French state would bail the company out.
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Source: theguardian.com