And here's an example of nuclear power pricing in the UK from the new Hinkley Point C power station.
" According to December 2017 estimates, Hinkley is being built for £20.3bn by 2025, to be paid over a 35 year period.[10] It was reported that two firms could already build wind turbines for £57.50 per megawatt hour for 2022-23, while Hinkley's costs would mean £92.50 per megawatt hour, not generated for at least two years later.[11] "
92.5 pounds. Or about $171 Au and rising over the next 35 years !
This is being built by a French company EDF Nuclear energy generation.
" EDF has negotiated a guaranteed fixed price – a "strike price"– for electricity from Hinkley Point C of £92.50/MWh (in 2012 prices),[23][70] which will be adjusted (linked to inflation) during the construction period and over the subsequent 35 years tariff period. "
35 year period of rising tariffs ? The gift that keeps on giving.
Have a read of the whole thing. Talk about sobering reading.
