;)
Peter Atherton of Liberum Capital has written another devastating takedown of coalition energy policy, this time focused on the Hinkley point deal.
Although we have yet to see the full terms of the contract (and we may never do so), based on the disclosure so far this looks likely to be an outstanding deal for Edf and it s partners. Once again, the UK government is taking a massive bet that fossil fuel prices will be extremely high in the future. If that bet proves to be wrong then this contract will look economically insane when HPC commissions. We are frankly staggered that the UK government thinks it is appropriate to take such a bet and under-write the economics of any power station that costs £5m per MW and takes 9 years to build.