If you think that the government's deal for Hinckley point was the ultimate in state insanity, think again. A week or so ago, the FT reported on a bid by a Gloucester company to create a massive tidal power station in Swansea bay. A similar report appeared in the Telegraph on Monday.
The interesting detail that the FT got, but which the Telegraph overlooked, was this:
The company wants a “strike price” of £168 per megawatt hour, compared with the £92.50 offered to EDF for Hinkley Point.
Words simply fail me.