Competitive insanity
Feb 12, 2015
Bishop Hill in Energy: other

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.

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