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Hinkley Point C Power Station: Finance

Question for Department for Energy and Climate Change

UIN 15589, tabled on 9 November 2015

To ask the Secretary of State for Energy and Climate Change, whether the amount of £4 to £19 billion referred to in her Departmental Minute of 21 October 2015 as the total support to HPC is (a) the actual total cash amount or (b) the present value of the total cash amount of the support to be paid to EDF.

Answered on

16 November 2015

Total support to HPC through the Contracts for Difference (CfD) is expected to be in the range of £4bn to £19bn (real 2012 prices, discounted to 2012) depending on the level of future wholesale prices. The Department has presented discounted figures for these costs to consumers relating to support payments for Hinkley Point C based on guidance set out in The Green Book published by HM Treasury.

Answered by

Department for Energy and Climate Change