To ask the Secretary of State for Energy and Climate Change, what the anticipated date is for the Hinkley Point C reactor to start transmitting electricity to the National Grid; and whether the proposed contract for that reactor includes punitive measures for delay beyond that date.
13 April 2016
EDF have said that they expect Hinkley Point C to start generating electricity in 2025. The Contracts for Difference (CfD) payment term in the proposed contract is 35 years with a target commissioning date of 2025 for each reactor. The target commissioning window for each reactor is four years from its target commissioning date (subject to Force Majeure). In the event that either reactor is not commissioned by the end of its target commissioning window, the CfD payment term for that reactor is shortened commensurately for each day of delay through to the long stop date. If neither reactor has been commissioned by four years after the last day of the target commissioning window for reactor 2 i.e. November 2033 (the longstop date), the Low Carbon Contracts Company (LCCC) has the option to terminate the contract.