Written questions, answers and statements

Hinkley Point C Power Station

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Question for Department for Energy and Climate Change

UIN 33352, tabled on 11 April 2016

Question

Ms Margaret Ritchie
Social Democratic & Labour Party
South Down
Commons

To ask the Secretary of State for Energy and Climate Change, what her most recent estimate is of the total cost to the public purse of the Hinkley Point C project.

This answer is the replacement for a previous holding answer.

Answer

Andrea Leadsom
Conservative
South Northamptonshire
Commons

Answered on

15 April 2016

In October 2015 the Government laid a minute before Parliament setting out at a high level the terms of the agreement reached with EDF in respect of the Hinkley Point C power plant:

http://qna.files.parliament.uk/qna-attachments/425357%5Coriginal%5C20151021%20Minute%20to%20Parliament%20HPC%20contingent%20liabilities.docx

As noted in the minute, payments under the Contracts for Difference (CfD), like all other CfDs, would be funded through the Supplier Obligation and would be in the range of £4bn to £19bn depending on the level of future wholesale prices and operating costs. Under the CfD, consumers won’t start paying until the plant is powering their homes and businesses with electricity, expected to be 2025.

Answered by

Department for Energy and Climate Change
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