Hinkley Point C Power Station:Written question - 33352

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Asked on: 11 April 2016
Department for Energy and Climate Change
Hinkley Point C Power Station
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.
A
Answered by: Andrea Leadsom
Answered on: 15 April 2016
Holding answer received on 14 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.

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