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The world's most expensive power station? Liberum's Atherton in The Spectator

20 February 2014 | Mentions of Liberum

"A clear case of socialising risks and privatising profits." So writes Liberum Utilities Analyst Peter Atherton in today's (20 Feb, 2014) Spectator magazine. That's his assessment of the UK government's agreement with France's EdF to build two new nuclear reactors at Hinkley Point.Spectator Image

In the article, Peter describes the contract as "one of the worst ever signed by a British government". Why? A cost of £8 billion per reactor, a nine-year construction time and an index-linked power price that suggests EdF could receive as much as £150 per megawatt/hour by 2030 (seven years after the reactors are due to be completed) compared with today's wholesale price of £50/MWh.

Click here for The Spectator article >>

Liberum will be sponsoring a new Spectator power conference in September this year, ahead of the May 2015 General Election.

Email Peter Atherton (below) >>

Peter Atherton