Hitachi U.K. Nuclear Plant Should Get Less Than EDF, Panel Says
- EDF’s Hinkley Point is set for $39 billion of future subsidies
- Hinkley secured guaranteed power price at twice current rate
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Hitachi Ltd. should be paid less for the power from its planned nuclear plant in North Wales than Electricite de France SA has been promised for reactors in western England, a panel of U.K. lawmakers said, seeking to keep a lid on energy prices paid by consumers.
The government should also ensure the cost of the Wylfa Newydd project by Hitachi’s Horizon unit is competitive with renewable-power plants such as onshore wind farms, the cross-party Welsh Affairs Committee said Tuesday in an e-mailed report. The lawmakers called for a “clear and comprehensible explanation” of the lifetime costs of the 2.7-gigawatt project and for a “demonstrable benefit” to the local community.