Yesterday’s agreement between the French state-owned company EDF and the UK Government regarding the ‘strike price’ for the electricity that will be generated by Hinkley C should be welcomed by everybody who cares about our environment, our economy and the security of our energy supplies.
It’s taken three political parties, three Prime Ministers and two governments eight years to reach this point. Over this period, David Cameron has gone from espousing an investment-deterring policy of nuclear generation as ‘a last resort’ to welcoming the environmental and economic benefits of the industry in the shape of the deal that should pave the way for the construction of Britain’s first new nuclear reactor for a generation.
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As someone involved with the development of the pro-nuclear energy policy developed by the last Labour government and largely retained by the Coalition, I know that any effective nuclear programme in the UK requires a deep and lasting political consensus.
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