I was going to write something about GM which has been in the news with two or three small stories this week.\u00a0 However, a post Andy has written will go up tomorrow and this has some relevance to that debate and I intend to blog on this in the near future.<\/p>\n
There has been some more news on the proposed new nuclear power station at Hinckley point this week.\u00a0 On the face of it the deal looks close to collapse.\u00a0 EDF originally said they could build new nuclear without subsidy in 2007\/8.\u00a0 Since then things have steadily changed.\u00a0 Now they want consumers to pay 10p\/unit for 40 years, the treasury wants nearer 8p (both are way over the wholesale price of electricity).\u00a0 There are also rumours of other demands, such as money for electricity they could have produced and some kind of guarantee that if a future government changes its mind they will get compensation.\u00a0 There are also murmurs that the government would stump up cash if there are cost overruns (very likely).\u00a0 At the moment the latest rumours are that the Chinese might come in.\u00a0 Some people are very unhappy about this for security reasons.\u00a0 Another rumour doing the rounds is that even if Hinckley C gets the go-ahead this will be the only one.\u00a0 Meanwhile my solar system gets 25 years of FIT, and new systems 20.\u00a0 In 5 years PV and on-shore wind won’t need any subsidy.\u00a0 Nuclear always will.<\/p>\n
Neil<\/p>\n","protected":false},"excerpt":{"rendered":"
I was going to write something about GM which has been in the news with two or three small stories this week.\u00a0 However, a post Andy has written will go up tomorrow and this has some relevance to that debate … Continue reading