EnergyWatch

Crippling criticism aimed at planned British nuclear plant

A new nuclear power plant slated for the British county of Somerset will be extremely costly for generations of British electricity consumers, says a new report.

The huge nuclear power project Hinkley Point is in every way a bad deal for British consumers, concludes a highly critical report from the British National Audit Office.

Not only are the finances of the planned nuclear power plant in a poor state, the hardship is also worsened by the UK's decision to leave the EU, which pose the risk of further problems for the EU. Behind the construction of the nuclear power plant is French EDF, and if the Brexit negotiations lead to negative impacts on the project's economy for EDF, then the French company could seek out further compensation from British consumers.

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