Monday, 7 March 2016
Will Hinkley C go ahead? And if not, where does it leave UK generation policy?
Today the Chief Financial Officer of EDF resigned, highlighting the extraordinary distortion of EDF's business that the Hinkley project would cause.
It would involve EDFselling off other assets,and restructuring share ownership, to pursue a commercially questionable project dependent on UK Government and Chinese support.
But without Hinkley C we will need either
- an expansion of gas fired CCGT stations, with the carbon and supply risks that entails
- or a behavioural change by the consumer to limit peak demand
I prefer the latter!
Read all about it on It's Time to Chop the Peak