The European Commission has approved the Hinkley Point C State Aid case
The first new nuclear power station in a generation has moved a step closer to reality, as the European Commission announced that it has approved the Hinkley Point C State aid case.
In an announcement made by the Department of Energy & Climate Change (DECC) this week, Ed Davey said “After a thorough, detailed and independent analysis of our proposed project, this decision shows the European Commission agrees that this is a good deal for consumers and enables us now to proceed to the next stage.”
The government is now working on the Hinkley project with EDF Group – which, alongside other investors, will be responsible for funding the project through energy bills like all other electricity supplies.
According to Davey, building a new fleet of nuclear power stations could significantly reduce household bills by 2030. Moreover, for the first time ever, the operator of the plant will be responsible for the full costs of decommissioning and its share of the costs of waste management.
For more details, visit Gov.uk