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UK nuclear power plant contract: 80bn deal or no deal?

2013-10-21 22:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardians: The British energy secretary, Ed Davey, has signed the first new nuclear contract with French state-backed utility firm EDF, admitting only a clairvoyant could know the true cost to the taxpayer of the 35-year contract because of the uncertainty of future energy prices. Energy academics said on Monday that the deal was a gamble, but estimated the cost would be at least 80bn over the life of the two new reactors to be built in Somerset, or roughly 3.5m a day for each reactor at current rates....

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