UK Nuclear Projects Set to Add $1.3 Billion a Year to Power Bills ...Middle East

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UK Nuclear Projects Set to Add $1.3 Billion a Year to Power Bills
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Subsidies and Contracts for Difference (CfD) that the UK government has promised to the two projects for new nuclear power stations are expected to add $1.32 billion (£1 billion) annually to the UK power bills from around 2030, The Telegraph reports, citing documents by the Treasury and the Office for Budget Responsibility (OBR).   The Hinkley Point C nuclear power station, developed by EDF, is expected to begin generating electricity in 2030-31, after years of delays and cost overruns. That year, CfD is expected to generate $6.1 billion…

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