The Hinkley Point contract has been signed, Edgar van der Meer, Senior Analyst at NRG Expert discusses
This was the week when the UK government formally signed a legally-binding contract to subsidise the Hinkley point nuclear project. A series of deals signed between the Government, France’s EDF and China's state nuclear firm CGN at a ceremony in London marked the final go-ahead for the Somerset power plant and also fired the formal starting gun on Chinese efforts to build their own reactor in Essex. What we do know is that it will saddle UK consumers with higher energy bills than building gas power stations, the Government makes no bones about that. But its seen as “value for money”, because it helps meet climate change targets. Edgar van der Meer, Senior Analyst at NRG Expert gives Share Radio his insights.