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United Kingdom: We need new nuclear power to keep the lights on, says Ed Davey

2013-10-21 19:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Independent: The Energy Secretary Ed Davey insisted that new nuclear power is essential to keep Britain's lights on as he unveiled a long-awaited agreement to build two more reactors at Hinkley Point - at a cost of 2bn more than previously announced. After months of wrangling, the government has agreed to guarantee the French utility EDF about twice the current market rate for the electricity produced at Hinkley Point C in Somerset. Known as the "strike price", Edf and its Chinese partners will receive...

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