EDF boss warns on power station support
EDF Energy's chief executive Vincent de Rivaz threw down the gauntlet to the Government yesterday, warning that it needed to decide how much financial support to give new nuclear power stations so that potential investors like him could decide whether to go ahead with projects.
EDF is locked in discussions with the Government over a long-term, guaranteed price for electricity from its proposed plant at Hinkley Point in Somerset. This would see EDF receiving a "top-up" if the market price fell below that level, and Mr de Rivaz said it is essential to establish exactly how much this would be before he can commit to Hinkley Point.
"The Government has to do its part and the main issue now is to get on with the energy bill," he told a hearing of the Energy and Climate Change committee.
The Hinkley Point C power plant is a joint venture between EDF and Centrica.
- 1 Ireland gay marriage vote: 'No' campaign appears to concede amid reports of 'yes' landslide victory
- 2 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 3 Picture of couple posing with beached dolphin 'that later died' causes outrage
- 4 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 5 Arsenal fan asks the Queen for tickets to the FA Cup final - gets a reply from Buckingham Palace
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...