Sizewell C, Critique

Posted: 3rd February 2022

Former Labour MP Derek Wyatt points out three critical issues surrounding the government’s £100m investment in EDF’s nuclear power plant. Three critical issues surrounding the future of the Sizewell C project weremissing from the recent announcement (Ministers invest £100m in EDF’s£20bn Sizewell C nuclear power station, 27 January). The first is the appalling state of EDF’s finances. This is coupled with shutdowns at its French power stations, using similar technology to Sizewell C. Newer nuclear power stations are not working. The second is that China General Nuclear Power has a 20% stake in Sizewell C. How does the government intend  to play its cards here? How much will it pay to ask CGNP to stand down? £100m? The third is that the £100m represents just 0.5% of the total build. It will not be enough to attract any sizeable pension funds. As a consequence, our energy bills would need to go up to provide the £20bn-plus of funding. My estimate is that this would put, over a 25-yearperiod, about £330 a year on our energy bills. And this addition would be on top of price rises due to, say, Russia invading Ukraine or the cap coming off later this year. Guardian 1st Feb 2022  https://www.theguardian.com/environment/2022/feb/01/sizewell-c-nuclear-project-issues-have-been-glossed-over