Comment by leonidasrup
8 hours ago
Taxpayers of UK are supporting wind energy producers using CfDs (Contracts for Difference).
UK Eighth Allocation Round are from 20 July to 7 August 2026, Offshore wind £113 /MWh, Onshore wind (>5 MW) £92/MWh
UK Government also awarded a CfD to Hinkley Point C nuclear power station, set at £92.50/MWh for a 35 year period.
https://en.wikipedia.org/wiki/Contracts_for_Difference_(UK_e...
You've quoted strike prices at the time, adjusted for inflation Hinckley is the most expensive of the three you quote. And it lasts nearly twice as long.
In fact this nuclear plant was the first use of CfD.
It's a great scheme because it (in theory) prevents cost blowouts being added to energy prices. Good incentives to get things built quickly and cheaply.
The actual price for Hinclkey is roughly a third higher than the CfD and that extra cost should be borne by the French taxpayers via EDF.
In reality they shifted some costs onto the next nuclear plant instead, working around the CfD and foisting the excess costs back onto the British tax/billpayer.
Obviously they refused to use CfD for the next UK nuclear plant because unlike wind power, they have no faith in it being completed anywhere near on budget. And if they bid the real cost it wouldn't get built in the first place.
So now UK taxpayers are paying in advance for a decade to get new nuclear built with no cap on cost.