Hinckley Point is teetering on the edge, pushed by the weight of economic common sense, the huge range of cheaper low carbon options, and finally by international political considerations. Which tips it over the edge is irrelevant in many ways, as long as this insanely stupid white elephant of a project is killed. As this article suggests, that will hopefully open the way to a detailed exploration of the alternatives. Then the fact that solar and wind combined with energy storage can provide all the baseload you need (not that it will be needed in a few years to come), and an ongoing, flexible, clean, secure, sustainable, secure and cheap energy solution. This is not a 'soon' option, with a few tweaks to energy policy (not subsidy) this can be delivered NOW. Cheaper and quicker than Hinckley Point.
Few people argue that Hinkley Point C makes sense. The project’s budget has grown from original estimates of £16 billion to £24.5 billion today. Even this might be an underestimate given the experience of cost overruns similar reactors under construction in Finland, France and China. The long-term supply contracts – known as Contracts for Difference (CfDs) – are designed to guarantee a set income of £92.50 per MegaWatt hour of output, regardless of the actual price of electricity in the market. Since the contracts were agreed, the wholesale price of electricity has fallen, meaning that the estimated subsidy for the lifetime of the project has risen from £6.1 billion to £29.7 billion, a huge burden for UK electricity consumers.