EDF - Hinkley Point 'C'

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Discussion

turbobloke

103,956 posts

260 months

Thursday 15th September 2016
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Apparently a petition with only 300,000 signatures has been handed in to Downing St urging the gov't to waste more money on renewables rather than give the go-ahead to Hinkley Point C. Only 300,000 signatures and this makes the news - I thought I'd read somewhere that the deluded Greens got over a million votes at the last GE, and there are quite a few Labour voters and Libdims who would want more madness.

vonuber

17,868 posts

165 months

Thursday 15th September 2016
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turbobloke said:
Apparently a petition with only 300,000 signatures has been handed in to Downing St urging the gov't to waste more money on renewables rather than give the go-ahead to Hinkley Point C. Only 300,000 signatures and this makes the news - I thought I'd read somewhere that the deluded Greens got over a million votes at the last GE, and there are quite a few Labour voters and Libdims who would want more madness.
It would be interesting to see the ROE for improving renewable technologies over the 30years of paying for Hinckley C - but then that won't fit your narrative.

Murph7355

37,715 posts

256 months

Thursday 15th September 2016
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vonuber said:
It would be interesting to see the ROE for improving renewable technologies over the 30years of paying for Hinckley C - but then that won't fit your narrative.
I'm not sure that helps the "immediate" needs for power in the country though, does it?

vonuber

17,868 posts

165 months

Thursday 15th September 2016
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Murph7355 said:
I'm not sure that helps the "immediate" needs for power in the country though, does it?
No, but we can build some gas plants for a fraction of the cost as noted above. This nuclear deal stinks all over, someone somewhere is getting rich from pushing this contract through.

hidetheelephants

24,357 posts

193 months

Thursday 15th September 2016
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vonuber said:
turbobloke said:
Apparently a petition with only 300,000 signatures has been handed in to Downing St urging the gov't to waste more money on renewables rather than give the go-ahead to Hinkley Point C. Only 300,000 signatures and this makes the news - I thought I'd read somewhere that the deluded Greens got over a million votes at the last GE, and there are quite a few Labour voters and Libdims who would want more madness.
It would be interesting to see the ROE for improving renewable technologies over the 30years of paying for Hinckley C - but then that won't fit your narrative.
The imagined abilities of some vapourware in 10-20-30 years time is about as much use as a chocolate fireguard; engineering has no narrative, only delivery or failure.

Gary C

12,441 posts

179 months

Thursday 15th September 2016
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don4l said:
sirtyro said:
I don't get why we would do this deal. Why would we want any foreign state have power over something like a nuclear power station in our country!?!? Are we just that desperate for an energy policy that we are stuck with this.
I think that we are stuck between a rock and a hard place.

£92.00 per MegaWatt hour is utterly insane. As far as I am aware we could build a gas powered station for about 10% of the cost which would produce electricity for £26.00 a MWH.

This winter there will be power cuts.

Makes you feel nostalgic for the good old 1970's.
If we went purely economic we would reopen/build coal stations. We could be totally self sufficient on fuel and prices would be lower than gas.

The "global warming" card is driving the whole market direction.

If we continue to follow this direction, and shutdown all our coal stations, and ultimately the gas stations too, we either accept nuclear or occasional demand reduction.

Gary C

12,441 posts

179 months

Thursday 15th September 2016
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vonuber said:
Murph7355 said:
I'm not sure that helps the "immediate" needs for power in the country though, does it?
No, but we can build some gas plants for a fraction of the cost as noted above. This nuclear deal stinks all over, someone somewhere is getting rich from pushing this contract through.
So you question the price ? is it much more than it needs to be to make a profit from a nuke ?

Costs of the AGR fleet mean break even is about £45-50 /MWH but much of the backend costs were taken by the government as legacy costs from the cegb days. Factor in all costs for sizewell C, the cost is much more realistic.

If we are going to decarbonise, then building gas plants is not acceptable.

Oh, and check the price for wind !

Mr GrimNasty

8,172 posts

170 months

Thursday 15th September 2016
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Actually gas is the best short/medium term way to reduce CO2 emissions substantially.

If the (utterly pointless) total decarbonisation was a genuine goal, nuclear is the only medium/long term option in the UK (wind/solar is costly and not dependable, any attempt to buffer for dependability would send costs stratospheric).

El Guapo

2,787 posts

190 months

Friday 16th September 2016
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Are we as a nation no longer capable of designing & building nuclear power stations? We were pioneers in the field not so long ago.

4x4Tyke

6,506 posts

132 months

Friday 16th September 2016
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Gary C

12,441 posts

179 months

Friday 16th September 2016
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Mr GrimNasty said:
Actually gas is the best short/medium term way to reduce CO2 emissions substantially.

If the (utterly pointless) total decarbonisation was a genuine goal, nuclear is the only medium/long term option in the UK (wind/solar is costly and not dependable, any attempt to buffer for dependability would send costs stratospheric).
And there's the rub.

Is co2 " the biggest threat to mankind" or not. I don't know, I suggest no one really knows.

I do understand the opinion that once we know, it maybe be too late. I also understand that this CO2 was in the atmosphere in the past and the planet wasn't cooked to death.

Pick a side people !

Murph7355

37,715 posts

256 months

Friday 16th September 2016
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vonuber said:
No, but we can build some gas plants for a fraction of the cost as noted above. This nuclear deal stinks all over, someone somewhere is getting rich from pushing this contract through.
It's (evidently) not my field, but I'd have to assume that....

- people had looked into the relative merits of the different types of power generation available now and come up with the solution we have
- to me, diversification would seem to be a good idea in this field. But that always costs more
- I'd hardly say it's been "rushed" through. We've been procrastinating on this stuff for years and someone had to make a decision. It's like the airport decision...when that finally gets made there will be people upset that their preferred option wasn't chosen, that it was rushed through etc.

Lots of people will get very rich from any decision made, so sadly that's moot. If you think that people haven't become very wealthy out of other power generation options in the recent past you're kidding yourself. And from what I can see none of them (the alternative "solutions") has made the slightest dent in what the country needs?

What I would now like to see, however, is a more cohesive plan about getting ahead of the curve so as a country we aren't left (seemingly) at the mercy of private company negotiations to meet demands. Infrastructure investment...


4x4Tyke said:
Think about it...

A bike wheel is designed not to collapse. A car bumper is designed to do so.

It seems both have done their job. Arguably the Chinese product better than the German one. Is that what you were trying to say biggrin

paulrockliffe

15,705 posts

227 months

Friday 16th September 2016
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El Guapo said:
Are we as a nation no longer capable of designing & building nuclear power stations? We were pioneers in the field not so long ago.
When BNFL was government owned and BNFL owned Westinghouse we were right up there, with access to some of the best designs going. Gordon Brown sold Westinghouse to Hitachi for pocket change and gave all that away.

Ironically Westinghouse is filling China with AP1000s at £3bn a pop at the moment.

As much as I'm a fan of nuclear, I don't understand this deal. Why are we not funding this ourselves given out access to cheap credit it must be cheaper to borrow the money than pay the extra on the supply side? Last I heard the Chinese were planning to largely bring their own workforce over, so the economic benefit from the investment is likely to be exported too. Bizarre.

fido

16,797 posts

255 months

Friday 16th September 2016
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Murph7355 said:
4x4Tyke said:
Think about it...

A bike wheel is designed not to collapse. A car bumper is designed to do so.

It seems both have done their job. Arguably the Chinese product better than the German one. Is that what you were trying to say biggrin
German stuff was well made 15/20 or more years ago. Like the Karcher pressure washer I bought 15 years ago - still works a treat today - unlike the sh8tty K2 model I bought last year that died within 6 months! A Chinese one would cost less/same and last longer. Maybe a year, but your total outlay would be less. Back on topic - the energy prices they agreed are now out of date. Can't comment on the security or ownership issues. I presume our capable politicians thought of this beforehand ...


Edited by fido on Friday 16th September 11:07

Mr GrimNasty

8,172 posts

170 months

Friday 16th September 2016
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4x4Tyke said:
If that bicycle wheel were a child's head, isn't that exactly what you would want?

ofcorsa

3,527 posts

243 months

Friday 16th September 2016
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paulrockliffe said:
When BNFL was government owned and BNFL owned Westinghouse we were right up there, with access to some of the best designs going. Gordon Brown sold Westinghouse to Hitachi for pocket change and gave all that away.

Ironically Westinghouse is filling China with AP1000s at £3bn a pop at the moment.

As much as I'm a fan of nuclear, I don't understand this deal. Why are we not funding this ourselves given out access to cheap credit it must be cheaper to borrow the money than pay the extra on the supply side? Last I heard the Chinese were planning to largely bring their own workforce over, so the economic benefit from the investment is likely to be exported too. Bizarre.
Ditto. I do think Nuclear is the way to go, The financing of this just seems odd.

hairykrishna

13,166 posts

203 months

Friday 16th September 2016
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The whole deal seems pretty bonkers to me. It's apparent that we need some new nuke plants to keep the base load up but is this really the best way to go about it? Guaranteeing a Chinese operation great prices for their electricity for ever more.

I know that PH is generally very anti nationalision but to me state ownership of nuclear plants makes sense. By which i mean our state, not the PRC. Projects that need a massive capital investment, with a slow pay back and need to be looked after by an organisation that doesn't prioritise short term profit over all other concerns. There's the counter argument that government projects in this country are often total balls ups but I'd say that's more a problem with our governments that the concept in general.

Sylvaforever

2,212 posts

98 months

Friday 16th September 2016
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vonuber said:
Murph7355 said:
I'm not sure that helps the "immediate" needs for power in the country though, does it?
No, but we can build some gas plants for a fraction of the cost as noted above. This nuclear deal stinks all over, someone somewhere is getting rich from pushing this contract through.
and you can set up a supplying windfarm for
a fraction of eithers cost or time.....however gas plants would have been far far better for the UK...


Edited by Sylvaforever on Friday 16th September 15:00

turbobloke

103,956 posts

260 months

Friday 16th September 2016
quotequote all
Sylvaforever said:
vonuber said:
Murph7355 said:
I'm not sure that helps the "immediate" needs for power in the country though, does it?
No, but we can build some gas plants for a fraction of the cost as noted above. This nuclear deal stinks all over, someone somewhere is getting rich from pushing this contract through.
and you can set up a supplying windfarm for
a fraction of eithers cost or time.....however gas plants would have been far far better for the UK...
Wind farm? 100 on-shore windymills are a mere £400m plus their share of the £10bn it'll cost to link all of 'em (nationally) to the grid. Then when it's too windy or icy or not windy they will generate squat diddly and do so for a lifetime of about 20 years.

The nuke will have a lifetime cost of about £35bn, will operate far more continuously, not rely on the weather, and have a likely lifetime of 70-100 years these days, whatever the initial figure is (look at the previous generation).

Also, wind farms will create more carbon dioxide, say scientists (link below) so the climate fairytale 'reason' for their existence doesn't work even as a fairytale.

http://www.telegraph.co.uk/news/earth/energy/windp...

wombleh

1,790 posts

122 months

Friday 16th September 2016
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This is an interesting commentary on the EPR vs AP1000 but I can't speak to it's accuracy. Indicates that the AP1000 is not quite the obvious cheap alternative that is made out.

Have Horizon indicated how much they're expecting to pay for the build of their ABWRs?