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I wouldn't be surprised to hear that it gets further delayed and fully expect the end figure to go North of 30 billion after they have cleared up the commissioning snags that will inevitably come out of the wood work.

How many MW of RE could be built for £25 billion ?

Moxi

Moxi wrote: ↑Fri May 20, 2022 7:57 am I wouldn't be surprised to hear that it gets further delayed and fully expect the end figure to go North of 30 billion after they have cleared up the commissioning snags that will inevitably come out of the wood work.

How many MW of RE could be built for £25 billion ?

Moxi

781 Kirkhills.
6,248 WT's
15,620,000 homes & businesses powered.

All on the current economic scale. Imagine the discounts possible....

There’s also been industrial action by one group of workers -

https://www.somersetcountygazette.co.uk ... hinkley-c/

And a recent accident where a worker fell 5m from scaffolding - thankfully, he wasn’t seriously hurt.

https://www.somersetlive.co.uk/news/som ... nt-7029467

I know it’s reading between the lines, but is it not a good place to be working ? Worker unrest could be a bit of a disaster.

OK, this is a handful of the number of staff on site.

The pandemic has has impacts, forseen and unforseen, in literally every part of the world's activities. Unsurprising that such a large, specialised and complex project like building a nuclear power plant, would have delays as a result.

Not something you want to hear when the government is talking about starting one new nuclear project every year for the foreseeable and the new finance model is bill payers will not only be responsible for the risks and delays but also their bills will be front loaded with levies to pay for it long before they actually generate anything.

Plus the other news today:

UK nuclear power stations’ decommissioning cost soars to £23.5bn

And ..... we still don't know where we're gonna store the waste for millenia.

Mart wrote: ↑Fri May 20, 2022 6:12 pm Plus the other news today:

UK nuclear power stations’ decommissioning cost soars to £23.5bn

And ..... we still don't know where we're gonna store the waste for millenia.

Yep, because the nuke project costs don't include the decommissioning costs as that's so far out into the future that elderly or even middle aged people who vote wont pay for it, only the young or who are not born yet will pay for the costs though taxation. Or will it be another tax conveniently transferred to bill payers via the levies.

nowty wrote: ↑Fri May 20, 2022 6:20 pm

Mart wrote: ↑Fri May 20, 2022 6:12 pm Plus the other news today:

UK nuclear power stations’ decommissioning cost soars to £23.5bn

And ..... we still don't know where we're gonna store the waste for millenia.

Yep, because the nuke project costs don't include the decommissioning costs as that's so far out into the future that elderly or even middle aged people who vote wont pay for it, only the young or who are not born yet will pay for the costs though taxation. Or will it be another tax conveniently transferred to bill payers via the levies.

Hiya Nowty, totally agree, but gonna be a bit pedantic on HPC, as the contract does include decommissioning (sort of). Basically, the CfD payments are enough (hopefully) for HPC to put money aside for decommissioning, but what they have to do, is put enough aside, so that with financial growth over the lifespan of HPC, it will be enough at end of life to pay for it.

What can possibly go wrong, anyone remember the endowment crisis?

If the fund isn't enough to cover decommissioning costs, then the UK Gov (us) will have to top it up.

Also, as far as I understand it, this is separate to where (in the hell) we are gonna store the waste material.


I assume, so could be completely wrong, that with other funding methods for other projects, such as SZC, such as putting some or all of the capital in ourselves, then we will also have to cover decommissioning costs. So, as and when the costs/MWh are announced, we will need to check if these costs are included or not, before we can compare £/MWh across technologies.


I know I slag off nuclear a lot, but it just seems to me that RE overcapacity and storage is simpler, faster, (almost certainly cheaper), and easier to nail down the actual costs, and also to roll out in modular form, fine tuning plans as we go, and learn how demand and supply are evolving.

Mart wrote: ↑Sat May 21, 2022 10:59 am Hiya Nowty, totally agree, but gonna be a bit pedantic on HPC, as the contract does include decommissioning (sort of). Basically, the CfD payments are enough (hopefully) for HPC to put money aside for decommissioning, but what they have to do, is put enough aside, so that with financial growth over the lifespan of HPC, it will be enough at end of life to pay for it.

But is that really a separate money pot like a private pension scheme or will it simply be an accounting number with the real cash going onto the treasury coffers to be used for whatever.

In other words is it more like the state pension scheme where you pay your NI contributions, but the real cost of providing them comes from future tax payers.