Quote: “This is a dreadful agreement for the nation,” said Prof Catherine Mitchell, an energy policy expert at the University of Exeter. “The government is already paying a high price, index-linked for an incredibly long 35 years. This should be more than sufficient for a professional, business contract.
“The £22bn ‘poison pill’ effectively reduces the risk to zero for EDF and its backers, which is great for them. But from an outside perspective, it smacks of desperation.”
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Former Conservative energy secretary Lord Howell has criticised the Hinkley deal as “one of the worst deals ever” for British consumers and industry and has protested against “endless government guarantees for risk-free returns to the investors”. |