Meeting of the Parliament 24 June 2026 [Draft]
The member is not listening to me. Okay—I said that the strike price was £130 for Hinkley Point C, and it is £131, so I stand corrected there.
The strike price for floating offshore wind is listed at £216 per megawatt hour, but that is for a 20-year contract. If we compare the unit price over different contract periods, we see that floating offshore wind is actually comparatively cheaper than Hinkley, so the member is wrong on that.
A recent national audit report confirmed that the equivalent strike rate for Sizewell C is £131 to £155 per megawatt hour. Nuclear is the only energy technology that has not got cheaper over the years, whereas subsidies for renewables bring cost reductions. Then there are the hidden subsidies for Hinkley and Sizewell, which are paid to connect to the grid, whereas Scottish renewable projects have to pay to connect to the grid.
When Liam Kerr talked about managing waste, he did not mention that the Nuclear Decommissioning Authority estimates the legacy clean-up costs to be £136 billion and that a new geological disposal facility will cost up to £69 billion. That is more than £200 billion of costs that are conveniently forgotten and disregarded.