The UK government said it is considering investing taxpayers' money into the Wylfa nuclear power station in North Wales having previously stated that it will never take on the risk of cost overruns that are typical of nuclear projects. The government didn't invest in Hinkley Point C, the EDF project currently under construction in Somerset. However, in exchange, EDF agreed to pay £92.50/MWh for electricity from Hinkley, about twice as much as the current rate. In a statement released today, Energy Minister Greg Barker said: "We have been clear we don't want any new reactors built and there has always been an expectation that this would be done by 2022."
The UK government said it is considering investing taxpayers' money into the Wylfa nuclear power station in North Wales having previously stated that it will never take on the risk of cost overruns that are typical of nuclear projects. The government didn't invest in Hinkley Point C, the EDF project currently under construction in Somerset. However, in exchange, EDF agreed to pay £92.50/MWh for electricity from Hinkley, about twice as much as the current rate. It is expected to pay about £77/MWh for power from Wylfa.