Barry Gardiner – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Barry Gardiner on 2016-09-15.

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether EDF will incur a penalty in the event that Hinkley Point C starts to generate electricity by 2025.

Jesse Norman

Under the contract for difference, if Hinkley Point C does not start generating electricity four years after 2025 then there will be reductions to the contract term. This means that for every day that Hinkley is late, the period of time where EDF is getting increased certainty on the price of electricity generated from Hinkley is reduced. If neither reactor at Hinkley is generating electricity by 2033, there is an option to cancel the contract.