Ofcom's Nolan: Wind cheaper than Hinkley

30th June 2017

Wind power could be cheaper than Hinkley Point's, Ofcom's chief executive has suggested.

Dermot Nolan said he hoped offshore projects in a new contracts for difference round this year would cost "70 or less" per megawatt-hour. Hinkley's agreed price is 92.50 over 35 years, index-linked.

Vincent de Rivaz, outgoing chief executive of EDF Energy which is building the 18bn Somerset nuclear plant, said the Hinkley deal compared well with "the average weighted price of low-carbon in the 2020s", of 124/MWh, according to a report in the Telegraph.




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