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The Hinkley Point C subsidy scheme, approved by the European Commission, is a “stitch-up” and should be properly audited, according to Greenpeace.
Brussels last week approved the scheme fixing the price at twice the current cost of electricity for 35 years, at £92/MWh.
The Environmental Audit Committee (EAC) has called for a full inquiry into the government’s deal with EDF and the National Audit Office (NAO) is investigating whether this represents value for money for consumers.
Greenpeace said it saw the Contracts for Difference (CfD) scheme, which guarantees the power price, as an “extraordinarily bad use of public funds”.
Greenpeace UK executive director John Sauven said: “The stitch-up concocted in Brussels will see two generations of UK consumers locked into paying billions of pounds to a mainly state-owned corporation in France in order to bankroll an outdated and risky source of energy.”
He added: “This money would be better spent on clean technologies and energy saving measures, which don’t leave a legacy of radioactive waste and benefit the UK economy while reducing carbon emissions.”
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