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Hinkley Report 'Misses Point'

Thursday, November 23, 2017

 

PUBLIC ACCOUNT COMMITTEE’S HINKLEY POINT REPORT ‘MISSES THE POINT’ SAYS GMB

Rather than advocate repeating the errors of the past, the committee should stop obsessing with markets in what is a natural monopoly and instead heed the recommendations of the Helm Report says GMB.

GMB, the union for energy workers, has criticised the Public Accounts Committee’s report into Hinkley Point C as ‘missing the point’.

The group of MPs said the £18bn cost of the UK's new Hinkley Point C nuclear power station will hit the country's poorest the hardest. [1]

The committee added households had been "locked into an expensive deal lasting 35 years".

Justin Bowden, GMB National Secretary, said:

“There are parts of this report that are complete tosh: for a start, who can tell what power prices will be in 20 years’ time?

“The point that seems to have been completely missed is that we are talking about the first of the new fleet of reliable, secure and carbon free power stations that will produce electricity for generations to come, especially when it is dark, the sun isn’t shining and the wind isn’t blowing.

“If the Public Accounts Committee had come out and said what really needed to be said - that rather than relying on a French state owned company the Government should have built Hinkley Point C themselves, then their report would have had some validity and some credibility.

“The reality is that as part of a balanced and mixed energy supply the country needs HPC and the reliable, zero carbon electricity it will produce.

“The UK also needs the jobs and the economic boost Hinkley is already bringing - and will continue to bring - and the country urgently needs orders for the next three nuclear power stations or a parallel fleet of small modular reactors (SMR’s).

“Rather than advocate repeating the errors of the past, the committee should stop obsessing with markets in what is a natural monopoly and instead heed the recommendations of the Helm Report.”

ENDS

Contact: Justin Bowden on 07710 631351 or GMB press office on 07958 156846 or at press.office@gmb.org.uk

Notes to Editors:

[1] http://www.bbc.co.uk/news/business-42065837

Previous press release

GMB Says Proper Home-grown Energy Supply Would Be Cheaper Alternative to Hinkley-style Funding

Friday, June 23, 2017

It’s beyond stupid for the UK to rely on foreign Governments and companies to keep our lights on.

Read more: http://www.gmb.org.uk/newsroom/hinkley-point-funding

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