NUCLEAR POWER COST

Early day motion 887, tabled 16 December 2013 by Paul Flynn (Labour). Signed by 21 members.

That this House commends the judgement of City analysts Liberum Capital who say that the Hinkley Point nuclear power station deal is economically insane offering a price for electricity at double the going rate, index linked and guaranteed for 35 years; agrees with the head of Ineos, Jim Ratcliffe, that the price of £95 per megawatt hour agreed with Électricité de France is a rip-off especially when the company simultaneously agreed a price of £38 for French customers; is alarmed that future British industry and domestic users will be forced to buy some of the most expensive electricity in the world, adding to the burdens of domestic bills and putting industry at a competitive disadvantage; and calls for a full disclosure of the deal and parliamentary debate.

Signatures by party: Labour 11, Liberal Democrat 4, Social Democratic and Labour Party 2, Green 1, Independent 1, Respect 1, Scottish National Party 1.