Supply Side
UK’s National Audit Office Slams Nuclear Deal

On Friday, the UK’s National Audit Office published a damning report into the Department for Business, Energy and Industrial Strategy and their Hinkley Point C nuclear power deal, entered into with providers EDF and China General Nuclear Power Group (CGN). The headline summary is somewhat clumsily presented but is still clear.

The Department has committed electricity consumers and taxpayers to a high cost and risky deal in a changing energy marketplace. Time will tell whether the deal represents value for money, but we cannot say the Department has maximised the chances that it will be.

(Why not just say “…but the Department has not maximised the chances that it will be”? )

Anyway, the Department for Business, Energy and Industrial Strategy, which is responsible for this programme, does not come out of this well, although this has been a political imperative really. We suspect there’s a fair chance that many senior civil servants in the Department will privately think this is a lousy deal too! …

(You can read the whole article here on the Public Spend Forum website).