Which? response to the Hinkley deal between the Government and EDF Energy
Which? executive director Richard Lloyd (pictured right) said:
“Rising energy bills are one of the top concerns for cash-strapped consumers, so everyone will want to be assured that the price the Government has agreed for new nuclear power is fair.
“The Hinkley deal commits billions of pounds of bill-payers’ money but it has been done without transparent, independent scrutiny. If it emerges that the Government has overpaid, we believe there should be a mechanism to refund consumers instead of a windfall to the suppliers.
“We can’t afford to continue with a situation where suppliers and ministers blame each other for energy price rises. We now need an independent expert review, that reports to Parliament, of all energy policy costs, with an assessment of whether consumers are getting value for money and where savings can be made.
“The National Audit Office should also be responsible for ongoing reviews so that ministers’ decisions are held to account and consumers can have more confidence that their money is being spent wisely.”
Energy UK said:
“It is good news for the UK and British customers that new nuclear is going ahead. There is a clear need to build new power stations and nuclear represents clean, reliable energy and jobs both during the build and while the plant is running.
“The energy industry is well aware that it has a lot to do in the coming years so customers know it is working for them. This means keeping bills down by insulating our homes better so we use less energy and keep warmer. Companies are committed to being straightforward and open when prices have to go up so customers know the reasons why. It also needs to be easier for new energy companies to enter the market so people feel there is a better choice.
“Building new power stations is never quick or cheap, but in the case of Hinkley development, nothing goes on the bill until 2023.”
