These alternatives to the troubled planned nuclear plant will be faster to build and cheaper for energy consumers, say experts
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Energy efficiency
Electricity demand is already falling. The Somerset site for Hinkley C was approved in 2010 but since then UK demand has already fallen by more than the plant will produce, about 25TWh a year or 7% of today’s demand. Due to repeated delays, Hinkley C is unlikely to produce electricity much before 2030, by which time six Hinkleys’ worth of electricity could have been cut from the national demand, according to a McKinsey report for the government.
Wind turbines
Wind power generation equivalent to one Hinkley has been connected to the national grid since 2010. Onshore wind power, having dropped 20% in cost over the last five years, is much cheaper than the heavily subsidised price Hinkley is guaranteed for over 35 years. The costs of offshore wind are also falling and likely to be below Hinkley well before 2030.
Solar power
Electricity from solar power is now also cheaper than Hinkley, having fallen by half in the last five years. From almost no solar panels in the UK, a third of a Hinkley has been added since 2010. Half of that was delivered in just 18 months, according to government statistics.
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Interconnectors
Another third of a Hinkley has been added to the UK grid since 2010 by new cables to other European countries, where electricity is currently cheaper. New interconnectors to Norway, Denmark and France could be laid by 2025, adding another two or three Hinkleys to the grid, according to a report for the UK’s National Infrastructure Commission (NIC) in February.
Storage and flexibility
Another NIC report for the government found that four Hinkleys’ worth of electricity could be saved by 2030 by increasing the ability to store electricity, in large batteries for example, and making the grid smarter. This would also save bill payers £8bn a year.
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So why isn’t Hinkley dead already? Many energy policy experts are baffled. But veteran green campaigner Jonathan Porritt, who chaired the UK’s sustainable development commission for a decade, thinks he knows: “Hinkley is a deal that has nothing to do with market reality. Nothing to do with affordability, let alone with the ‘hard-working families’ that [energy secretary] Amber Rudd keeps bleating on about. And nothing to do with addressing our climate change responsibilities.
“By contrast, it’s got everything to do with political leaders in three nations – the UK, France and China – all of which ‘need’ Hinkley Point to happen for grubby geopolitical interests of their own.”
Read more at Five ways to power the UK that are far better than Hinkley Point
