Osborne ridiculed over 'cheap nuclear' claims

EXCLUSIVE/ UK Chancellor George Osborne was criticised today (9 September) after claiming that nuclear power was “substantially cheaper than any other low carbon technology,” when defending government subsidies for the controversial Hinkley Point C project.

Osborne was discussing plans for the £24.5bn (about €34 billion) project, at the House of Lords Economic Affairs Committee. The deal with EDF guarantees the French energy giant a price of £92.50 (about €127.50) per megawatt hour (MWh).