UK Energy policy yet again takes us by surprise. Ignoring the arguments as to how clean nuclear is and putting those environmental concerns aside I think we all recognise that a blend of generation is required.
That said what we all want even more is a consistent policy and framework that developers/generators can plan within. I can't imagine the shock that EDF must be in currently. They have made a decision to proceed based on certain assurances and now they have been told to wait while UK government carries out a review.
As the article states is there a plan B? Personally I don't think renewable developer should be seeing this as a change of heart from a clearly non-green government but any delay means base load coming online from Hinckley gets further and further pushed out increasing the need/demand for other generation or interconnectors.
But hours after EDF's board voted to approve the £18bn power plant on Thursday, the government launched a further review of the project.This stunning new development came all the way from the top of government and the timing seemed calculated to cause maximum impact. EDF executives were taken completely off guard, the post-Brexit run of major investment is abruptly halted and what precious entente cordiale in Anglo-French relations there is left after the EU referendum result seems diminished. Is it a genuine pause for a new government to read the small print of a project that is two administrations old, or a signal of a potential change in policy? If so - what is plan B?