If you happen to be making a list of “Milestones where people made bad decisions which held back Civilisation”, be sure to add this to it.

The Government has agreed to pay twice the market rate for nuclear power to please the French builders and Chinese investors. This means that the owners of Hinkley Point a fixed fee of possibly between £90-£93 for every megawatt of power generated per hour.

“That’s almost twice the current wholesale market price for electricity at around £50,” he said. “And the government will be paying that price for 30-40 years irrespective of whether market prices soar or collapse.”

Share if you think that’s dumb. Better yet, set fire to a car or something.

BBC News – UK nuclear power plant set for go-ahead.

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