In a remarkable U-turn, the UK government agrees to £5bn public stake in a Welsh nuclear power station

Total cost of Wylfa, to be shared with Hitachi and Japanese government according to the interim agreement made: £16bn. Price of power: £75-77 MWh …more than solar & wind.

For many years, politicians, civil servants and Big Energy execs told me that renewables could never beat nuclear on price. Now that they manifestly do, economics are suddenly no longer a consideration.

Image: BBC, white elephant added

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