Margaret Ritchie – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Margaret Ritchie on 2016-09-06.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the remaining total cost to the public purse will be of construction at Hinkley Point C should that project receive approval.

Jesse Norman

Under the terms of the contract, which has yet to be entered into, the remaining total cost to the public purse for the construction at Hinkley Point C would be borne entirely by the developer, who would bear all the construction risk. If construction comes in under budget then any savings above a threshold would be shared with consumers, but if there are overspends then the developer would bear any additional costs.