Hinkley reignites grid feud worth billions of pounds

National Grid is disappointed over the decision from the UK Office of Gas and Electricity Markets (Ofgem) that the grid upgrade for the nuclear power plant must be subject to "proxy competition", which Ofgem says will save consumers more than GBP 100 million.

The price of Hinkley Point C has been the subject of major criticism for years now. However, not only the costs of the nuclear power plant itself are causing problems, the same is true of the needed electricity grid upgrade, which must handle the plant's planned 3,260 MW capacity.

Last March, the British grid company National Grid presented a business case in which it shows that it would cost GBP 840 million to make the necessary upgrades. This estimate proved to be 20 percent too high, according to the UK Office of Gas and Electricity Markets (Ofgem) in August. Ofgem then established a consultation on the subject.

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