Watchdog checking whether guaranteed prices of £92 per MW/hour for planned nuclear plant represents value for money
The National Audit Office has begun an investigation into the controversial subsidy regime for the planned new Hinkley Point C nuclear plant in Somerset, a week after Brussels approved taxpayer support for the project.
The financial watchdog, which scrutinises public spending on behalf of parliament, said it would be checking whether the guaranteed prices of £92 a megawatt hour double the current cost of electricity represented value for money.