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Must Sizewell C justify itself in pounds, shillings and pence?
The article argues that Sizewell C should be judged as a long-term investment in energy security, not solely by whether its financing terms are the cheapest imaginable. It says critics of the project are comparing the agreed deal with an alternative that was never realistically available, when the actual choice was to proceed or have no power station.
The author says Sizewell C is expected to supply power for six million homes for at least 60 years and save the energy system about £2 billion a year. Construction is expected to add around £1 a month to household bills; the project has awarded £5 billion in contracts to more than 1,000 UK suppliers, and 85 per cent of its design copies Hinkley Point C. The article also cites 1,500 apprenticeships and £4 billion in regional economic value, while acknowledging that scrutiny of the project is necessary.
In short
- The article defends Sizewell C as a long-term energy security investment.
- It is expected to power six million homes for at least 60 years.
- Construction may add around £1 a month to household bills.