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Nuclear power station could be delayed

The financial deal for a new nuclear power station in Somerset is to be investigated by the European Commission, in a move that could delay it

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Cameron: Nuclear power could lower energy bills

The government has given the go ahead to build Britain's first new nuclear power station in a decade at Hinkley Point near Bridgwater.

The announcement will see an investment of £16 billion, and the creation of 25,000 jobs.

As part of the deal, the government has agreed a so-called strike price with EDF for the amount it gets per megawatt hour of electricity.

The figure settled on today is £92.50 which is more than double the current market rate, the Prime Minister said it was a good deal.

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