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In remarkable U-turn, UK government agrees to £5bn public stake in a Welsh nuclear power station

This is a guest post by Jeremy Leggett. Views are the author's own and do not necessarily represent the opinions or positions of MyGridGB or Dr Andrew Crossland.

Total cost of Wylfa, to be shared with Hitachi and Japanese government according to the interim agreement made: £16bn. Price of power: £75-77 MWh …more than solar & wind.

For many years, politicians, civil servants and Big Energy execs told me that renewables could never beat nuclear on price. Now that they manifestly do, economics are suddenly no longer a consideration.

Image: BBC, white elephant added