There seems to be a lot of controversy surrounding the Hinkley Point Nuclear Power Station in Somerset. This plant, which is run by EDF Energy, has stated that it might have to cut some 150 jobs in order to lower costs. This would significantly reduce its 800 plus workforce.
EDF says that it has to find some way to control costs at this power plant, and cutting jobs might be the easiest way. Currently, the energy company is holding negotiations with ministers over this proposed nuclear power plant. EDF believes that it should be entitled to more public subsidy for the new reactors. Without these subsidies, EDF will have no choice but to cut the plant’s workforce by 150.
Backing out of the project is not something that EDF Energy can do now. In fact, the company has already spent over £800 million on developing this project, which is said to be worth more than £14 billion. To make matters worse for EDF, it lost its junior partner on this project after Centrica said that it was pulling out of this project back in February.
For now, EDF Energy has refused to give any official number as to how many workers will lose their job. They have not given a number due to ongoing talks with its staff members, as well as unions. That being said, most media sources seem to think that at least 150 people will be cut from this site. This would be the only way that EDF could make a significant enough impact on costs.
Currently, EDF is say that it wants to build two new reactors at Hinkley. Doing this would provide even more low-carbon and reliable energy for the UK. It could make enough electricity to actually meet 7% of the UK’s energy demand. Not only that, but it could provide another 25,000 job opportunities during its construction. In the end, however, it would only provide 900 long-term jobs.
Although the idea sounds good on paper, the government is not as quick to move ahead with this project as people would think. That is because this plant would pretty much be paid for by consumers through energy bills. This would mean yet another increase to energy bills for people who are customers of EDF. Meanwhile, the government is starting to run out of proposed nuclear power plans as more and more energy companies continue to pull out.