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<p>The Secretary of State for Energy and Climate Change, the right hon. Member for Kingston and Surbiton (Mr Davey), made a full statement to Parliament on 21 October 2013, Official Report, columns 23-25, on the key commercial terms for Hinkley Point investment contract.</p><p>HM Treasury announced in June that Hinkley Point C qualifies for a UK Guarantee, but no agreement has yet been reached with the investors in Hinkley Point C about the terms of any such Guarantee. The Strike Price which has recently been announced will not change as a result of any Guarantee.</p><p>The Strike Price will be fully indexed to CPI. There will be operational cost review arrangements, including at 15 and 25 years, to reassess operating costs and adjust the strike price if necessary.</p> |