<p>The Strike Price for Hinkley Point C was agreed in October 2013. The monthly average of market prices in October 2013 was around £48/MWh. This is based on published indicators by the industry regulator Ofgem:</p><br /><p><a href="https://www.ofgem.gov.uk/monitoring-market/wholesale-market-indicators" target="_blank">https://www.ofgem.gov.uk/monitoring-market/wholesale-market-indicators</a></p><br /><p>Using the most recently published data from Ofgem, the monthly average of day-ahead prices between Jan and May 2015 ranged between approx. £40/MWh and £44/MWh.</p><br /><p>Current wholesale market prices are an inadequate comparator for the costs of different electricity technologies in the future. The current wholesale price reflects an average of the short-term costs for existing generation already on the system, rather than the costs of future generation including investment costs.</p><br /><p>Hinkley Point C is expected to be cost-competitive with other electricity technologies capable of delivering at scale in the 2020s. It will also pave the way for a new nuclear pathway to deliver secure and low-carbon, reliable baseload generation.</p>