Ed Davey’s “worst ever“ Hinckley Point C deal, which will allow owners EDF to charge treble the current market rate for 35 years, was featured on the Today Programme this morning. The BBC failed to mention at any point before, during, or after Davey’s interview that he is now working for EDF’s lobbying firm, MHP. Davey spoke for three minutes defending his deal with EDF, and did not once think to mention his new role as a ‘strategic adviser at MHP to the energy sector’.
Davey claims the agreement was made with “the best available advice”:
“… the truth is, if you look at deals like this, which are over 60 years of generating, you don’t know sitting here today exactly what the value’s going to be, because you’d have to know the price of carbon, the prices of gases and things, in 20, 30, 40 years time – I’m not a clairvoyant, I’m not God.”
You do work for a firm that lobbies on behalf of EDF though…