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<p>Hinkley Point C benefits from a Contract for Difference, a mechanism that was introduced
under Electricity Market Reform. The Government published the terms of the Contract
for Difference and a Value for Money assessment at the time the contract was entered
into. The Government will provide updates on the project where appropriate.</p><p>
</p><p>On the 4 June 2018, the Secretary of State confirmed to Parliament that the
Government has entered negotiations with Hitachi with regards to Horizon’s proposed
Wylfa Newydd project, based on Anglesey in North Wales. Negotiations are ongoing and
no decision has yet been taken to proceed. In his statement, the Secretary of State
stated that he would continue to keep the House informed during the negotiations.</p><p>
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