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<p>EDF have said that they expect Hinkley Point C to start generating electricity
in 2025. The Contracts for Difference (CfD) payment term in the proposed contract
is 35 years with a target commissioning date of 2025 for each reactor. The target
commissioning window for each reactor is four years from its target commissioning
date (subject to Force Majeure). In the event that either reactor is not commissioned
by the end of its target commissioning window, the CfD payment term for that reactor
is shortened commensurately for each day of delay through to the long stop date. If
neither reactor has been commissioned by four years after the last day of the target
commissioning window for reactor 2 i.e. November 2033 (the longstop date), the Low
Carbon Contracts Company (LCCC) has the option to terminate the contract.</p>
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