MPs have set a cap on prices for electricity generated from nuclear power by energy giant EDF.

The ‘strike price’ which represents the lowest price that the energy firm can expect to receive is close to being agreed upon. This comes after MPs had been in conflict with EDF boss Vincent de Rivaz who had called proposed strike prices as “rubbish”.

An agreement on a strike point will allow EDF to invest in new power sources including the construction of new plants. EDF have already planned to construct a new power plant in Somerset.