Radioactive Waste
Energy and Climate Change

Photo of Caroline Lucas

Caroline Lucas (Brighton, Pavilion, Green)

To ask the Secretary of State for Energy and Climate Change what steps he will take to ensure that any risk premium applied under the radioactive waste transfer pricing arrangements (a) is proportionate and (b) reflects the financial risks being assumed by the Government.

Photo of Charles Hendry

Charles Hendry (Minister of State (Renewable Energy), Energy and Climate Change; Wealden, Conservative)

The manner in which the risk premium will be determined under the waste transfer pricing framework is set out in the “Waste Transfer Pricing Methodology for the disposal of higher activity waste from new nuclear power stations”, which was published on 8 December 2011. The Methodology sets out how the risk premium will be determined so that it is proportionate and properly reflects the financial risks being assumed by the Government. This is available at:

http://www.decc.gov.uk/assets/decc/Consultations/nuclear-waste-transfer-pricing/3798-waste-transfer-pricing-methodology.pdf

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