Nuclear Power: Cost Effectiveness

Department for Business, Energy and Industrial Strategy written question – answered at on 19 June 2018.

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Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Secretary of State for Business, Energy and Industrial Strategy, what criteria his Department plans to use to assess the value for money of financing arrangements for a new nuclear programme.

Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government published a value for money assessment for Hinkley Point C at the time of the deal being signed and will carry out a value for money assessment for any future new nuclear project before a final deal is agreed.

The Government will, at the appropriate time, publish this assessment which would set out the criteria used to determine value for money of the financing arrangements.

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