Nuclear Power

Department for Business, Energy and Industrial Strategy written question – answered on 9th April 2019.

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Photo of Trudy Harrison Trudy Harrison Conservative, Copeland

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effectiveness of the Regulated Asset Base model and its potential for the nuclear sector.

Photo of Chris Skidmore Chris Skidmore Vice-Chair, Conservative Party, Minister of State (Department for Business, Energy and Industrial Strategy) (Universities and Science) (Joint with the Department for Education)

We are continuing to review the viability of a Regulated Asset Base model as a sustainable mechanism for financing new nuclear projects. My rt. hon. Friend the Secretary of State set out to the House on 17 January that we intend to publish our assessment of that method by the summer.

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