Sizewell C Power Station

Department for Business, Energy and Industrial Strategy written question – answered on 7th October 2019.

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Photo of Alan Whitehead Alan Whitehead Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the effect on consumer energy bills will be in each year of operation of a regulated asset base agreement for the proposed Sizewell C nuclear power station (a) prior to electricity production and (b) after electricity production has started.

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

We are consulting to 14 October on whether a Regulated Asset Base (RAB) model could be applied for future nuclear projects as an alternative funding model to Contract for Differences (CfDs).

Our intention is that consumer affordability would be considered and assessed for any project prior to granting a nuclear RAB licence. We will reflect on responses to the consultation before deciding next steps for a nuclear RAB and its design.

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