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Nuclear Power: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 13th January 2020.

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Photo of Andrea Jenkyns Andrea Jenkyns Conservative, Morley and Outwood

To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will bring forward proposals for a new financing model for the nuclear power industry to increase levels of funding in that sector.

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

We are committed to looking at alternative funding models that could improve the value for money of new nuclear projects. We have consulted on a Regulated Asset Base funding model as an option that could attract private sector capital at a lower cost to consumers. The consultation closed on 14 October 2019 and we are currently considering the feedback.

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