Nuclear Power

Department for Business, Energy and Industrial Strategy written question – answered on 1st July 2020.

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Photo of Alan Brown Alan Brown Shadow SNP Spokesperson (Energy and Climate Change)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what new nuclear projects are under consideration for a Regulated Asset Base finance model; and if he will make a statement.

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

We consulted in 2019 on a Regulated Asset Base (RAB) model as a possible funding model for new nuclear projects. The RAB is a generic framework and each project has its own considerations that should be taken into account when looking at how it should be financed. We will respond to the consultation in due course.

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