Sizewell C Power Station

Department for Business, Energy and Industrial Strategy written question – answered on 9th November 2020.

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Photo of Lord Marlesford Lord Marlesford Conservative

To ask Her Majesty's Government what plans they have to take a direct financial stake in the Sizewell C nuclear power project; and if so, whether any decision to do so would need to occur after the conclusion of the planning process.

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

The Government is looking at options for the financing of new nuclear projects. In 2019, we consulted on a Regulated Asset Base as a possible funding model that could attract private finance with the potential to bring significant investment for future nuclear projects at a lower cost to consumers, enabling low carbon power to be delivered at scale. We will respond in due course.

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