nuclear-news

UK government’s outrageous secrecy on the costs to consumers of the Regulated Asset Base model for funding new nuclear reactors – Stop Sizewell C Group.

The new Sizewell C nuclear power station could receive funding through a
new Government scheme that enables companies to charge consumers to cover
construction costs. Business and Energy Secretary Kwasi Kwarteng has
announced that the £20billion twin reactor will be considered to receive
finance through the Regulated Assets Base (RAB) model……………

However, Alison Downes, of campaign group
Stop Sizewell C, which is opposed to the plans, said: “It’s outrageous that
ministers are hiding the cost to electricity bill payers and the public
purse of Sizewell C, while claiming to be transparent. “By redacting the
finances, it is impossible to know if the secretary of state’s judgement on
value for money is sound.

 East Anglian Daily Times 14th June 2022

June 16, 2022 - Posted by Christina Macpherson | opposition to nuclear, UK