nuclear-news

UK government underestimated the cost to the public of Regulated Asset Base financing of nuclear power

 The government has been accused of under-estimating the cost to customers
of its new financing support mechanism for nuclear power, which could add
£100 onto annual bills if ex-prime minister Boris Johnson’s pledge to
roll out a new fleet of the plants is honoured.

At a meeting of the
All-Party Parliamentary Group on Energy Costs, held at the House of Commons
on Wednesday (23 November), University of Greenwich emeritus professor of
energy Steve Thomas criticised the use of the Regulated Asset Base (RAB)
for nuclear projects.

 Utility Week 24th Nov 2022

November 25, 2022 - Posted by Christina Macpherson | business and costs, politics, UK