nuclear-news

UK government must come clean, to tax-payers and consumers, on the financial figures before signing up to new nuclear programme

 Full report. See in particular paras 41 -44. “The Government should show
how this offers value for money to taxpayers … So far, the Government has
not published financial figures which allow the cost of this risk transfer
to be known. The Government must publish figures, before signing contracts
for new gigawatt-scale nuclear, which allow a proper assessment of value
for money to be made, including setting out the level and potential cost of
construction risk to be borne by the consumer or taxpayer …

The Government should publish details of how the estimated savings from using
the RAB model for funding Sizewell C were calculated, and provide clarity
for the funding structure, by publishing the Heads of Terms for the agreed
RAB funding model for that project.”

 Science, Innovation, Technology Committee 31st July 2023

https://committees.parliament.uk/publications/41092/documents/200069/default/

August 2, 2023 - Posted by Christina Macpherson | business and costs, politics, UK