nuclear-news

UK revamps Sizewell C nuclear funding to avoid delays

 The UK Government has announced revisions to the funding model for the
Sizewell C nuclear plant project in response to concerns over potential
delays and cost overruns. Following a consultation process, adjustments
have been made to the funding mechanisms to ensure the timely completion of
the project while also protecting consumers from financial risks. Sizewell
C is considered critical for enhancing the UK’s energy security.

There have been concerns about the sustainability of the funding model,
particularly in light of challenges faced by similar projects such as
Hinkley Point C, which experienced delays and rising costs. The government
aims to strike a balance that encourages private investment while
minimising the impact on consumers.

 Energy Live News 9th April 2024

April 11, 2024 - Posted by Christina Macpherson | politics, UK