nuclear-news

UK government in “poor negotiating position” as Centrica vague about investing in the new Sizewell C nuclear power station.

Energy supplier Centrica has announced plans to invest in the new Sizewell
C nuclear power station – but campaigners say the move demonstrates the
government’s “poor negotiating position”.

Stop Sizewell C, which is opposed
to the power station, said any investors in the project could demand higher
rates of return, piling further costs on consumer bills. The government has
announced that the power station will be part-funded by adding costs to
people’s energy bills.

A spokesperson for the group said: “Chris O’Shea’s
comments show what a poor negotiating position the government is in, having
committed so much taxpayers’ money to Sizewell C without any guarantees
that private investors will take a stake. “Any investors still interested
in this risky project can demand high rates of return, but the higher the
return, the greater the burden on consumer bills during Sizewell C’s
lengthy and uncertain construction. It’s a lose lose situation for
households.”

 East Anglian Daily Times 20th Feb 2025, https://www.eadt.co.uk/news/24951657.size-sizewell-stake-1-50/

February 23, 2025 - Posted by Christina Macpherson | business and costs, UK