nuclear-news

Cost of Miliband’s nuclear plant doubles to more than £40bn

Price tag for Sizewell C project soars as ministers pursue funding deal with private investors
and the French government.

Matt Oliver Industry Editor. Szu Ping Chan Economics Editor. Jonathan Leake, Telegraph 11th June 2025,
https://www.telegraph.co.uk/business/2025/06/11/cost-of-milibands-nuclear-plant-doubles-to-more-than-40bn/

An official cost estimate for the scheme in
Suffolk, which would generate enough electricity for 6m homes, was
previously put at £20bn. But that has grown to £30bn at constant prices
– or £41bn in today’s money – with the Government set to shoulder at
least half of the upfront cost, according to industry and Whitehall
sources.

The entire scheme will ultimately be paid for by households and
businesses via their electricity bills, including through levies that will
begin during construction. The power plant’s rising price tag will
trigger concerns about future increases as Hinkley Point C, a nuclear
development in Somerset, has repeatedly overrun budgets and timescales.

June 15, 2025 - Posted by Christina Macpherson | business and costs, UK