nuclear-news

Department for Energy Security and Net Zero (DESNZ) defends Sizewell C funding which puts risk on taxpayer

 Representatives of the Department for Energy Security and Net Zero (DESNZ)
have defended the government’s funding model for Sizewell C, which places
risk on taxpayers rather than private investors.

Under the agreed final
investment decision (FID), private investors won’t have to pump more
equity into the nuclear project even if construction costs spiral.

At an oral evidence session of the Public Accounts Committee (PAC) on Monday (8
June), DESNZ civil servants were grilled about the findings of a recently
published report by the National Audit Office (NAO) into the delivery of
the 3.2GW nuclear plant, which concluded that private investors are reaping
“high” rewards from the project.

 Utility Week 8th June 2026,
https://utilityweek.co.uk/desnz-defends-sizewell-c-funding-which-puts-risk-on-taxpayer/

June 12, 2026 - Posted by Christina Macpherson | business and costs, UK