Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what new nuclear projects are under consideration for a Regulated Asset Base finance model; and if he will make a statement.

We consulted in 2019 on a Regulated Asset Base (RAB) model as a possible funding model for new nuclear projects. The RAB is a generic framework and each project has its own considerations that should be taken into account when looking at how it should be financed. We will respond to the consultation in due course.