Nuclear Power: Finance

(asked on 10th September 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, if she will take steps to ensure that the strike price per megawatt hour of production at the proposed Sizewell and Bradwell nuclear power stations (a) reflects the market rate and (b) is not subsidised from public funds.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
Parliamentary Under-Secretary (Department of Health and Social Care)
This question was answered on 15th September 2015

Our electricity market reforms have set the right conditions for necessary investment in our energy market, and support low-carbon generation in nuclear as well as in other generating sectors. No applications for development consent to build new nuclear power stations at Sizewell and Bradwell have been made and it is too soon to say what the funding arrangements might be for these projects.

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