Nuclear Power: Finance
(asked on 25th June 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what plans they have to finance new nuclear generation through (1) the use of long-term borrowing, and (2) partnering with the private sector, in order to achieve their net-zero target for greenhouse gas emissions by 2050.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 9th July 2020
We are looking at options for the financing of new nuclear projects. In 2019, we consulted on a Regulated Asset Base as a possible funding model for future nuclear projects. We will respond to the consultation in due course.