Sizewell C Power Station

(asked on 26th October 2020) - View Source

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

To ask Her Majesty's Government what plans they have to use the Regulated Asset Base model for the financing of the proposed Sizewell C nuclear power station; and what assessment they have made of the impact of those plans on total Government borrowing.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 9th November 2020

In 2019, the Government consulted on a Regulated Asset Base (RAB) as a possible funding model. A RAB has the potential to reduce the cost of raising private finance for new nuclear projects, thereby reducing consumer bills and maximising value for money for consumers and taxpayers. We will publish our response to the consultation in due course.

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