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Energy Bill

Obviously, the time scales are important, and they are likely to be long. It is not possible to say exactly when the geological repository will be built and up and running, but it will be some time hence. When a proposal is made to build a new nuclear station, the more immediate task—I appreciate the difficulties—is to seek to estimate what would be a reasonable share of decommissioning and of the costs in the geological repository. Because of the uncertainties, we believe it important to go for the fixed price concept, but also to include the risk premium.