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Written question asked by Lord Whitehead (Labour) on Wednesday, 25 September 2019, in the House of Commons. It was due for an answer on Monday, 30 September 2019. It was answered by Nadhim Zahawi (Conservative) on Monday, 7 October 2019 on behalf of the Department for Business, Energy and Industrial Strategy.


Sizewell C Power Station

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the effect on consumer energy bills will be in each year of operation of a regulated asset base agreement for the proposed Sizewell C nuclear power station (a) prior to electricity production and (b) after electricity production has started.

Answer

We are consulting to 14 October on whether a Regulated Asset Base (RAB) model could be applied for future nuclear projects as an alternative funding model to Contract for Differences (CfDs).

Our intention is that consumer affordability would be considered and assessed for any project prior to granting a nuclear RAB licence. We will reflect on responses to the consultation before deciding next steps for a nuclear RAB and its design.


Secondary information

Type
Written question
Reference
290553
Session
2017-19
Related items
Leasehold: Misrepresentation
Thursday, 9 January 2020
Written questions
House of Commons
Subjects
Energy Prices Sizewell C power station
Contains statistics
Yes
Link
View this Written question on www.parliament.uk