Sunday, June 19, 2022

#UK: Gov't Weighs Funding For New Nuclear Plant Development

[world politics news]

The UK Department for Business, Energy & Industrial Strategy (BEIS) said the government had published documents which show significant progress towards implementing a new funding model which will give nuclear projects the financial support they need and attract private investment.

The new Regulated Asset Base model will see projects receive a regulated payment from electricity suppliers. The Sizewell C project in Suffolk could be the first nuclear project to use this model, subject to the outcome of current negotiations.


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