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UK Nuclear Build Welfare for Investors

July 23, 2019
Sizewell C to ask customers to pay in advance to guarantee profits investors are otherwise unwilling to risk. 2c*

Energy consumers are being asked to share the cost of building new nuclear power plants, including any overrun costs. 
In a new document, the government outlined its new financing strategy for nuclear including Sizewell C, Suffolk.
It said it has proved "challenging" to fund nuclear energy plants since the Hinckley Point build in Somerset.
A new funding model would require all UK electricity customers to pay in advance through their bills.
It also allows investors to receive returns before the projects have been completed. 
It would mean "a fair sharing of costs and risks between consumers and investors" with a regulator to oversee, said the Department for Business, Energy & Industrial Strategy, (BEIS)

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