New U.K. finance model expected to cut cost of new nuclear
October 28, 2021, 9:30AMNuclear News
A new funding model has been introduced by the U.K. government to attract a wider range of private investment into new nuclear power projects, cutting the cost of financing them and reducing the cost to consumers.
The Nuclear Energy (Financing) Bill, announced by the government on October 26, will use a model known as the Regulated Asset Base (RAB) to fund future nuclear power plants in Britain. The model is tried and tested, according to the government, and has successfully financed other infrastructure projects, such as the U.K.’s Thames Tideway Tunnel and Heathrow Terminal 5.
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