Nuclear Finance Bill passed

Posted: 15th January 2022

Government legislation to establish a new financing mechanism for nuclear power has been approved by MPs, despite Labour warnings that safeguards should be created to ensure it does not become a “milch cow” for consumers. The House of Commons voted overwhelmingly to back the legislation, which allows the Regulated Asset Base (RAB) model for financing infrastructure to be used for nuclear projects. Utility Week 12th Jan 2022  https://utilityweek.co.uk/mps-pass-nuclear-financing-bill/ Energy Live News 12th Jan 2022  https://www.energylivenews.com/2022/01/12/mps-approve-nuclear-energy-financing-bill/