Urenco response to UK Nuclear Energy (Financing) – Bill

We welcome the introduction of the Nuclear Energy (Financing) Bill today in the UK Parliament, which, if passed, will introduce a regulated asset base (RAB) model for the financing of new nuclear power plants.

The RAB model is central to reducing the cost of building the new nuclear capacity the UK urgently requires if it is to transition to net zero and reduce the reliance on fossil fuels, while maintaining a secure, reliable system of power generation.

The RAB approach is already well established with investors in large infrastructure projects, and should reduce the cost to consumers as the UK replaces the current ageing fleet of reactors.

Read more in the UK Department, for Business, Energy and Industrial Strategy press release

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