Government publishes reasons for funding Sizewell C using RAB model

The Government has published its case for allowing Sizewell C to receive funding under the Regulated Asset Base (RAB) financing model, bringing the project closer to becoming reality. The draft reasons for designating Sizewell C as an eligible project are being consulted on with the Environment Agency, Office for Nuclear Regulation, Ofgem and with Sizewell C itself.

In response, Julia Pyke, Sizewell C Director of Financing and Economic Regulation, said:

“We’re really pleased at the progress the Government is making towards a decision on Sizewell C, and its preliminary assessment that the project represents value for money and would strengthen Britain’s energy security. We look forward to the outcome of the consultation on the draft reasons for designation, and will continue to work hard to develop the project so that it delivers the maximum possible benefits for communities in East Suffolk and for the UK as a whole.”