Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of the regulated asset-based financing model for funding new nuclear power stations.

The Government is looking at options for the financing of new nuclear projects. A Regulated Asset Base (RAB) model has the potential to reduce the cost of raising private finance for new nuclear projects, thereby reducing consumer bills and maximising value for money for consumers and taxpayers. In 2019, we consulted on our proposals for a nuclear RAB model and we will publish our response in due course.