Question

To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 29 June 2015 to Question 3036, whether the estimated reduction in household bills in 2030 indicated in that Answer has changed to take into account the deal on nuclear new build with the Chinese government.

We currently estimate that a new nuclear programme could reduce average household bills by up to around £30 (real 2012 prices) in 2030. This is calculated by comparing the costs for consumers in a modelled scenario for the future electricity mix with Hinkley Point C and a further roll out of the new nuclear programme with the cost for consumers in a scenario where there are no new nuclear power stations by 2030. Savings could be higher or lower depending on changes in the cost of alternative generation technologies and what mix of technologies would ultimately be used. Earlier analysis had identified a higher saving, but other low carbon energy technologies have become far more cost competitive which has brought down the cost.