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

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the impact assessment of the Nuclear Energy (Financing) Act 2022 published on 26 October 2021, if his Department has updated its assessment of the cost of building and financing a nuclear power plant under a Regulatory Asset Base (RAB) model.

The Government has not updated the analysis presented in the Impact Assessment for the Nuclear Energy (Financing) Act.

Individual projects being considered for RAB funding under the Act will be subject to Value for Money assessment both at the point of its designation, and as part of wider Government approvals.