Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government whether (1) retail, and (2) industrial energy, consumers will contribute via a Regulated Asset Base model to the building of a new nuclear power station in the UK; and if so, how this will be calculated.
The Nuclear Energy (Financing) Bill will require all GB-licenced suppliers to make contributions to a revenue collection counterparty under a Regulated Asset Base (RAB) model. We expect that suppliers’ contributions will be calculated based on their expected share of the energy market.
The Government will consult on draft regulations implementing the detailed requirements of RAB revenue arrangements before they are introduced.