EDF says Sizewell C “would add £6 a year to UK bills”

EDF Energy has indicated how much UK households could pay under proposals to fund the construction of the proposed Sizewell C nuclear plant through a new financing model, arguing it will add “just a few pounds a year” to the average domestic power bill. In a briefing issued on 11 June the company said households could pay about £6 a year under a proposal to fund the project, using the Regulated Asset Base or RAB model. Under this approach consumers pay upfront before the plant is built to cover construction costs and reduce overall costs.

This method of funding new nuclear is to be explored in a forthcoming Energy White Paper.