Sizewell C Power Station: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to help support businesses affected by the Regulated Asset Base levy for Sizewell C.
Answered by Michael Shanks
The impact of Sizewell C RAB levies on consumers of the electricity system was considered as part of the business case process.
To align with the approach taken for other renewable schemes and minimise distortions, eligible GB based Energy Intensive Industries are exempt from the nuclear RAB policy costs.
Analysis shows Sizewell C could create savings of £2 billion a year across the future low-carbon electricity system once operational - leading to cheaper power for consumers https://www.gov.uk/government/publications/sizewell-c-value-for-money-assessment
The Government remains committed to supporting businesses with electricity costs. This includes targeted reliefs and broader efforts to ensure prices remain fair, competitive, and reflective of a well-functioning energy market.
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