UK Parliament / Open data

Nuclear Energy (Financing) Bill

Proceeding contribution from Richard Graham (Conservative) in the House of Commons on Wednesday, 3 November 2021. It occurred during Debate on bills on Nuclear Energy (Financing) Bill.

My hon. Friend is making some good points about the incredible efficiency of nuclear power operating 24 hours a day. On the specific point of how to finance new nuclear power, does he agree that, when the financing for Hinkley Point was being developed almost a decade ago, it would have been impossible to do a regulated asset-based proposal because, having not built a new nuclear power station for a generation, the risks to the taxpayer would have been enormous? Now that Hinckley Point is being done, however, we can take that same model on to Sizewell C and then hopefully on to Wylfa and elsewhere, gaining experience, expertise and reductions in cost as we go along. Does he agree that this is therefore the right model at this time?

Type
Proceeding contribution
Reference
702 c995 
Session
2021-22
Chamber / Committee
House of Commons chamber
Back to top