Energy UK comments on the BEIS consultation on the proposed Regulated Asset Base (RAB) model for new nuclear power projects
Responding to the BEIS consutlation published today on the proposed Regulated Asset Base (RAB) model for new nuclear power projects Energy UK's chief executive, Lawrence Slade, said:
“Major low-carbon projects like new nuclear power plants and Carbon Capture Usage and Storage (CCUS) will play a vital role if the UK is to reach the net-zero target by 2050 – so we need to look carefully at the challenge of enabling investment of the scale required while keeping the cost down for consumers.
“So we welcome the Government’s consultation on the Regulated Asset Base (RAB) funding model. It offers the potential to reduce overall project costs compared to other funding models – and therefore keep the amount passed through to customer bills as low as possible.”