The projected cost of new nuclear power has risen by almost fourfold since the UK Government made estimates in 2008, and the cost is still rising. Nuclear analysts warn that the cost to consumers of funding Sizewell C through the so-called ‘Regulatory Asset Base’ (RAB) model will be much higher than has been projected by the Government. In 2008 as the Government argued for more nuclear power stations to be built, the Government, in a White Paper on nuclear costs, … read more »
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