The funding structure devised for Sizewell C envisaged that consumers would pay a levy on their electricity bills to help pay for construction costs. This is the so-called Regulated Asset Base (RAB) model. Opponents of the project have dubbed this a “nuclear tax” which will endure for decades. In contrast, Hinkley Point C will operate on the old contracts for difference model where the developers enjoy a guaranteed strike price once the reactors are operational. The original £89.50 per megawatt … read more »
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