A parliamentary committee raised doubts about the UK’s plan to finance Electricite de France SA’s Sizewell C nuclear power plant, saying protecting taxpayers should be a top priority. The government is trying to attract private investors through a mechanism that shares the risk of construction costs with the public. However, this so-called regulated asset base model has considerable downside, leaving consumers unfairly exposed, according to the House of Commons Science, Innovation and Technology Committee, which advises the government. “The consumer … read more »
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