To ask the Secretary of State for Energy and Climate Change, pursuant to her oral contribution of 18 January 2016, Official Report, column 1152, on subsidies for low carbon power, what recent estimate she has made of the year by which new nuclear generation at (a) Hinkley point C, (b) Sizewell C, (c) Wylfa Newydd, (d) Oldbury and (e) Moorside is likely to operate on a subsidy-free basis; and if she will make a statement.
29 January 2016
Our electricity market reforms have set the right conditions for necessary investment in our energy market, and support low-carbon generation in nuclear as well as in other generating sectors.My rt. hon. Friend the Secretary of State expects to be in a position to take her final decision on the Contract for Difference and associated agreements for Hinkley Point C once the documentation relating to equity investment into the project is finalised. The Contract for Difference would provide revenue support during the operational phase of Hinkley Point C for a period of 35 years. No applications for development consent to build new nuclear power stations at the other sites have been made and it is too soon to say what the funding arrangements might be for these projects proposed by developers.