To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the value for money of the Government's new nuclear power programme compared with other alternatives; and if he will make a statement.
Answered on
1 May 2018
The published value for money case for HPC details how cost competitive new nuclear is with alternative large scale technologies in the mid-2020s.[1] Having considered this analysis the Secretary of State for BEIS was satisfied that HPC is a good deal for both consumers and investors. An assessment of value for money would also be undertaken for any future proposed new nuclear projects.
[1] https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/621400/Detailed_value_for_money_assessment.pdf