The UK government has proposed a new nuclear ‘Regulated Asset Base’ (RAB) funding model. Meanwhile, EDF maintain they can bring down the cost of new nuclear at Sizewell C by 20% and build on-time. But we conclude that past experience suggests otherwise. The question is, will the new nuclear RAB model produce power that is competitive with other options for reducing climate change emissions, such as energy management and efficiency, onshore and offshore wind, and solar? Detailed Response to UK Govt BEIS Consultation on RAB (Regulated Asset Base) new nuclear funding model: The Proposed RAB Financing Method, Prof Steve Thomas, Prof Tom Burke, Prof Peter Bradford and Dr Paul Dorfman.
NCG 16th Oct 2019 read more »