According to a recent report in the FT, the UK government has drawn up new legislation to underpin a financing plan for the new Sizewell C nuclear site in Suffolk. This will involve thousands of UK households paying more for their energy bills in order to finance the new site even before it starts to generate electricity. It’s estimated that the Sizewell C site, which has been proposed by EDF, will cost £20bn to build. Previously, Prime Minister Boris Johnson has said that he would like the government to reach a final investment decision on “at least one” new nuclear power station before the next general election.
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