Press Releases

NIA responds to the publication of the consultation on the RAB model for nuclear

22 July 2019

Commenting on the publication of the consultation on the regulated asset base (RAB) financing model for new nuclear plants, Tom Greatrex, Chief Executive of the UK Nuclear Industry Association (NIA) said:

“The RAB model promises to make a substantial contribution to reducing the cost of building the new nuclear capacity we need if we are to meet our climate change targets of reducing our reliance on fossil fuels while maintaining a secure, reliable system of power generation.

“This approach is already well established with investors in large infrastructure projects, and will reduce the cost to consumers as we replace our ageing fleet. Doing so is fundamental to meeting net zero, and we need to get on with it now.”

ENDS

 

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