Source · Select Committees · Science, Innovation and Technology Committee
Eighth Report - Delivering nuclear power
Science, Innovation and Technology Committee
HC 626
Published 31 July 2023
Recommendations
41
Rejected
Para 219
Publish detailed financial figures on construction risk and cost to taxpayers for new gigawatt nuclear.
Recommendation
So far, the Government has not published financial figures which allow the cost of this risk transfer to be known. The Government must publish figures, before signing contracts for new gigawatt-scale nuclear, which allow a proper assessment of value for …
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Government Response Summary
The government stated that while capital costs are under scrutiny, publishing sensitive financial information, including construction risk costs, prior to a final investment decision (FID) could undermine negotiations. It reaffirmed its commitment to publish a value for money assessment before taking an FID for Sizewell C, having already published one at the designation stage.
Department for Science, Innovation and Technology
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