Consumers could fund Wylfa Newydd under Government plans to kick-start the nuclear sector – with taxpayers picking up the cost if things go wrong. The £12bn Anglesey nuclear scheme was put on hold in January after Hitachi and Horizon Nuclear Power failed to reach a funding agreement with the UK Government for the plant. But now the Government has revealed how it plans to re-start that project and put life back into the development of other new nuclear stations in the UK. It is proposing a ‘Regulated Asset Base’ model with consumers paying the costs of the build and a regulator setting the price.
Daily Post 23rd July 2019 read more »