Response to BEIS consultation on whether it should move to a Regulated Asset Base (RAB) model to finance new nuclear power stations
BEIS was consulting on whether it should adopt a new approach to financing the construction of new nuclear power stations. We expressed concern that its proposals would expose consumers to risks and costs that they could not manage. We also called on BEIS to publish its strategic business case for new nuclear in order to provide more detail on why it considered this intervention might be necessary, noting that several of its advisors appeared less certain of the need for new nuclear than it was.