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Nuclear Power: Research

Volume 507: debated on Tuesday 9 March 2010

To ask the Secretary of State for Energy and Climate Change what research his Department has undertaken into the economic viability of installing, maintaining and decommissioning new nuclear plants without public funding; and if he will make a statement. (321339)

The White Paper on Nuclear Power (2008) states that

“it will be for energy companies to fund, develop and build new nuclear power stations in the UK, including meeting the full costs of decommissioning and their full share of waste management costs”.

Section 2 of the White Paper includes more detail on the Government’s assessment of the economics of nuclear power.

As announced in the 2009 pre-Budget report, the Department of Energy and Climate Change and HM Treasury are taking forward work to ensure the electricity market framework can most effectively deliver a fair deal for the consumer and the low-carbon investment needed in the long term. This work will report back with initial findings at Budget 2010.