This bill lets the government finance new nuclear power plants by spreading costs across electricity bills over many years, and sets up safety rules if a nuclear company fails.
A Bill to make provision for the implementation of a regulated asset base model for nuclear energy generation projects; for revenue collection for the purposes of that model; for a special administration regime for licensees subject to that model; and about the circumstances in which bodies corporate are not associated with site operators for the purposes of programmes relating to funding the decommissioning of nuclear sites.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Greg Hands, Lord Callanan
Introduced: 2021-10-26
Royal Assent: 2022-03-31