Civil Nuclear Road Map

Part of Backbench Business – in the House of Commons am 3:43 pm ar 22 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Andrew Bowie Andrew Bowie Parliamentary Under Secretary of State (Department for Energy Security and Net Zero) 3:43, 22 Chwefror 2024

I will not, because I do not want to eat into the time for the next debate. The taskforce will set out our aims and ambition, and the work involves close co-ordination with industry, across civil and military, to turbocharge the work already happening to develop the skills we need. We look forward to seeing the taskforce’s final recommendations very soon.

Right hon. and hon. Members raised extensive points about the road map. I have been advised that we want to give time for the next debate, so I will not be able to address them all today. However, I promised Alan Brown that I would come back to his points on Hinkley Point C and Sizewell. Hinkley Point C is not a Government project. EDF Energy is responsible for its delivery. Additional costs will not fall to the taxpayer, despite what hon. Members might read in the press.

Sizewell C will be a crucial part of the UK’s agenda for new nuclear power. As I said, we have made available a total of £2.5 billion to support the project’s development. Last year, the Government and Sizewell C started the process to bring in private equity, backed by our new regulated asset base model for nuclear, in which we have considerable confidence. The hon. Member claimed that the RAB would not deliver. It was established as an option for funding new projects, following recommendations by the National Audit Office. The most appropriate funding models will be determined by negotiations with project developers on a project-by-project basis. As I said, we have full confidence in that.

I will write to the other Members who took part in this debate to address their points, because important points were raised, but I do not want to eat any more into the time for the next debate. We have published three key documents, which reinforce the UK’s position as a leader in the civil nuclear renaissance: a civil nuclear road map, a consultation on alternative routes to market, and a consultation on proposed policy for siting new nuclear power stations. The UK needs to increase the resilience of its energy supply while reducing its emissions. For that reason, nuclear power is a source of real optimism. The continued work of my Department and Great British Nuclear will ensure that the UK has a world-leading nuclear power industry. I am very glad to work with my hon. Friend the Member for Folkestone and Hythe as we turn this plan into a reality.