UK Government mulls underwriting risk of new nuclear plants

The Government is considering ways of underwriting risk in the construction of new UK nuclear plants, the energy minister John Hayes has said.

EDF Energy’s proposed nuclear plant at Hinkley Point in Somerset is the most advanced plan, with the government currently negotiating a guaranteed price for the electricity it will generate – to be paid for through all UK consumer energy bills – in order to incentivise the estimated £14bn investment. Photo: Getty Imageshttp://energyandnuclear.com/2012/10/07/uk-government-mulls-underwriting-risk-of-new-nuclear-plants/