The UK Government, through the Secretary of State for Business, Energy and Industrial Strategy, is launching an open consultation from stakeholders on a proposed Regulated Asset Base (RAB) model for new nuclear power projects and its high-level design principles.

Based on the assessment conducted by the government, by providing regulated returns to investors, a RAB model has the potential to reduce the cost of raising private finance for new nuclear projects, thereby reducing consumer bills and maximizing value for money for consumers and taxpayers.

The consultation will set out the basis for the assessment and seeks views from interested parties on how a Nuclear RAB model could be implemented within the current energy system in a way that allows new nuclear to be built at low cost to consumers. It includes a set of suggested core principles that have resulted from our feasibility assessment and considers important issues such as the possible approaches to risk-sharing under such a model.

Responses can be made through RABconsultation@beis.gov.uk