EDF has put forward a new plan to help pay for its proposed Sizewell C nuclear plant which would involve increasing household energy bills by “perhaps £6” annually, as reported by BBC Radio 4 on Tuesday 11 June. This supplement on consumers’ bills would pay part of the cost of the proposed plant in advance and lower financing costs. EDF also estimated that it could build the plant for £16bn instead of the £20bn that Hinkley Point C is estimated to cost. It was also reported that the government is expected to publish a consultation document on the new financing plan “shortly”.
