Shadow climate change minister Matthew Pennycook has raised concerns over bill-payers exposure to cost overruns under the regulated asset base (RAB) funding model the government is planning to introduce for new nuclear power stations. The Labour MP was responding in parliament after energy minister Greg Hands introduced new legislation to the House of Commons on Wednesday (3 November) to pave the way for its implementation.
Concerns raised over bill-payers’ exposure to nuclear cost overruns
