Changes have been made to the terms of Sizewell C’s funding model to ensure consumers are protected from potential construction delays and cost overruns. The government has introduced a tiered approach to delay penalties with staggered incremental increases and higher penalties for longer delays. It follows concerns raised by Ofgem that consumers will be left on the hook for potential cost overruns and delays to the construction of the nuclear power plant.
Sizewell C to face higher construction penalties to protect consumers from delays
