https://www.politico.eu/article/energy-bills-rise-under-uk-government-plans-fund-nuclear/

LONDON — The U.K. government is mulling plans which would hike household energy bills to help pay for a new nuclear energy plant.

Ministers are considering tweaking the funding deal for Sizewell C, a proposed £20 billion nuclear plant in Suffolk, as they scramble to attract investors.

Under one proposal being looked at in Whitehall, the development would be part funded by electricity suppliers — and those firms “would be expected to pass these costs onto consumers through their electricity bills,” according to a consultation paper on the plans.

The Department for Energy Security and Net Zero is set to publish its response to that consultation later this week, according to two industry figures granted anonymity to discuss the process.

Officials insist potential additional charges to consumers would be low. But any move leading to higher bills would be controversial during a cost-of-living crisis driven by two years of rising energy costs.

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https://www.politico.eu/article/energy-bills-rise-under-uk-government-plans-fund-nuclear/