Contributions
1,391 recent contributions in Hansard
HANSARDNuclear Energy (Financing) Bill (Third sitting)I understand where the hon. Gentleman is going, but where is the fall-back?. The Secretary of State is desperate to get a nuclear deal signed off, so he just signs it off: “Yes, I…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)I appreciate that the Minister has been generous with his time. Will he clarify whether Sizewell C has an electricity generation licence? I could not find that on Ofgem’s website.18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Third sitting)The Minister made a key point: this is taxpayers’ money. Surely, we as taxpayers have a right to know, even roughly, what services will be procured from this £1.7 billion. I would…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Going back to you, Julia, the Secretary of State determines value for money, as per the Bill, in terms of entering into a contract and signing off. How does someone like me, in…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Sorry, but we are talking about looking forward for yourselves. You are hoping that RAB will facilitate the small modular reactors as well. Would that be a 60-year operational…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q But would the price fluctuation on wholesale electricity prices sit with yourselves, or would you expect that minimum floor price to minimise risk? Julia Pyke: You would expect…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Okay. The Government estimate that using the regulated asset base model will save consumers between £30 billion and £80 billion. How realistic are those projected savings? Julia…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q Does a 60-year funding model under RAB make sense given that the maximum lifespan of a nuclear power station to date has been 40 years? Why therefore is it a 60-year funding…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)I have seen that—I know some of it is up for debate. It is also about operational jobs. I will happily discuss that further.16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q How many permanent jobs would Sizewell C create? Juli a Pyke: Jobs in construction, using the National Audit Office metric, are around 70,000. Permanent jobs to operate the…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Thanks. I agree with you about offshore being a missed opportunity for manufacturing in the UK, but tidal stream actually provides that opportunity. Ms Ferns, did you want to…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q My question is to Ms Childs. I got a letter from GMB Scotland asking me as a Scottish Member of Parliament to support new nuclear projects because of the jobs that they create.…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q On what timescale do you think you could have the first SMR constructed and operating? Alan Woods: We have a very detailed schedule to get us to the first of the fleet, as we…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q We have heard arguments for new nuclear, including that nuclear power is required to provide baseload; that the UK cannot possibly meet net zero without further new nuclear; and…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Could that baseload not be created by tidal streams or other alternates that balance better with intermittent renewables? Charlotte Childs: Those alternates do not exist yet and…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q You say that the baseload argument does not stack up, but another argument is that nuclear is needed to compensate for the intermittency of renewables. How robust is that…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q In terms of alternate technologies, the Royal Society prepared a report that suggests that 11 GW of electricity generation could be provided by tidal stream technologies by…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Good morning. I will direct my initial questions to Julia. Ideally, the Bill is supposed to facilitate Sizewell C going ahead. Julia, you said that you view Sizewell C as units…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q What about decommissioning and the disposal of radioactive waste after that? Would that be at your company’s risk or would there be some sort of revenue payment for that as well…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q This is probably something that I am just not clear on myself, but in terms of the regulated asset base model that the Bill facilitates, what kind of contractual period are you…16 Nov 2021