Energy bills set to rise further as Labour pushes ahead with £38BILLION Sizewell C project
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Energy bills set to rise further as Labour pushes ahead with £38BILLION Sizewell C project.
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Households across Britain are set to pay more on their energy bills to help fund the new Sizewell C nuclear power station.
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The extra charges are expected to rise for years before the plant even starts producing electricity.A report from the National Audit Office published on Wednesday found that households could eventually pay up to £19 more per year on their electricity bills once the Sizewell C project becomes operational.The public spending watchdog said the average household is already paying around £4 extra during 2025-26 because of construction costs linked to the project.That figure is expected to increase to between £17 and £19 a year by the time the Suffolk nuclear power station opens in summer 2039.Sizewell C is expected to cost around £38billion to build.Once completed, the power station is expected to generate enough electricity to supply around six million homes across the UK for the next 60 years.The project uses a novel financing structure, with the Department for...
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