The Department for Energy Security and Net Zero (formerly BEIS) is implementing the Regulated Asset Base (RAB) model for nuclear power station financing, which allows private developers to recover investment costs through regulated returns over the asset's lifetime. Current work includes modifying the Sizewell C RAB licence, developing industry codes, and conducting post-implementation reviews of related regulations. This is an active energy infrastructure financing initiative.
These Regulations impose a number of obligations on persons who supply electricity in Great Britain pursuant to an electricity supply licence (granted by the Gas and Electricity Markets Authority under section 6 of the Electricity Act 1989). Those obligations principally …
Third Reading 15:55:00 Bill passed.
Report 15:20:00 Clause 2: Designation of nuclear company Amendment 1 Moved by 1: Clause 2, page 2, line 14, leave out from “project” to end and insert “will result in value for money, as evidenced by the publication of the …
Committee 15:45:00 The Deputy Chairman of Committees (Lord Brougham and Vaux) (Con): My Lords, Members are encouraged to leave some distance between themselves and others and to wear face coverings when not speaking. If there is a Division in the …
Second Reading 15:20:00 Moved by Lord Callanan: That the Bill be read a second time. The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Callanan) (Con): My Lords, the Bill establishes a new funding model for …
First Reading 15:18:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
Consideration of Bill, not amended in the Public Bill Committee New Clause 1 Report on proposed payments to a nuclear administrator or relevant licensee nuclear company “(1) Prior to making payments for the purpose described in section 41(2)(c), the Secretary …
Second Reading Mr Speaker: I inform the House that I have not selected either of the reasoned amendments. 15:57:00 The Minister of State, Department for Business, Energy and Industrial Strategy (Greg Hands): I beg to move, That the Bill be …
These Regulations bring into force specified provisions of the Nuclear Safeguards Act 2018 c.15 (“the Act”). These Regulations are the second set of commencement regulations made under the Act and bring into force the remaining provisions of the Act.
A Bill To make provision about nuclear safeguards; and for connected purposes. Originated in the Commons.
Commons Amendment 15:51:00 Motion A Moved by Lord Henley: That this House do not insist on its Amendment 3, and do agree with the Commons in their Amendment 3A in lieu. 3A: After Clause 3, insert the following new Clause— …
Message from the Commons The Bill was returned from the Commons with an amendment. The amendment was ordered to be printed. House adjourned at 9.30 pm.
Consideration of Lords amendments. Queen’s consent signified. After Clause 1 Agreements required before withdrawal 18:53:00 The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Richard Harrington): I beg to move, That this House disagrees with Lords amendment 3. …
Third Reading 15:24:00 The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Henley) (Con): My Lords, I have it in command from Her Majesty the Queen to acquaint the House that Her Majesty, having been informed …
Report 15:44:00 Relevant documents: 13th and 17th Reports from the Delegated Powers Committee Clause 1: Nuclear safeguards Amendment 1 Moved by 1: Clause 1, page 2, leave out lines 18 and 19 The Parliamentary Under-Secretary of State, Department for Business, …
Committee (2nd Day) 11:40:00 Relevant document: 13th Report from the Delegated Powers Committee Clause 1: Nuclear safeguards Amendment 7 Moved by 7: Clause 1, page 2, leave out lines 41 to 45 and insert— “(9) Before making any regulations under …
Committee (1st Day) 12:23:00 Relevant document: 13th Report from the Delegated Powers Committee Amendment 1 Moved by 1: Before Clause 1, insert the following new Clause— “Associate membership of Euratom (1) In negotiating and concluding an agreement in accordance with …
Committee (1st Day) (Continued) 15:11:00 Clause 1: Nuclear safeguards Amendment 3 Moved by 3: Clause 1, page 1, line 23, at end insert— “(c) ensuring that inspections of nuclear material, facilities and equipment for the purpose of nuclear safeguards continue …
Second Reading 16:17:00 Moved by Lord Henley: That the Bill be now read a second time. The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Henley) (Con): My Lords, before I set out the context surrounding, …
A Bill To make provision about nuclear safeguards; and for connected purposes. Originated in the Commons.
First Reading 15:38:00 The Bill was brought from the Commons, read a first time and ordered to be printed.
Consideration of Bill, not amended in the Public Bill Committee . New Clause 1 Transition period “(1) The Secretary of State shall, upon laying any statement under subsection (3A) of section 76A of the Energy Act 2013, seek to secure …
A Bill To make provision about nuclear safeguards; and for connected purposes.
A Bill To make provision about nuclear safeguards; and for connected purposes.
A Bill To make provision about nuclear safeguards; and for connected purposes.
[Relevant documents: Oral evidence taken before the Public Accounts Committee on 9 Octo ber on Hinkley Point C, HC 393. Fourth Report of the Business, Energy and Industrial Strategy Commit tee of Session 2016-17, Leaving the EU: negotiation priorities for …
A Bill To make provision about nuclear safeguards; and for connected purposes.
A Bill To make provision about nuclear safeguards; and for connected purposes.