For all the latest news stories visit www.eibi.co.uk NUCLEAR ENERGY COSTS


Cost of Sizewell C to land on business energy bills


The cost of building the £40bn Sizewell C nuclear power plant is set to add more than £200,000 a year to major UK businesses’ energy bills, already among the highest in Europe. Companies that use a lot of electricity but do not qualify for exemptions will have to pay levies of about £221,000 to fund Sizewell C during 2026 alone, according to analysis published by Cornwall Insight.


The new power station is not anticipated to open before 2039. By that time, each of these businesses will have paid out approaching £3bn towards the new power station’s construction, all before being able to purchase a single kilowatt hour of electricity. At its sister nuclear power station, Hinkley


Point C, all construction costs are being borne by its developers, until it starts actually producing power. Originally promised as opening back in 2017, Hinkley is still under construction, and is currently forecast not to open before 2032. Special legislation empowers funders of the


new Sizewell station, which include Centrica and EDF, to place most of their costs upon all consumer bills throughout the construction period. This applies even to those buying their electricity from other companies. Investment to upgrade and develop new


electricity cables is separately set to add a further £100,000 in costs for large businesses not shielded by exemptions from April 2026, climbing to £250,000 by 2030. The combined effect of both sets of charges amounted to a roughly 5% increase on energy bills for affected companies, Cornwall Insight found. About 500 of the very biggest UK electricity


users currently get a 60% discount off their network charges, which will rise to 90% next year. The same group would also be exempt from the nuclear levy, the government has confirmed. However, that leaves many significant electricity users facing the full brunt of the costs. Water utilities, transport operators, the public sector, and retailers are the most exposed, Cornwall Insight said.


Great British Energy expands solar scheme to military sites


Military bases will join schools and NHS facilities in benefiting from an expansion of Great British Energy’s solar programme. The latest phase will see an additional £75m invested in solar panels and other renewable technologies, bringing the total value of the scheme to £255m. Around 15 military sites, 250 schools and more than 270 NHS facilities are expected to take part. Under a new


partnership with the Ministry of Defence, solar panels and micro-wind turbines will be installed on military sites, including remote training grounds and equipment stations, where running costs are typically higher. The Department for Energy Security and Net Zero said the


initiative would help reduce energy bills for public services, with savings redirected into healthcare, education and defence. Hospitals included in the expansion range from large teaching centres to community and mental health facilities. The additional funding builds on a £180m investment announced in March, which has already supported schools and hospitals across England in cutting their energy costs.


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