Prospect trade union has welcomed the government's announcement
of a new Regulated Asset Base (RAB) funding model for future
nuclear power stations and called for all parties to back it.
The trade union, which represents thousands of nuclear workers,
recently published a joint statement with Unite and GMB unions
calling for this legislation and committing to support it. The
statement can be found here: https://prospect.org.uk/news/energy-unions-issue-call-for-nuclear-funding-plan-to-be-brought-forward/
However Prospect also called for government to go further by
pledging to agree multiple new build projects by the end of the
parliament, currently they have only committed to one.
Reacting to the announcement, Prospect Senior Deputy General
Secretary Sue Ferns said:
“A new generation of nuclear power stations is a fundamental part
of the UK’s Net Zero transition, but for too long these plans
have been held up because of the lack of a workable funding
strategy.
“We welcome this new funding plan which should give a boost to
new projects and enable progress on constructing new power
stations, generating green energy and securing the future for our
world-class nuclear workforce.
“We call on all parties to help make this new funding plan work,
and urge the government to use this momentum to upgrade their
ambitions and agree multiple new build projects by the end of
this parliament.”
