UK Sizewell C Nuclear Project Funded by Regulated Asset Base Model

The UK Department for Energy Security and Net Zero has announced that the Sizewell C nuclear power project will be financed using the nuclear Regulated Asset Base (RAB) funding model.

• The RAB funding model will be regulated by Ofgem, the UK’s independent energy regulator.
• Revenue collection will be managed by the Low Carbon Contracts Company, which acts as the counterparty for revenue contracts under the nuclear RAB model.