Detail of outcome
This document sets out the government response to the consultation on these matters and explains the amendments that have been made to the Regulations, both in response to issues raised in the consultation and also other minor changes that have been made with the intention of improving operability.
This consultation ran from to
The Government legislated in the Energy Act 2008 to ensure that operators of new nuclear power stations will have secure financing arrangements…
The Government legislated in the Energy Act 2008 to ensure that operators of new nuclear power stations will have secure financing arrangements in place to meet the full costs of decommissioning and their full share of waste management and disposal costs. Before construction begins, an operator of a new nuclear power station will have to submit a Funded Decommissioning Programme (FDP) for approval by the Secretary of State. The Energy Act is supported by regulations, which were subject to public consultation in spring 2010 and came into effect in April 2011.
Since the consultation the Government conducted a further consultation on draft FDP Guidance and published its updated Guidance in December 2011. As a result of views expressed in the consultation and the Government’s further work on the Guidance, the Government has concluded that the Current Regulations should be amended. The changes proposed relate to three specific areas of the current regulations: reporting requirements, independent verification and the modification of an FDP. The purpose of the consultation is to seek views on whether or not the proposals strike the right balance in setting a framework which is achievable at reasonable cost to the operator while enabling the Secretary of State to have confidence that the FDP continues to represent prudent provision for the operator’s liabilities.
Email: firstname.lastname@example.org Post: Consultation on the amendment of the Nuclear Waste and Decommissioning (Finance and Fees) Regulation
Office for Nuclear Development Department of Energy and Climate Change
Area 3D, 3 Whitehall Place