DESNZ annual report 2025 to 2026: Annexes (unaudited) (HTML)
Published 16 July 2026
© Crown copyright 2026
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Annex A: Common core tables
Table 1 – Total departmental spending, 2021-22 to 2026-27
This table provides a summary of departmental net expenditure using the same headings as voted within the Estimate.
| 2021-22 Outturn £’000 |
2022-23 Outturn £’000 |
2023-24 Outturn £’000 |
2024-25 Outturn £’000 |
2025-26 Outturn £’000 |
2026-27 Plans £’000 |
|
|---|---|---|---|---|---|---|
| Affordable energy | 89,900 | 12,623,243 | 138,286 | 190,165 | 172,607 | 238,826 |
| Energy system | 903,061 | (589,778) | (190,209) | 92,378 | 37,523 | 59,080 |
| Climate change and decarbonisation | 215,060 | 95,142 | 141,619 | 173,728 | 205,399 | 141,687 |
| Energy legacy | 195,682 | 195,942 | 173,484 | 157,086 | 160,124 | 166,623 |
| Science and Research | 2,984 | 2,954 | 3,029 | 3,036 | 2,958 | 2,800 |
| Deliver an ambitious industrial strategy | 6,525 | - | (361) | - | (3) | - |
| Capability | 254,696 | 297,008 | 327,605 | 368,174 | 586,430 | 382,901 |
| Energy system (ALB) net | (3,288) | 332 | 9,876 | 5,357 | 8,077 | 20,501 |
| Climate change and decarbonisation (ALB) net | 14,305 | 19,758 | 36,724 | 40,518 | 69,629 | 98,687 |
| Energy legacy (ALB) net | 35,260 | 32,500 | 47,555 | 57,610 | 56,831 | 69,118 |
| Science and Research (ALB) net | (332) | (846) | (923) | (832) | (618) | 1,265 |
| Government as Shareholder (ALB) net | (404) | 76 | 41 | 8 | 2 | 50 |
| NDA and SLC expenditure (ALB) net | 1,427,343 | 1,538,372 | 1,582,949 | 1,484,362 | 1,550,084 | 1,445,500 |
| Nuclear Decommissioning Authority Income (CFER) | (693,854) | (1,033,318) | (971,813) | (1,146,825) | (1,006,651) | (606,000) |
| Total Resource DEL | 2,446,938 | 13,181,385 | 1,297,862 | 1,424,765 | 1,842,392 | 2,021,038 |
| Current grants to persons and non-profit (net) | 84,324 | 12,488,008 | (7,116) | 68,357 | 56,919 | 2,336 |
| Income from sales of goods and services | (710,000) | (1,049,659) | (982,845) | (1,162,933) | (1,024,011) | (633,034) |
| Other resource | (979,860) | (921,014) | (,125,033) | (1,366,233) | (1,624,747) | (206,762) |
| Purchase of goods and services | 2,609,252 | 2,675,850 | 3,109,594 | 3,240,068 | 3,707,622 | 2,234,463 |
| Rentals | (1,389) | (1,528) | (3,640) | (1,407) | (808) | 15,976 |
| Staff costs | 437,428 | 496,809 | 447,325 | 541,945 | 594,336 | 464,204 |
| Subsidies to private sector companies | - | 60,978 | 662 | 1,544 | 172 | 25,575 |
| Subsidies to public corporations | 895,000 | (628,943) | (266,057) | - | - | - |
| Take up of provisions | (1,817) | 1,186 | 7,936 | 20 | (7,223) | - |
| Unwinding of discount rate on pension scheme liabilities | - | - | - | - | (6,497) | - |
| Change in pension scheme liabilities | (3) | 1 | 60 | 5 | 9 | - |
| Current grants abroad (net) | 95,439 | 34,495 | 45,613 | 68,494 | 114,174 | 87,113 |
| Current grants to local government (net) | 18,564 | 25,202 | 71,363 | 34,905 | 32,446 | 31,167 |
| Affordable energy | 339,062 | 31,137,649 | 832,299 | (73,964) | 26 | 2,580,572 |
| Energy system | 192 | (256,296) | (436,960) | (45,422) | (4,289) | 9,100,000 |
| Climate change and decarbonisation | (462) | (3,480) | 18,024 | 11,351 | (3,237) | 4,042,974 |
| Energy legacy | (78,736) | (51,441) | (126,891) | (148,650) | (100,318) | (80,881) |
| Science and Research | 43,988 | (69,240) | (16,192) | 18,929 | 208,049 | 107,200 |
| Capability | 24,656 | 13,953 | 58,318 | 13,311 | 44,913 | 17,675 |
| Government as Shareholder | 21 | (37) | - | - | - | - |
| Renewable Heat Incentive | 919,555 | 1,001,880 | 1,218,131 | 1,213,370 | 1,226,870 | 1,288,000 |
| Deliver an ambitious industrial strategy | 2,814 | (14,051) | (478) | - | - | - |
| Energy system (ALB) net | 249 | - | 4 | 9,030 | 10,064 | 1,678 |
| Climate change and decarbonisation (ALB) net | 10,016,686 | (13,506,172) | 4,009,678 | 2,414,396 | 21,495,483 | 55,501,908 |
| Energy legacy (ALB) net | 3,117,194 | (3,375,984) | (578,008) | 121,472 | (120,219) | 1,554,313 |
| Science and Research (ALB) net | 8,233 | 5,935 | 12,031 | 12,316 | 60,749 | 39,415 |
| Government as Shareholder (ALB) net | (84,810) | (87,548) | (86,285) | (83,577) | (86,611) | (80,000) |
| Nuclear Decommissioning Authority (ALB) net | (100,605,669) | (110,364,232) | (18,371,822) | 5,573,594 | 5,858,211 | 3,572,000 |
| Energy system (CFER) | - | - | - | - | - | (169,800) |
| Total Resource AME | 114,914,311 | (95,569,064) | (13,468,151) | 9,036,156 | 28,589,691 | 77,475,054 |
| Current grants to persons and non-profit (net) 148,768 | 20,378,499 | 978,928 | 140,435 | 94,986 | 16,967 | |
| Depreciation | 10,473,899 | (13,236,278) | 6,119,364 | 4,818,959 | 24,696,656 | 68,835,226 |
| Other resource | 82,711 | 680,638 | (2,126,648) | (2,117,457) | (2,740,071) | (249,650) |
| Purchase of goods and services | 2,754 | 6,963 | 3,284,645 | 4,560 | 22,713 | - |
| Release of provision | (3,304,065) | (3,281,469) | (7,215,332) | (4,019,026) | (4,025,340) | (202,723) |
| Staff costs | - | 4 | - | - | 7 | - |
| Subsidies to private sector companies | 777,246 | 8,361,800 | 1,102,982 | 1,110,899 | 1,124,998 | 3,868,000 |
| Subsidies to public corporations | 345,889 | (345,889) | - | - | - | - |
| Take up of provisions | 106,387,109 | (108,133,332) | (15,612,090) | 9,097,786 | 9,379,186 | 5,207,154 |
| Unwinding of discount rate on pension scheme liabilities | - | - | - | - | (53,140) | 80 |
| Change in pension scheme liabilities | - | - | - | - | 89,696 | - |
| Total Resource Budget | 117,361,249 | (82,387,679) | (12,170,289) | 10,460,921 | 30,432,083 | 79,496,092 |
| Current grants to persons and non-profit (net) | 233,092 | 32,866,507 | 971,812 | 208,792 | 151,905 | 19,303 |
| Depreciation | 10,473,899 | (13,236,278) | 6,119,364 | 4,818,959 | 24,696,656 | 68,835,226 |
| Income from sales of goods and services | (710,000) | (1,049,659) | (982,845) | (1,162,933) | (1,024,011) | (633,034) |
| Other resource | (897,149) | (240,376) | (3,251,681) | (3,483,690) | (4,364,818) | (456,412) |
| Purchase of goods and services | 2,612,006 | 2,682,813 | 6,394,239 | 3,244,628 | 3,730,335 | 2,234,463 |
| Release of provision | (3,304,065) | (3,281,469) | (7,215,332) | (4,019,026) | (4,025,340) | (202,723) |
| Rentals | (1,389) | (1,528) | (3,640) | (1,407) | (808) | 15,976 |
| Staff costs | 437,428 | 496,813 | 447,325 | 541,945 | 594,343 | 464,204 |
| Subsidies to private sector companies | 777,246 | 8,422,778 | 1,103,644 | 1,112,443 | 1,125,170 | 3,893,575 |
| Subsidies to public corporations | 1,240,889 | (974,832) | (266,057) | - | - | - |
| Take up of provisions | 106,385,292 | (108,132,146) | (15,604,154) | 9,097,806 | 9,371,963 | 5,207,154 |
| Unwinding of discount rate on pension scheme liabilities | - | - | - | - | (59,637) | 80 |
| Change in pension scheme liabilities | (3) | 1 | 60 | 5 | 89,705 | - |
| Current grants abroad (net) | 95,439 | 34,495 | 45,613 | 68,494 | 114,174 | 87,113 |
| Current grants to local government (net) | 18,564 | 25,202 | 71,363 | 34,905 | 32,446 | 31,167 |
| Affordable energy | 1,256,202 | 365,271 | 706,012 | 1,259,371 | 1,431,524 | 1,751,587 |
| Energy system | 1,005,678 | 2,076,559 | (325,713) | (2,025,259) | 116,012 | 106,870 |
| Climate change and decarbonisation | 581,542 | 421,343 | 613,699 | 706,288 | 847,707 | 445,310 |
| Energy legacy | 5,620,909 | 9,131 | 7,474 | 17,130 | 9,070 | 2,415 |
| Science and Research | 230 | - | 28,576 | 70,464 | 9,172 | 970 |
| Capability | 21,363 | 3,635 | 133,676 | 26,012 | 181,270 | (329,793) |
| Energy system (ALB) net | - | 840,898 | 1,274,171 | 1,688,707 | 4,725,127 | 273,500 |
| Climate change and decarbonisation (ALB) net | 2,500 | 1,628 | 3,602 | 446,064 | 1,043,243 | 3,125,750 |
| Energy legacy (ALB) net | 25,769 | 24,311 | 16,904 | 31,711 | 44,245 | 31,083 |
| Science and Research (ALB) net | 233,724 | 264,318 | 277,053 | 382,791 | 514,836 | 429,500 |
| Government as Shareholder (ALB) net | (59,398) | - | - | - | - | - |
| NDA and SLC expenditure (ALB) net | 2,023,096 | 2,192,595 | 2,392,120 | 2,637,432 | 2,534,445 | 2,710,000 |
| Nuclear Decommissioning Authority Income (CFER) | - | - | (129) | (74) | - | - |
| Total Capital DEL | 10,711,615 | 6,199,689 | 5,127,445 | 5,240,637 | 11,456,651 | 8,547,192 |
| Current grants to persons and non-profit (net) | 2,902 | 47,703 | 139,950 | 153,734 | 16,793 | 14,000 |
| Income from sales of assets | (159) | (7,444) | (173) | (1,259) | (179) | - |
| Income from sales of goods and services | (42,787) | (54,752) | (72,110) | (52,647) | (39,469) | (350) |
| Net lending to the private sector and abroad | 277,550 | 9,538 | (81,581) | 32,879 | 30,936 | 256,500 |
| Other capital | 5,566,017 | 885 | 25,430 | 40,600 | 154,786 | - |
| Purchase of assets | 2,109,071 | 2,906,675 | 3,677,204 | 4,728,509 | 8,701,734 | 5,339,352 |
| Purchase of goods and services | 251,192 | 480,382 | 527,211 | 580,001 | 404,154 | 613,217 |
| Staff costs | 109,814 | 126,771 | 164,200 | 194,642 | 210,746 | 898 |
| Take up of provisions | 125 | - | - | 693 | - | - |
| Capital grants abroad (net) | 198,924 | 209,404 | 280,060 | 313,924 | 656,396 | 183,500 |
| Capital grants to persons and non-profit (net) | 4,063 | (70) | 71,546 | - | - | - |
| Capital grants to private sector companies (net) | 254,520 | 150,403 | 179,842 | 421,046 | 343,757 | 1,132,808 |
| Capital support for local government (net) | 641,001 | (153,663) | 57,743 | 588,898 | 462,742 | 996,267 |
| Capital support for public corporations | 1,339,382 | 2,483,857 | 158,094 | (1,760,392) | 514,188 | - |
| Current grants abroad (net) | - | - | 29 | 9 | 67 | 11,000 |
| Energy legacy | 23,091 | - | 14,099 | - | (7,623) | - |
| Capability | - | - | - | - | (7) | - |
| Energy system (ALB) net | - | - | 76,500 | 51,967 | (1,857) | 2,807,442 |
| Climate change and decarbonisation (ALB) net | 54 | 74 | (74) | - | 168 | - |
| Energy legacy (ALB) net | - | 558 | (225) | - | 738 | 146 |
| Science and Research (ALB) net | (2,342) | (1,986) | (7,811) | (3,674) | (5,168) | - |
| Energy legacy (CFER) | (142,400) | (142,400) | (142,400) | - | - | - |
| Total Capital AME | (121,597) | (143,754) | (59,911) | 48,293 | (13,749) | 2,807,588 |
| Net lending to the private sector and abroad | (142,400) | (142,400) | (142,400) | - | - | - |
| Other capital | 23,091 | - | 14,099 | - | (6,847) | 77 |
| Purchase of assets | - | - | 76,500 | 51,967 | (2,093) | 2,744,815 |
| Purchase of goods and services | (2,342) | (1,986) | (7,811) | (3,674) | (5,168) | - |
| Release of provision | - | - | - | - | - | (2,075) |
| Staff costs | - | - | - | - | (7) | - |
| Take up of provisions | 54 | 632 | (299) | - | 366 | 64,771 |
| Total Capital Budget | 10,590,018 | 6,055,935 | 5,067,534 | 5,288,930 | 11,442,902 | 11,354,780 |
| Current grants to persons and non‑profit (net) | 2,902 | 47,703 | 139,950 | 153,734 | 16,793 | 14,000 |
| Income from sales of assets | (159) | (7,444) | (173) | (1,259) | (179) | - |
| Income from sales of goods and services | (42,787) | (54,752) | (72,110) | (52,647) | (39,469) | (350) |
| Net lending to the private sector and abroad | 135,150 | (132,862) | (223,981) | 32,879 | 30,936 | 256,500 |
| Other capital | 5,589,108 | 885 | 39,529 | 40,600 | 147,939 | 77 |
| Purchase of assets | 2,109,071 | 2,906,675 | 3,753,704 | 4,780,476 | 8,699,641 | 8,084,167 |
| Purchase of goods and services | 248,850 | 478,396 | 519,400 | 576,327 | 398,986 | 613,217 |
| Release of provision | - | - | - | - | - | (2,075) |
| Staff costs | 109,814 | 126,771 | 164,200 | 194,642 | 210,739 | 898 |
| Take up of provisions | 179 | 632 | (299) | 693 | 366 | 64,771 |
| Capital grants abroad (net) | 198,924 | 209,404 | 280,060 | 313,924 | 656,396 | 183,500 |
| Capital grants to persons and non-profit (net) | 4,063 | (70) | 71,546 | - | - | - |
| Capital grants to private sector companies (net) | 254,520 | 150,403 | 179,842 | 421,046 | 343,757 | 1,132,808 |
| Capital support for local government (net) | 641,001 | (153,663) | 57,743 | 588,898 | 462,742 | 996,267 |
| Capital support for public corporations | 1,339,382 | 2,483,857 | 158,094 | (1,760,392) | 514,188 | - |
| Current grants abroad (net) | - | - | 29 | 9 | 67 | 11,000 |
| Total Departmental Spending (excl. depreciation) | 117,477,368 | (63,095,466) | (13,222,119) | 10,930,892 | 17,178,329 | 22,015,646 |
| Total DEL (excl. depreciation) | 13,158,553 | 19,381,074 | 6,425,307 | 6,665,402 | 13,299,043 | 10,568,230 |
| Total AME (excl. depreciation) | 104,318,815 | (82,476,540) | (19,647,426) | 4,265,490 | 3,879,286 | 11,447,416 |
Notes
Totals for Resource DEL and AME for 2024-25 and 2025-26 are different to those shown in the Statement of Parliamentary Supply due to the reclassifcation of ringfenced depreciation costs from DEL to AME. Although the change takes effect from 1 April 2026, Budget Regime Changes are applied to all live years on the HMT OSCAR database (from where these tables are published) from the date of the classification change.
The increases in spend from 2026-27 on energy system (ALB) net Capital AME are due to the reclassification of Sizewell C from Capital DEL.
The large increase in spend in 2022-23 on affordable energy Resource DEL and Resource AME is due to the energy prices support schemes.
The large increase in spend in 2021-22 and subsequent credits in 2022-23 and 2023-24 on energy system Resource DEL is due to the energy special administration regime.
The credits in 2022-23, 2023-24 and 2024-25 on energy system Resource AME are due to the energy special administration regime.
The large increase in spend in 2021-22 and 2022-23 and credits in 2023-24 and 2024-25 on Energy system Capital DEL is due to the energy special administration regime.
The large increase in spend in 2021-22 on energy legacy Capital DEL is due to the Nuclear Liabilities Fund.
The increases in spend since 2022-23 on energy system (ALB) net Capital DEL is due to Sizewell C and Great British Nuclear.
The figures for depreciation in Resource AME include the movement in fair value for Contracts for Difference, shown against climate change and decarbonisation (ALB).
The large movements in take up of provisions within Resource AME is due to movements in the long term discount rate for provisions. This largely impacts the lines for Nuclear Decommissioning Authority and energy legacy (ALB).
For more details of the payments made by Ofgem, as the administrator of the G B Renewable Heat Incentive scheme, please see the fraud and error disclosure on page 80 of the performance report.
Table 2 – Administration budget, 2021-22 to 2026-27
| 2021-22 Outturn £’000 |
2022-23 Outturn £’000 |
2023-24 Outturn £’000 |
2024-25 Outturn £’000 |
2025-26 Outturn £’000 |
2026-27 Plans £’000 |
|
|---|---|---|---|---|---|---|
| Resource DEL | ||||||
| Capability | 235,772 | 285,313 | 302,457 | 347,832 | 383,174 | 373,685 |
| Climate change and decarbonisation (ALB) net | 4,099 | 6,047 | 6,692 | 7,511 | 2,824 | 8,609 |
| Energy legacy (ALB) net | 1,760 | (2,767) | 1,975 | 1,906 | 1,900 | 4,401 |
| Government as Shareholder (ALB) net | 36 | 35 | 38 | 8 | 2 | 50 |
| NDA and SLC expenditure (ALB) net | 35,456 | 30,497 | 32,016 | 31,500 | 31,998 | 31,500 |
| Total administration budget | 277,123 | 319,125 | 343,178 | 388,757 | 419,898 | 418,245 |
| Of which: | ||||||
| Current grants to persons and non-profit (net) | 394 | 751 | 785 | 215 | 352 | 283 |
| Income from sales of goods and services | (1,979) | (2,545) | (1,679) | (924) | (1,126) | (10) |
| Other resource | (140,117) | (152,230) | (76,110) | (85,824) | (114,290) | (162,831) |
| Purchase of goods and services | 104,266 | 133,885 | 128,489 | 139,311 | 161,032 | 212,961 |
| Rentals | 239 | (14) | (202) | 378 | 1,991 | 15,000 |
| Staff costs | 314,074 | 338,940 | 291,580 | 335,004 | 371,768 | 352,787 |
| Subsidies to private sector companies | - | - | 94 | 329 | - | - |
| Change in pension scheme liabilities | 2 | - | - | - | - | - |
| Current grants abroad (net) | 244 | 338 | 221 | 23 | 171 | 55 |
| Current grants to local government (net) | - | - | - | 245 | - | - |
Annex B: Financial information by ALB
The table below shows the total operating income, total operating expenditure, net expenditure for the year, and staff numbers and costs for each of our ALBs.
The figures below will not tie directly to the published ALB accounts as they include some adjustments which would have been captured in the ALB’s accounts in the previous year.
The staff costs and numbers for nuclear site licence companies (SLCs) are not included in the table below - as they are included in the amount shown for utilisation in the NDA’s nuclear decommissioning provision in note 18.
Financial Information by ALB, 2025-26
| Total Operating income £m |
Total Operating expenditure £m |
Net expenditure for the year (including financing) £m |
Permanently employed staff: Number of employees £m |
Permanently employed staff: Staff costs £m |
Other staff: Number of employees £m |
Other staff: Staff costs £m |
|
|---|---|---|---|---|---|---|---|
| Core department | (104) | 9,533 | 9,356 | 4,700 | 404 | 80 | 16 |
| UK Atomic Energy Authority | (379) | 477 | 111 | 1,929 | 160 | 394 | 37 |
| Enrichment Holdings Limited | - | - | (71) | - | - | - | - |
| North Sea Transition Authority | (43) | 43 | - | 240 | 27 | - | - |
| NDA | (935) | 7,135 | 8,969 | 349 | 54 | 44 | 6 |
| Mining Remediation Authority | (25) | (122) | (70) | 414 | 31 | 44 | 1 |
| Civil Nuclear Police Authority | (174) | 177 | 4 | 1,233 | 130 | 17 | 1 |
| Electricity Settlements Company | (1,617) | 1,617 | - | - | - | - | - |
| Sellafield Limited | - | - | - | - | - | - | - |
| Dounreay Site Restoration Ltd | - | - | - | - | - | - | - |
| Low Carbon Contracts Company | (192) | 305 | 24,555 | 274 | 24 | - | (2) |
| Great British Nuclear | (2) | 25 | 19 | 98 | 9 | 136 | 3 |
| Salix | (1) | 31 | 30 | 217 | 13 | 4 | 1 |
| Sizewell C | - | 16 | (6) | 1,004 | 1 | - | - |
| Nuclear Restoration Services Limited | - | - | - | - | - | - | - |
| Nuclear Waste Services Limited | - | - | - | - | - | - | - |
| Liverpool Bay CCS Limited | - | - | 21 | 33 | - | 30 | - |
| Net Zero North Sea Storage Ltd | - | 24 | (25) | 14 | - | 2 | - |
| Great British Energy | - | 14 | 14 | 56 | 6 | 17 | 2 |
| Consolidation adjustments | (2,692) | (4,975) | (7,607) | - | (72) | - | - |
| Total departmental group | (6,164) | 14,300 | 35,300 | 10,561 | 787 | 768 | 65 |
Annex C: Glossary
AFP NI: Alternative Fuel Payment Northern Ireland
AGR: Advanced Gas-Cooled Reactor
ALB: Arm’s Length Bodies
AME: Annually Managed Expenditure
AQuA: Analytical Quality Assurance
ARAC: Audit and Risk Assurance Committee
ARG: Additional Restrictions Grants
BCSSS: British Coal Staff Superannuation Scheme
BEIS: Department for Business, Energy and Industrial Strategy
BNFL: British Nuclear Fuels Ltd
CARS: Coal Authority Restructuring Schemes
CCA: Climate Change Agreements
CCC: Climate Change Committee
CCUS: Carbon, Capture Usage and Storage
CDEL: Capital Departmental Expenditure Limit
CETV: Cash Equivalent Transfer Values
CFER: Consolidated Fund Extra Receipts
CfD: Contracts for Difference
CNPA: Civil Nuclear Police Authority
CNPP: Civil Nuclear Pension Plan
CO: Cabinet Office
COD: Commercial Operations Date
COVID-19: Coronavirus Pandemic
CRC: Carbon Reduction Commitment
CSOPS: Civil Servant and Other Pension Scheme
DA: Devolved Administration
DBT: Department for Business and Trade
DEL: Departmental Expenditure Limit
DESNZ: Department for Energy Security and Net Zero
DLUHC: Department for Levelling Up, Housing and Communities
DPA: Dispatchable Power Agreement
DSIT: Department for Science, Innovation and Technology
EBRS: Energy Bill Relief Scheme
EBSS: Energy Bills Support Scheme
EBSS NI: Energy Bills Support Scheme Northern Ireland
ECL: Expected Credit Loss
EDI: Equality Diversity and Inclusion
EPG: Energy Price Guarantee
ESC: Electricity Settlements Company
EU: European Union
EU ETS: EU Emissions Trading Scheme
EUV: Existing-Use Value
FCDO: Foreign Commonwealth and Development Office
FDP: Funded Decommissioning Programme
FIDeR: Financial Investment Decision Enabling for Renewables
FRA: Fraud Risk Assessment
FREM: Government Financial Reporting Manual
FVTOCI: Fair Value through Other Comprehensive Income
FVTPL: Fair Value through Profit or Loss
GBE: Great British Energy
GBN: Great British Nuclear
GDF: Geological Disposal Facility
GDP: Gross Domestic Product
GIAA: Government Internal Audit Agency
GID: Government Investment Decision
GGC: Greening Government Commitments
GHG: Green House Gas
GMPP: Government Major Projects Portfolio
GRAA: Government Resources and Accounts Act
GSG: Government Security Group
HMG: HM government
HMT: HM Treasury
HPC: Hinkley Point C
IAS: International Accounting Standards
ICF: International Climate Fund
IETF: Industrial Energy Transformation Fund
IFRS: International Financial Reporting Standards
LADGF: Local Authority Discretionary Grant Fund
LCCC: Low Carbon Contracts Company Ltd
LCREE: Low Carbon and Renewable Energy Economy
MoG: Machinery of government
MPM: Managing Public Money
MRA: Mining Remediation Authority
MRC: Medical Research Council
NAO: National Audit Office
NDA: Nuclear Decommissioning Authority
NDPB: Non-Departmental Public Bodies
NLF: Nuclear Liabilities Fund
NNBG: NNB Generation Company (HPC) Limited
NNHL: National Nuclear Holdings Ltd
NSTA: North Sea Transition Authority
OCI: Other Comprehensive Income
ODA: Official Development Assistance
Ofgem: Office of Gas and Electricity Markets
OGA: Oil and Gas Authority
ONS: Office for National Statistics
PCFP: Parliamentary Contributory Pension Fund
PCSPS: Principal Civil Service Pension Scheme
PDC: Public Dividend Capital
PES: Public Expenditure System
PIC: Projects and Investment Committee
POPCO: People and Operations Committee
PPE: Property, Plant and Equipment
PSED: Public Sector Equality Duty
PSFA: Public Sector Fraud Authority
PV: Present Value
QA: Quality Assurance
R&D: Research and Development
REMA: Review of Electricity Market Arrangements
RSA: Revenue Support Agreement
RSL: Replacement Sea Line
SCS: Senior Civil Servant
SDG: Sustainable Development Goals
SI: Statutory Instrument
SLC: Site Licence Company
SME: Small and Medium Sized Enterprise
SoCF: Statement of Cash Flows
SoCNE: Statement of Comprehensive Net Expenditure
SoCTE: Statement of Changes in Taxpayers’ Equity
SoFP: Statement of Financial Position
SOPS: Statement of Outturn against Parliamentary Supply
SOSIA: Secretary of State Investor Agreement
T&SCo: Transport and Storage Company, Net Zero North Sea Storage Limited
TCD: Target Commissioning Date
TCW: Target Commissioning Window
TLM: Transmission Loss Multiplier
TME: Total Managed Expenditure
UKAEA: UK Atomic Energy Authority
UKSBS: UK Shared Business Services Ltd
VAT: Value-Added Tax
WTC: Waste Transfer Contract
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