UK unveils £5.5bn subsidy scheme for Sizewell C nuclear power plant

The UK Energy Security Department and Net Zero (DESNZ) have announced a new £5.5 billion subsidy scheme to support the Sizewell C nuclear power plant (NPP) through to its final investment decision (FID).  The announcement comes after a review by the Competition and Markets Authority to ensure the Devex scheme’s compliance with the Subsidy Control Act 2022. This new scheme operates independently from the existing SZC Investment Funding Scheme, which was launched following the government’s…