What is Nuclear Regulated Asset Base scheme (RAB)?
Nuclear RAB is a scheme regulated by Ofgem, designed to accrue revenue for nuclear projects across the UK. The scheme is currently specified for funding the Sizewell C nuclear power plant. More information on the Nuclear RAB can be found at www.ofgem.gov.uk/energy-policyand-regulation/policy-and-regulatory-programmes/nuclear-regulated-asset-base-rabmodel
When will this take effect?
The date has not yet been confirmed by the Government for when the scheme will be introduced. The Nuclear RAB levy was initially expected to be introduced in April 2025; it is now anticipated to commence from Autumn 2025. We will however let you know in advance once this date has been confirmed.
How will it affect me?
As part of the scheme, a new Nuclear RAB levy will be introduced to fund these investments. The Nuclear RAB levy will be a new charge on your invoice that will function in a way that is similar to the CfD FiT. It will be a consumption-based rate, set by the Low Carbon Contracts Company LCCC, and we anticipate this will vary quarterly.
What will I see on my bill?
More details on how this will appear on your bill will be shared once the details of the scheme are confirmed. However, we do know that energy suppliers will receive more detailed information 30 days before the scheme takes effect, so we will advise you once we received this confirmation.
