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Energy Update
29 November 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement addresses the UK's long-term plan for securing a reliable and affordable supply of energy through investment in nuclear power, renewables, and energy efficiency.
Action Requested
The government is progressing Sizewell C nuclear project with direct Government investment after thirty years, setting up Great British Nuclear early next year to develop new nuclear projects, providing £6 billion investment for energy efficiency measures from 2025-2028, launching a public awareness campaign funded by £18 million to help households reduce bills and energy usage, and advancing the Energy Security Bill to drive private investment in clean energy technologies.
Key Facts
- The UK government is investing directly in Sizewell C nuclear project after thirty years.
- Great British Nuclear will be established early next year to develop new nuclear projects beyond Sizewell C.
- A £6 billion investment from 2025 to 2028 for energy efficiency measures on top of the £6.6 billion already committed over this parliament.
- The government's public awareness campaign is backed by £18 million to help reduce household bills and energy usage.
- Sizewell C will create 10,000 jobs and provide clean electricity for 6 million homes over 50 years.
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