British MPs voted to back legislation that introduces a new model for financing infrastructure to be used for nuclear projects.

The Nuclear Energy (Financing) Bill, will still needs to be debated in the House of Lords, aims to provide a new financial support model for new nuclear power stations in the UK.

The regulated asset base (RAB) model will require consumers to pay a small amount on their bills during the construction of a nuclear project. These payments from the start of construction will avoid the build-up of interest on loans that would otherwise lead to higher costs to consumers in the future.