The UK nuclear industry has welcomed the government’s plan to use contracts for difference (or CfDs) to help finance life extensions at the country’s existing nuclear power plants.

The UK government department in charge of nuclear energy policy in the country, the Department for Energy Security and Net Zero (DENZ), said in a statement on 13 March that it would “seek to amend the CfD framework to enable existing nuclear generating stations to access CfD support for lifetime extension investments, providing a stable revenue mechanism that underpins the financing of necessary refurbishment works and long-term operational commitments.”