The government spending watchdog said in a report that the nuclear liabilities fund was established to meet the costs of decommissioning the country’s nuclear stations, but significant additional taxpayer support has been required with more likely to be necessary.
The government has provided a guarantee to underwrite the fund in the event that its assets are insufficient to meet the total costs of decommissioning. In 2020, government contributed £5.1bn to strengthen the fund’s position and the fund has recently requested a further £5.6bn.
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