UK has won EU regulatory approval for a pricing methodology for nuclear waste transfer contracts.

The new methodology aims to ensure that nuclear power operators bear the cost of disposal, and not taxpayers.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Proposed pricing methodology will ensure that plant operators will pay for all costs linked to the disposal of the spent fuel and nuclear waste.

The new scheme is expected to establish a waste transfer price reflecting the actual disposal costs, which will be determined only when most of the currently unknown cost factors of the disposal facility become clear.

"The price methodology will act as an appropriate risk premium to reflect potential cost increases after it has been set."

Additionally, the price methodology will act as an appropriate risk premium to reflect potential cost increases after it has been set.

The pricing methodology involves no state aid, and each member country is free to determine its own energy mix.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Until the final price is established, nuclear power operators will be periodically updated on expected costs.

The European Commission will ensure that when public funds are used to support companies, this is carried out in-line with EU state aid rules. The methodology is expected to provide some visibility of future liabilities in order to secure investors and financing.

The UK plans to build a geological facility for the disposal of spent fuel and intermediate level waste from existing and new nuclear power stations in the UK, which is expected to be operational by 2040.

However, disposal of spent fuel is expected to commence only around 2075 and extend until 2140.