The National Audit Office has flagged significant financial risks associated with the £38bn Sizewell C nuclear project. While the plant aims to provide low-carbon electricity for 6 million homes, the watchdog warns that construction costs may outweigh household savings until 2064. This project utilizes a regulated asset base model, meaning consumers pay through their energy bills during construction. This shift from previous models increases the immediate financial burden on the public if the project faces delays or cost overruns.
