Thank you for contacting me about the proposed new nuclear power station at Wylfa Newydd in Wales.
As you may be aware, the Government has been working closely with the developer, Horizon Nuclear Power, which is owned by Hitachi, on their proposals for building a new nuclear plant at the Wylfa site on the Isle of Anglesey. As I understand, Ministers are still in discussions with the developer on their financing plans, but cannot discuss the details publicly as they are commercially confidential.
That said, I do appreciate your concerns on this issue and the use of public money being used to finance new nuclear plants. While nuclear power remains a crucial part of the UK's energy future, the Government has always been clear that this must be delivered at the right price for consumers and taxpayers. I am assured that this principle runs through all engagement with any new-build developers.
Ultimately, nuclear power will play a vital part in the long-term energy mix of the UK. It provides a low-carbon, home-grown source of electricity, that will power millions of homes and businesses for decades to come. It is vital that we build an energy infrastructure that is not only clean, but also reliable, in order to secure our energy future.
Thank you again for taking the time to contact me.
Updated: May 2018