"We calculate that by the end of the next decade - by 2030 - this will actually be saving consumers money," Energy Secretary Ed Davey told ITV Daybreak.
"We think the average consumer will be saving £77 a year on their bill thanks to the new nuclear programme that we're putting forward."
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Witnesses will give evidence but the former Labour peer cannot be found guilty or be sentenced as he is too ill to put forward a defence.
The Home Office has been asked to prepare for cuts of between 25 and 40% by in the next 5 years.
The deposit box company raided in the the £10 million Hatton Garden jewellery heist is to close after its trade slumped.