Consumers will be protected from possible hikes in operational costs for the first time as part of a new deal to build Britain's first nuclear power station in a generation, the Energy Secretary announced.
Ed Davey said that he had ensured a value for money deal in which consumers would "gain share" but never "pain share" in the event of operational costs changing from current forecasts.
He told the Commons: "The good news is we have negotiated a gain share for the consumer, the consumer has no pain share.
"If the construction costs go higher, that construction risk is taken by the developer, EDF; if the construction costs are lower the consumer will benefit. That's not happened before and it's a welcome protection for the consumer."
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