Member

This draft instrument expands the contracts for difference eligibility criteria so that existing nuclear plants can be eligible for support for lifetime extensions. This reform will be critical if we are to achieve net zero by 2050. This amendment will support security of supply by providing access to financial support if required to support continued electricity generation at existing nuclear infrastructure. This means that low-carbon baseload electricity can be maintained on the grid without the higher costs and longer lead times associated with new build capacity. I beg to move.