Key facts
- The Sizewell B nuclear power plant has been granted a 20-year life extension.
- The plant will now be able to operate until 2055.
- The UK government approved the extension.
- Owner EDF and investor Centrica agreed to a new contract for difference.
- The new contract guarantees a price of £70.50 per megawatt-hour for electricity.
- This extension secures continued energy supply from Sizewell B.
The Sizewell B nuclear power plant in the UK has received a 20-year life extension, enabling it to operate until 2055. This significant decision was announced by the UK government, which has granted the plant additional years of operation. The extension is contingent on a new contract for difference agreed upon by the plant's owner, EDF, and its investor, Centrica. This contract secures a guaranteed price of £70.50 per megawatt-hour for the electricity generated by Sizewell B. The agreement aims to ensure a stable and continued supply of nuclear energy for the United Kingdom. Sizewell B is a key component of the UK's energy infrastructure, and its extended operation will contribute to the nation's energy security and net-zero targets.