Sizewell C nuclear power plant costs rise to £38bn

The Sizewell C nuclear power plant project in the UK has seen a significant increase in its estimated costs, now reaching £38 billion. This massive project, which aims to build the country's second new nuclear power plant, will require households to contribute £1 per month towards its construction. The escalating costs, up from the previous estimate of £20 billion, highlight the challenges and complexities involved in building large-scale nuclear infrastructure. The project, which is being developed by French energy giant EDF, is seen as crucial in the UK's efforts to transition towards a low-carbon energy future and reduce its reliance on fossil fuels. Despite the rising costs, the government remains committed to the Sizewell C project, viewing it as a vital component of the country's energy strategy. The increased financial burden on households, however, may raise concerns about the project's affordability and impact on consumer bills.