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The government support package (GSP) is the government provision of support intended to cover against specific high impact, low probability risks.

Contingent Financing Agreement

The agreement sets out the terms on which SZC can obtain financing if the Higher Regulatory Threshold (HRT) is reached.

Discontinuation and Compensation Agreement

The agreement allows the Secretary of State to discontinue the project in certain circumstances. It also gives Sizewell C Ltd the right to request discontinuation in specific scenarios.

Government Liquidity Facility Agreement

This agreement offers debt liquidity support to Sizewell C through a committed revolving loan facility for maturing principal under the common debt platform. The agreement contains penalties to disincentivise its use, helping to protect consumers and taxpayers.

Nuclear Administration and Statutory Transfers Agreement (NASTA)

The agreement supports the Special Administration Regime (SAR) for the project, were Sizewell C Ltd to enter insolvency. It would allow a Nuclear Administration to continue construction or operations, ensuring consumers and taxpayers benefit from the project as a result of their contribution through the Regulated Asset Base (RAB).

Supplemental Compensation Agreement

The agreement provides cover for certain insurances beyond those commercially available, ensuring that the project is adequately protected.

Independent Technical Advisor (ITA) deed of appointment

The ITA will be appointed during the pre-PCR phase, providing independent scrutiny of the licensee’ costs and will making recommendations to Ofgem as to what costs should be logged to the RAB each year. Whilst the ITA will make recommendations to Ofgem about the costs which should be logged to the RAB, it is ultimately Ofgem’s role to economically regulate the licensee. This document sets out the terms of ITA’s appointment.

Liaison agreement

The Liaison Agreement is a working agreement between Sizewell C stakeholders. The agreement establishes a structured framework for collaboration, oversight, and reporting among the key stakeholders involved in Sizewell C. It ensures that all parties have clear roles and responsibilities, mechanisms for resolving conflicts, and processes for maintaining transparency and accountability throughout the project’s life cycle.

Increase in Allowed Revenue (IAR) statement

This document sets out the process the Secretary of State must follow in determining whether to exercise the power included within Section 7 of the Nuclear Energy (Financing) Act 2022.

Call option agreement

This document grants an option for the Secretary of State, in their role as GSP provider, to call for the shares of Sizewell C GenCo, in the context of the implementation of the Discontinuation and Compensation Agreement and NASTA.