The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.<\/p>
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4282", "label" : {"_value" : "Biography information for Lord Bourne of Aberystwyth"} } , "answeringMemberPrinted" : {"_value" : "Lord Bourne of Aberystwyth"} , "dateOfAnswer" : {"_value" : "2015-09-14", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "HL1949"} , {"_value" : "HL1950"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-09-14T14:37:55.033Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "63"} , "answeringDeptShortName" : {"_value" : "Energy and Climate Change"} , "answeringDeptSortName" : {"_value" : "Energy and Climate Change"} , "date" : {"_value" : "2015-09-07", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Nuclear Power Stations: Insurance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market for third-party liabilities for operators of planned nuclear power stations.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/579", "label" : {"_value" : "Biography information for Lord Foulkes of Cumnock"} } , "tablingMemberPrinted" : [{"_value" : "Lord Foulkes of Cumnock"} ], "uin" : "HL1948"} , {"_about" : "http://data.parliament.uk/resources/417029", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/417029/answer", "answerText" : {"_value" : "
The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.<\/p>
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4282", "label" : {"_value" : "Biography information for Lord Bourne of Aberystwyth"} } , "answeringMemberPrinted" : {"_value" : "Lord Bourne of Aberystwyth"} , "dateOfAnswer" : {"_value" : "2015-09-14", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "HL1948"} , {"_value" : "HL1950"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-09-14T14:37:55.093Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "63"} , "answeringDeptShortName" : {"_value" : "Energy and Climate Change"} , "answeringDeptSortName" : {"_value" : "Energy and Climate Change"} , "date" : {"_value" : "2015-09-07", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Hinkley Point B Power Station"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market to cover the expected level of investment in Hinkley Point B.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/579", "label" : {"_value" : "Biography information for Lord Foulkes of Cumnock"} } , "tablingMemberPrinted" : [{"_value" : "Lord Foulkes of Cumnock"} ], "uin" : "HL1949"} , {"_about" : "http://data.parliament.uk/resources/417030", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/417030/answer", "answerText" : {"_value" : "
The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.<\/p>
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4282", "label" : {"_value" : "Biography information for Lord Bourne of Aberystwyth"} } , "answeringMemberPrinted" : {"_value" : "Lord Bourne of Aberystwyth"} , "dateOfAnswer" : {"_value" : "2015-09-14", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "HL1948"} , {"_value" : "HL1949"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-09-14T14:37:55.157Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "63"} , "answeringDeptShortName" : {"_value" : "Energy and Climate Change"} , "answeringDeptSortName" : {"_value" : "Energy and Climate Change"} , "date" : {"_value" : "2015-09-07", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Nuclear Power Stations: Insurance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what assessment they have made of (1) the competitiveness of the insurance market for nuclear property damage and nuclear liability, and (2) whether it provides the capacity needed by nuclear operators, notwithstanding the presence and nature of nuclear insurance pools, including the United Kingdom nuclear insurance pool, and any potential they may have to restrict and distort the provision of such insurance to nuclear operators.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/579", "label" : {"_value" : "Biography information for Lord Foulkes of Cumnock"} } , "tablingMemberPrinted" : [{"_value" : "Lord Foulkes of Cumnock"} ], "uin" : "HL1950"} , {"_about" : "http://data.parliament.uk/resources/417064", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/417064/answer", "answerText" : {"_value" : "
The installed generating capacities of each power station and expressed as a percentage of total UK generation capacity are shown in the table below.<\/p>
<\/p>
<\/p>
<\/p>