About us
Our purpose
Established in 1996, the Nuclear Liabilities Fund is an independent ring-fenced fund, which exists to meet the costs of decommissioning eight nuclear power stations. Our primary purpose is to grow the fund over the long-term to be sufficient to meet decommissioning liabilities as they fall due.
Established in 1996, the Nuclear Liabilities Fund (NLF) is an independent ring-fenced fund, which exists to meet the costs of decommissioning eight nuclear power stations (6 in England, 2 in Scotland).
The fund protects current and future taxpayers from the costs of remediating nuclear and environmental hazards following the end of power generation. The NLF funding model provides certainty that funds are available to support safe reactor defueling and safe and secure site remediation. Final site clearance is expected to take over 100 years from the end of generation.
Our aim is to safeguard and invest the fund’s assets with the objective of optimising growth and achieving returns so that the fund is sufficient to meet our long-term obligations.
The total fund currently stands at c.£20.7bn.
To date, decommissioning payments from the fund total c.£2.8bn.
Hunterston B station has been defueled and transferred from EDF Energy to the NDA on 1 April 2026. NLF will provide funds for decommissioning by the NDA's subsidiary company, NRS.
Hinkley Point B and Dungeness B stations have ceased generation and are in the process of being defueled. NLF meets the costs of defueling activity, including site costs.
NLF funds the costs of certain preparatory activities for defueling and decommissioning at the operational AGR stations and certain costs associated with the operation of the dry fuel store at Sizewell B.
