Nuclear Power Generation Costs

Concepts

• nuclear power generation costs
• energy efficiency
• beis
• nuclear generation cost
• low-cost
• next electricity generation costs publication
• net zero electricity generation pathways
• potential electricity generation mixes
• large-scale nuclear power
• wider range of nuclear technologies

Location

London

Description

BEIS is looking to update nuclear generation cost and technical assumptions to more accurate figures, reflecting the changes in the nuclear policy, market, and technology spaces. Current assumptions cover only large-scale nuclear power, but these must now include a wider range of nuclear technologies, namely SMRs (small modular reactors) and AMRs (advanced modular reactors).

Total Quantity or Scope

These outputs will support wider departmental modelling of the GB electricity generation system and net zero electricity generation pathways to 2050, which is key to understanding potential electricity generation mixes required to ensure a low-cost, stable, and net zero future. These costs are anticipated to be published in the next Electricity Generation Costs publication, and should be aggregated/summarised so as not to be inaccessible through commercial confidentiality or otherwise, in a similar manner to previous Generation Costs reports.

Award Detail

Renewal Options

Multiple options in the power sector need to be explored in order to determine what electricity generation mix will be needed to reach Net Zero 2050. As part of this, nuclear power will have a part to play in supplying reliable baseload power to complement intermittent renewables. In-house modelling in BEIS is crucial to understanding the future GB electricity generation mix and we need up to date information for accurate and robust modelling. Therefore, BEIS is now looking to update nuclear generation cost and technical assumptions to more accurate figures, reflecting the changes in the nuclear policy, market, and technology spaces. Current assumptions cover only large-scale nuclear power, but these must now include a wider range of nuclear technologies, namely SMRs (small modular reactors) and AMRs (advanced modular reactors). The project will build on and expand previous work commissioned by BEIS on generation costs (including nuclear) , and SMRs . See Annex D for further key sources of evidence and relevant publications

Award Criteria

CPV Codes

• 71314300 - Energy-efficiency consultancy services

Indicators

• Options are available.
• Award on basis of price.

Legal Justification

This was a further competition via the Crown Commercial Services Framework RM3824 Heat Networks and Electricity Generation Assets Framework.

Other Information

These outputs will support wider departmental modelling of the GB electricity generation system and net zero electricity generation pathways to 2050, which is key to understanding potential electricity generation mixes required to ensure a low-cost, stable, and net zero future. These costs are anticipated to be published in the next Electricity Generation Costs publication, and should be aggregated/summarised so as not to be inaccessible through commercial confidentiality or otherwise, in a similar manner to previous Generation Costs reports .