Nuclear Power Generation Costs

Tender 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). Lot 1: 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.