Strategic plan needed to deliver nuclear power and close the power gap, says committee
|
In a major report published today, the Science, Innovation and
Technology Committee calls on the Government to develop and publish
a Nuclear Strategic Plan to turn high-level aspirations into
concrete steps to deliver new nuclear. The Committee
says that the Government is right to look to nuclear power to meet
our future electricity needs and that this requires a substantial
programme of nuclear new build. But the Report warns
that the Government...Request free
trial
In a major report published today, the Science, Innovation and
Technology Committee calls on the Government to develop and
publish a Nuclear Strategic Plan to turn high-level aspirations
into concrete steps to deliver new nuclear.
The role of the recently launched Great British Nuclear is
unclear beyond its initial task of running a selection between
competing SMR developers. There is ambiguity over what proportion of the Government's 24 GW target by 2050 will be met by new gigawatt-scale power plants, as opposed to advanced nuclear technologies. The Committee says a Nuclear Strategic Plan must provide clarity over what proportion of the 24 GW target by 2050 will be met by new gigawatt-scale power plants and how much is intended to be met by advanced nuclear technologies like the Advanced Modular Reactors (AMRs) and Small Modular Reactors (SMRs). Financing of new nuclear
The Government has obtained legislative approval for a Regulatory
Asset Base (RAB) model of financing new nuclear power, in which
consumers - and potentially taxpayers - take on construction
risk. So far, the Government has not published financial figures
which allow the cost of this risk transfer to be known. The
Government must publish figures, before signing contracts for new
gigawatt-scale nuclear, which allow a proper assessment of value
for money to be made, including setting out the level and
potential cost of construction risk to be borne by the consumer
or taxpayer.
A Nuclear Strategic Plan should answer the questions of what
deployment of SMRs the Government wants to see; whether
technologies will be from a single supplier or multiple
suppliers; what sites should SMRs be located at; and what
financial model would be used to pay for the contribution of SMRs
to electricity supply. Each of these questions will require a
clear answer if vendors are to be able to take decisions on
whether and when to take the next steps towards eventually
deploying SMRs.
If the Government's 24 GW target is to be met, the current
nuclear workforce of over 65,000 people will need to more than
double, requiring between 75,000 and 150,000 new
recruits.
The incremental waste generated by new nuclear power plants is
not likely to be a material factor in decisions on approving new
gigawatt-scale plants, but it is imperative that a clear
understanding of the waste consequences of new nuclear
technologies, how it will be dealt with, and at what cost, should
be part of these decisions.
The NDA should establish, with the involvement of Government, a
long-term plan to expand this international work while
maintaining a thorough and dependable service within the
UK. The UK is a leading nation in fusion research and development and since 2010 UK public investment has amounted to £970 million, although it has yet to produce a commercially deployable source of energy. Fusion is highly unlikely to make a material contribution to electricity generation in time to contribute to net zero by 2050, but in recent months breakthroughs have been made. The Committee concludes that this is not the time to abandon the long-standing commitment to fusion: instead this should demonstrate a long-term approach, giving confidence and stability to investors and international partners. Chair of the Science, Innovation and Technology Committee, Rt Hon Greg Clark MP, said:
“The Government is right to identify nuclear power as an
important contributor to meeting our future electricity needs. It
has stretching ambitions to achieve 24 GW of nuclear power by
2050. This would be almost double the highest level of nuclear
generation that the UK has ever attained. The only way to achieve
this is to translate these very high-level aspirations into a
comprehensive, concrete and detailed Nuclear Strategic Plan which
is developed jointly with the nuclear industry, which enjoys long
term cross-party political commitment and which therefore offers
dependability for private and public investment
decisions. Full information including details of the six public evidence sessions and nearly 70 written evidence submissions from public, private, research and third sector organisations and individuals that have informed this inquiry can be found here: Delivering nuclear power Prospect, the largest trade union for nuclear industry workers, has commented on the Science, Innovation and Technology Select Committee's report Delivering nuclear power. Prospect Senior Deputy General Secretary Sue Ferns said: “We welcome the Committee’s call for a Nuclear Strategic Plan to deliver the substantial programme of nuclear new build needed to deliver the Net Zero, energy secure future our country needs. “The UK can reap the rewards of leading the world to Net Zero through investment in nuclear and renewable energy – but time is running out to get in the race for the good green jobs that will drive our economic recovery. “The Chancellor must use the Autumn Statement to respond to the ambition of Biden’s Inflation Reduction Act and get on with what we already know is needed: a Final Investment Decision for Sizewell C, training up the next generation of the nuclear workforce, and giving industry the certainty they need to invest in new nuclear.” |
