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Electricity from Small Modular Nuclear Reactors (SMRs) would be much more expensive than from ‘conventional’ reactors

Power from mini nuclear plants ‘would cost more than from large ones’
UK government study finds electricity would be nearly one-third pricier than it would from plants such as Hinkley Point C, 
Guardian, Adam Vaughan, 7 Dec 17, Electricity from the first mini nuclear power stations in Britain would be likely to be more expensive than from large atomic plants such as Hinkley Point C, according to a government study.

Power from small modular reactors (SMRs) would cost nearly one-third more than conventional large ones in 2031, the report found, because of reduced economies of scale and the costs of deploying first-of-a-kind technology.

The analysis by the consultancy Atkins for the Department for Business, Energyand Industrial Strategy said there was “a great deal of uncertainty with regards to the economics” of the smaller reactors.

However, the authors said such reactors should be able to cut costs more quickly than large ones because they could be built and put into service in less time.

Advocates have argued that the reactors could be built in factories and achieve savings through their modular nature.

While the report covers the technology being used by several of the international companies seeking government support, it does not apply to the design being pushed by businesses including Rolls-Royce.

A government source said nuclear companies had told officials that the cost of the technology had come down since the report, which was finished in July last year but only published on Thursday.

As revealed by the Guardian earlier this week, ministers confirmed that SMR developers would receive £56m of public funding for research and development over three years. A further £86m was announced for work on nuclear fusion.

Greg Clark, the business secretary, said the backing would help the nuclear sector compete globally………

The government also defended Britain’s need for new nuclear power in the face of falling renewable costs.

Richard Harrington, the energy minister, said the record low subsidies recently awarded to offshore windfarms emphasised the challenge for the French, Korean, Chinese and Japanese companies building the UK’s new generation of nuclear plants to be competitive on price………

green groups and politicians accused the government of talking down renewables.

Doug Parr, the policy director at Greenpeace UK, said: “Instead of downplaying the rapid advancement of UK renewables, the government should concentrate on the export opportunities for this UK success story.”

Caroline Lucas, the Green party co-leader, called the UK’s energy policy a mess. “Ministers are ploughing huge sums of money into supporting overpriced nuclear, while retaining a de facto ban on onshore wind and failing to give solar the support the sector needs,” she said……. https://www.theguardian.com/environment/2017/dec/07/power-mini-nuclear-plants-cost-more-hinkley-point-c

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December 8, 2017 - Posted by | Small Modular Nuclear Reactors, technology, UK

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