Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what will be the full estimated out-turn cost for each small modular reactor project planned by Great British Nuclear (1) at the end of the design period, an (2) at the point of generating electricity commercially.

Answered by Lord Hunt of Kings Heath - Minister of State (Department for Energy Security and Net Zero)

GBN (Great British Nuclear) is pushing forward its small modular reactor competition for UK deployment and is negotiating with four companies. Final decisions will be taken in the spring.

In line with usual government approvals, it will be important that any SMR projects represent value for money for the British taxpayer.

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what is the predicted date of (1) the end of the design period at the point of investment decision, and (2) the point of generating electricity commercially, for each small modular reactor projects planned by Great British Nuclear.

Answered by Lord Hunt of Kings Heath - Minister of State (Department for Energy Security and Net Zero)

Great British Nuclear (GBN) is pushing forward its small modular reactor competition for UK deployment, which is based on fairness and transparency to ensure value for the British taxpayer. Final decisions will be taken in the spring.

GBN is seeking those technologies best able to facilitate commercially operational projects by the mid-2030s.

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government whether the full estimated out-turn cost for each small modular reactor project planned by Great British Nuclear will include costs for a quantified risk register, and the value of any money set against a quantified risk register.

Answered by Lord Hunt of Kings Heath - Minister of State (Department for Energy Security and Net Zero)

GBN (Great British Nuclear) is pushing forward its small modular reactor competition for UK deployment, which is based on fairness and transparency to ensure value for the British taxpayer. Final decisions will be taken in the spring.

GBN follows usual government best practice for delivering major projects.

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government whether the full estimated out-turn cost for each small modular reactor project planned by Great British Nuclear will take account of optimism bias, and include the value of any money set against optimism bias.

Answered by Lord Hunt of Kings Heath - Minister of State (Department for Energy Security and Net Zero)

GBN (Great British Nuclear) is pushing forward its small modular reactor competition for UK deployment, which is based on fairness and transparency to ensure value for the British taxpayer. Final decisions will be taken in the spring.

GBN follows usual government best practice for delivering major projects.

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