Gigawatt-scale nuclear power plants require UK experience—of the supply chain, regulatory processes and the wider energy sector—to deliver projects efficiently. However, the UK may benefit in the future from multiple operators of small and advanced, nuclear power technologies as they have the potential to provide market competition, collaboration opportunities and prevent a groupthink mentality.
Gigawatt-scale nuclear power plants require UK experience—of the supply chain, regulatory processes and the wider energy sector—to deliver projects efficiently. However, the UK may benefit in the future from multiple operators of small and advanced, nuclear power technologies as they have the potential to provide market competition, collaboration opportunities and prevent a groupthink mentality. Type: conclusion | Number: 11 | Paragraph: 63 | Response status: under_consideration Government response: future demand. We anticipate putting new funding in place from next year to support new nuclear. Additionally, a new process will be in place from December 2023 for vendors to access regulators prior to entering formal regulation, on a chargeable basis.