National Grid: Capacity

Lord Grantchester Excerpts

Monday 11th January 2021 Lords Chamber

[Baroness Bloomfield of Hinton Waldrist (Con)]

I cannot give a specific answer on how many designs will be expected to be announced, but we are currently finalising arrangements to open the generic design assessment. We will provide more information in due course. Our aim is to invite applications to BEIS in quarter 2 of this year. In the meantime, the Government have announced £40 million for developing regulatory frameworks and supporting the supply chains for SMRs in the United Kingdom.

[Lord Grantchester (Lab) [V]]

SMRs have the potential to help reach the UK’s net zero targets. How many SMRs are typically needed to be operational by 2050 to make a meaningful contribution to net zero? What are the cost savings, as well as UK job creations, of SMRs and current nuclear reactors?

[Baroness Bloomfield of Hinton Waldrist (Con)]

Analysis in BEIS released alongside the energy White Paper demonstrates that in a low-cost system, the UK could need between 5 and 15 gigawatts of nuclear capacity. However, it is for the market to determine the best solutions for very low emissions, and reliable supply at the lowest cost to consumers. On job creation, the Rolls-Royce consortium believes that a UK SMR programme could support up to 40,000 jobs, and that each SMR would be capable of providing power for 750,000 homes.