NEA Mandates and Structures

Ad Hoc Expert Group on Reducing the Costs of Nuclear Power Generation (REDCOST)

Chair(s): Secretaries:  Michel BERTHELEMY
Member(s):All NEA member countries
Full participant(s): European Commission
Under the NEA Statute
Observer(s)(International Organisation): International Atomic Energy Agency (IAEA)
By agreement
Date of creation:01 April 2018
End of mandate:31 December 2021

Mandate (Document reference):

Mandate (Document extract):

Extract of document NEA/NDC(2020)3/FINAL

Mission and objectives

The objective of the report is to study the potential for nuclear costs reductions in the future. The study will primarily focus on new nuclear construction but could also look at potentials for reducing the operating costs of existing plants if sufficient data is available. This will include looking at broad evolutions and good practices in terms of (i) industrial structure, (ii) market competition and (iii) supply chain arrangements as well as how (iv) reactor design (and innovation) and construction workflow management (in relation with suppliers and Safety Authorities) could lead to further costs reductions. The role of (v) safety regulation and (vi) fiscal rules could also be investigated.

From a policy perspective, a useful output of this study could be to highlight the present efforts on-going in this area, the necessary conditions and order of magnitude of costs reductions, and the time horizon when this could take place.