NEA Mandates and Structures

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

Chair(s):		Secretary:	Antonio VAYA SOLER (antonio.vayasoler@oecd-nea.org)
Member(s):	All NEA member countries^*
	Russia (Suspended*)
	^*Russian Federation suspended pursuant to a decision of the OECD Council.
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:	30 March 2020

Mandate (Document reference):

NDC - Final Programme of Work for 2017-2018 [NEA/NDC(2017)1]
Minutes of 67^th meeting of the Committee for Technical and Economic Studies on Nuclear Energy Development and Fuel Cycle [NEA/NDC/M(2016)2/FINAL]
Mandate - Ad hoc Expert Group on Reducing the Costs of Nuclear Power Generation (REDCOST) [NEA/NDC(2017)6]

Extension procedure ongoing

Mandate (Document extract):

Extract of document NEA/NDC(2017)6

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.

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