Download or read book Economics of Nuclear Power Plant Investment written by Ben Wealer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes nuclear power plant investments using Monte Carlo simulations of economic indicators such as net present value (NPV) and levelized cost of electricity (LCOE). In times of liberalized electricity markets, largescale decarbonization and climate change considerations, this topic is gaining momentum and requires fundamental analysis of cost drivers. We adopt the private investors' perspective and ask: What are the investors' economics of nuclear power, or - stated differently - would a private investor consider nuclear power as an investment option in the context of a competitive power market? By focusing on the perspective of an investor, we leave aside the public policy perspective, such as externalities, cost-benefit analysis, proliferation issues, etc. Instead, we apply a conventional economic perspective, such as proposed by Rothwell (2016) to calculate NPV and LCOE. We base our analysis on a stochastic Monte Carlo simulation to nuclear power plant investments of generation III/III+, i.e. available technologies with some experience and an extensive scrutiny of cost data. We define and estimate the main drivers of our model, i.e. overnight construction costs, wholesale electricity prices, and weighted average cost of capital, and discuss reasonable ranges and distributions of those parameters. We apply the model to recent and ongoing investment projects in the Western world, i.e. Europe and the United States; cases in non-market economies such as China and Russia, and other non-established technologies (Generation IV reactors and small modular reactors) are excluded from the analysis due to data issues. Model runs suggest that investing in nuclear power plants is not profitable, i.e. expected net present values are highly negative, mainly driven by high construction costs, including capital costs, and uncertain and low revenues. Even extending reactor lifetimes from currently 40 years to 60 years does not improve the results significantly. We conclude that the economics of nuclear power plants are not favorable to future investments, even though additional costs (decommissioning, long-term storage) and the social costs of accidents are not even considered.
Download or read book Economics of Nuclear Power written by Geoffrey Rothwell and published by Routledge. This book was released on 2018-12-07 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a unique introduction to the economic costs of nuclear power. It examines the future of the nuclear power industry and unpacks the complicated relationships between its technical, economic and political variables. It does so by modelling the costs, risks and uncertainties of one of the world’s most opaque industries using micro-econometrics, econometrics, and cost engineering. Economics of Nuclear Power examines the very important costs of externalities (storing of nuclear waste and the impact of a Chernobyl or Fukushima event) and compares those to the externalities of alternative carbon based energies (oil, coal, natural gas). With over 100 tables and figures this book details nuclear power production around the world - present and planned, providing a completely global focus. It also includes an overview of the past 70 years of international nuclear power developments. This book is essential reading for students, scholars and professionals interested in energy economics, nuclear engineering and energy policy.
Download or read book The Economics of Nuclear Energy written by L. G. Brookes and published by Springer Science & Business Media. This book was released on 2013-12-11 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: When we first contemplated a book on this subject we were faced with a number of options: (a) to write it all ourselves, which would have had the merit of internal consistency and continuity of style; (b) to produce a collection of existing papers. which would have given us expert views in the various sub-fields of the economics of nuclear energy and would have put us in the position of knowing from the start exactly what the authors' contribu tions would be: (c) to commission contributions from individual specialists, chapter by chapter; or (d) some combination of these options. We settled for the last - we have written some of the material ourselves, have obtained permission to use some existing papers that seem to us to be valuable contributions to the subject, and have been fortunate in persuading a number of eminent people in their fields to produce papers especially for the book. This has given us a great deal of work and taken up more time than we planned for but we believe the result justifies this time and effort. It enabled us to design a structure for the book from the outset, recognizing that there are several aspects to the economics of nuclear energy - especially if we take a broad view of what is embraced by the word 'economics'.
Download or read book The Technological and Economic Future of Nuclear Power written by Reinhard Haas and published by Springer. This book was released on 2019-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased. Contents History and Current Status of the World Nuclear Industry The Dramatic Decrease of the Economics of Nuclear Power Nuclear Policy in the EU The Legacy of Csernobyl and Fukushima Nuclear Waste and Decommissioning of Nuclear Power Plants Alternatives: Heading Towards Sustainable Electricity Systems Target Groups Researchers and students in the fields of political, economic and technical sciences Energy (policy) experts, nuclear energy experts and practitioners, economists, engineers, consultants, civil society organizations The Editors Prof. Dr. Reinhard Haas is University Professor of energy economics at the Institute of Energy Systems and Electric Drives at Technische Universität Wien, Austria. PD Dr. Lutz Mez is Associate Professor at the Department for Political and Social Sciences of Freie Universität Berlin, Germany. PD Dr. Amela Ajanovic is a senior researcher and lecturer at the Institute of Energy Systems and Electrical Drives at Technische Universität Wien, Austria.--
Download or read book The Financing of Nuclear Power Plants written by and published by Organization for Economic. This book was released on 2009 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have recognized that greater use of nuclear power could play a valuable role in reducing carbon dioxide emissions. However, given the high capital cost and complexity of nuclear power plants, financing their construction often remains a challenge. This is especially true where such financing is left to the private sector in the context of competitive electricity markets. This study examines the financial risks involved in investing in a new nuclear power plant, how these can be mitigated, and how projects can be structured so that residual risks are taken by those best able to manage them. Given that expansion of nuclear power programs will require strong and sustained government support, the study highlights the role of governments in facilitating and encouraging investment in new nuclear generating capacity.--Publisher's description.
Download or read book Reduction of Capital Costs of Nuclear Power Plants written by OECD Nuclear Energy Agency and published by OECD. This book was released on 2000 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The competitiveness of nuclear power plants depends largely on their capital costs that represent some 60 per cent of their total generation costs. Reviewing and analysing ways and means to reduce capital costs of nuclear power plants are essential to enhance the economic viability of the nuclear option. The report is based upon cost information and data provided by experts from NEA Member countries. It investigates the efficiency of alternative methods for reducing capital costs of nuclear units. It will provide stakeholders from the industry and governmental agencies with relevant elements in support of policy making.
Download or read book The Economics of Nuclear Power written by and published by . This book was released on 1959 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nuclear Development The Financing of Nuclear Power Plants written by OECD and published by OECD Publishing. This book was released on 2009-12-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the financial risks involved in investing in a new nuclear power plant, how these can be mitigated, and how projects can be structured so that residual risks are taken by those best able to manage them.
Download or read book Projected costs of electricity from nuclear and coal fired power plants written by Andrew W. Reynolds and published by . This book was released on 1982 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Costs of Nuclear Power written by U.S. Atomic Energy Commission. Office of Operations Analysis and Forecasting and published by . This book was released on 1959 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing the Financial Risk Associated with the Financing of New Nuclear Power Plant Projects written by International Atomic Energy Agency and published by . This book was released on 2017-06 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication emphasizes how various risks -- including those typically considered to be 'engineering risks' -- will give rise to such financial risks.
Download or read book The Economics of Nuclear and Coal Power written by Saunders Miller and published by Greenwood. This book was released on 1976 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nuclear Power s Global Expansion written by Henry D. Sokolski and published by . This book was released on 2010 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keeping the Lights on at America s Nuclear Power Plants written by Jeremy Carl and published by Hoover Press. This book was released on 2017-08-01 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Keeping the Lights On at America's Nuclear Power Plants, Jeremy Carl and David Fedor discuss the decline of American nuclear power in light of major economic, technological and political challenges. They show how high costs, low public support, and popular clean energy trends threaten America's near- and long-term nuclear viability. American nuclear power plants are closing at a historically unprecedented pace, and there's little evidence of public or political will to stop the bleeding. Recognizing the nuclear industry's flaws, the authors argue that nuclear energy is widely misunderstood. They discuss the nuclear industry's failure to capture the public's attention and imagination, and survey the new national conversation about America's renewable energy future -- a conversation that does not include nuclear. For all these challenges, the authors argue that permanently opting out of the nuclear enterprise would be a mistake. Making the case for continued nuclear investment, they show how "keeping the lights on" at America's nuclear plants can bolster American technology leadership, security, and commitment to curbing carbon emissions. They offer a menu of policy options designed to spur meaningful action at state and federal levels, to change the industry's status quo, and to reintroduce nuclear to America's energy conversation.
Download or read book The Political Economy of Nuclear Energy written by Dipak Basu and published by Springer Nature. This book was released on 2019-10-25 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using primarily Russian sources, this book explains the political and economic aspects of nuclear power. The nuclear fuel cycle is described, from the mining of natural uranium to the ultimate power generation, and to reprocessing to produce plutonium which is essential for both electricity generation and for weapons production. Historical aspects of nuclear developments in Germany, the USA, India, China and the Soviet Union are also considered and explained. The book then proceeds to argue that Russia is more powerful today in its nuclear weapons system and delivery than ever before, and that it is precisely this which has provoked President Trump to cancel the strategic nuclear weapons reduction treaty.
Download or read book TVA Nuclear Power Cost Study 1954 written by and published by . This book was released on 1955 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nuclear Power Costs and Subsidies written by United States. General Accounting Office and published by . This book was released on 1979 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
