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Will nuclear power pay for itself?
Authors:Jeffrey R Paine
Institution:University of Illinois, Springfield, USA
Abstract:Will nuclear power ever generate enough revenue to cover its costs? Historical data covering capital, fuel, operations, maintenance, decommissioning, and waste disposal costs, and generation and revenue figures during the period 1953 through 1991 were analyzed and compared. The analysis shows that nuclear power is currently nowhere near meeting its costs. Scenarios projecting future costs and revenues were developed. Analysis of these projections suggests that even under the most optimistic conditions (where costs are cut considerably and revenues climb substantially), the current generation of the nuclear option over its lifetime may be best be economically marginal.
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