If nuclear was cheaper…

If nuclear power was cheaper,

we could obviate the fact that it leads to a centralized power generation model instead of a more valuable democratized power generation.

If nuclear power was cheaper,

we could neglect the fact that it leads to an unflexible power generation model instead of a flexible, adaptive and future-proof system.

If nuclear power was cheaper,

we could try to neglect the risks that this source of energy entails.

If nuclear power was cheaper now,

we could try to neglect the fact that it takes very long to build and that cost overruns and delays are very common (just read about the Olkiluoto story).

If nuclear power was cheaper now,

we could try to neglect the fact that the energy situation changes faster every day so it would no longer be cheap compared to other sources when it sells it’s first kWh after a decade (if you are lucky) of construction…

nuclear-power-plant-1314782 stop

No need to ban them, really. (Image by Nathaniel Dodson on freeimages.com)

However… It is not cheap

…just see the Hinkley Point story where not even paying twice the actual wholesale price makes it a good investment. Now compare that with recent prices in wind and solar Power Purchase Agreements.

It is not cheap,

even when the very costly decommissioning is not considered in the price.

It is not cheap,

even if the storage of used fuel for thousands of years is not considered in the price.

It is not cheap,

even when the liabilities are socialized and assumed by governments and citizens, while operators have small insurances, and therefore are not included in the price…

That is why no free market would see the construction of a nuclear plant nowadays, only goverment imposed investment in nuclear is possible.

And it is a mistake, a risky and costly one.

 

 

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Un pensamiento en “If nuclear was cheaper…

  1. Come on, would you put your money on a new nuclear plant, wait 10 years (if lucky), with the risk of having to increase the initial investment because of cost overruns and then compete in a free power pool likely to be full of renewables already with energy superavits* and try to achieve a return on your investment? What return would you expect?
    *https://carlosdepalacio.wordpress.com/2016/02/07/future-superavits-in-energythaca/

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