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by opo
3214 days ago
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>... Nuclear is fantastically expensive in every country regardless of regulations or NIMBYism. Not true. One example is France - they generate over 70% of their power through nuclear: >...France enjoys one of the lowest electricity prices in Europe; at 14.72 euro cents per kWh, the average cost of electricity in France is 26.5% cheaper than the EU average (20.02 euro cents per kWh). https://en.selectra.info/energy-france/guides/electricity-co... |
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Take Flamanville: it's basically the posterchild for expensive nuclear. It's French and huge so it should theoretically be one of the most affordable reactors in the world; the French are nuclear experts. Construction began in 1979 and has was planned to end in 1985.
Instead, it's been delayed until 2019 and the budget has inflated from 3.3 billion euro to 10.5 billion. In USD that's an overnight cost of $4,522 USD/kW not counting financing, and a 40 year construction period. You'd have to be insane to invest in that, and it's one of the cheapest nuclear projects. The overnight cost of advanced nuclear in the US is $6,000/kW[1].
For comparison, the overnight cost of natural gas is $700/kW and wind is $1900/kW (with capacity factor >30%). Nuclear can't compete on price even before the cost of fuel, security and staff are factored in.
[1]: https://www.eia.gov/analysis/studies/powerplants/capitalcost...