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Nuclear power is expensive in no small part because of the safeguards needed to try to avert catastrophic accidents. Humans are fallible, and our best intentions can be subverted by inadequate training; fatigue; inattention; laziness; or what we used to call "a loss-of-brain accident." As a result, we can f[oul] up at any stage of design, construction, operation, or maintenance of a nuclear reactor. (Neither Three Mile Island [0] nor Chernobyl [1] would have been so disastrous had it not been for cascading sequences of human error.) Expecting nominal performance by people or machinery is ... unwise; as Admiral Rickover famously said, "you get what you INspect, not what you EXpect." All that adds to costs. Source: Former Navy nuclear engineering officer, qualified as [chief] engineer aboard the eight-reactor aircraft carrier USS Enterprise. [0] https://www.energy.gov/ne/articles/5-facts-know-about-three-... [1] https://www.iaea.org/newscenter/focus/chernobyl/faqs |
That said, civilian nuclear power, at least in the US, was never operated with the same attention to detail and the same intolerance for f[oul]ups as Navy nuclear power; the kinds of mistakes that operators made at TMI (don't even start about Chernobyl, that's a whole other level of insanity) would have gotten Navy nuclear trainees kicked out of the program long before they were allowed to do anything with an actual reactor. (When I was an Engineering Duty Officer working at Norfolk Naval Shipyard, I saw a reactor officer get fired for an administrative error that probably would not even have been on the radar in a civilian plant.) So that can't be a significant part of the explanation of why civilian nuclear power is so costly in the US.
The high cost of civilian nuclear power in the US has always been primarily due to politics: things like unreasonable waste storage requirements imposed by the government (you don't need to store waste for 10,000 years if you reprocess it, like every other nuclear energy using country does) and endless lawsuits delaying plant construction being allowed to proceed even though they were based on no valid technical data whatever.