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In Levelized Cost of Energy (LCOE) estimates and comparisons, a very significant factor is the assumed discount rate which reflects the preference of an investor for short-term value of the funds as opposed to long-term value. As it's not a physical factor, but rather economic, a choice of specific values of discount rate can double or triple ...
cost of renewable energy sources significantly decreased and are competitive (in LCOE terms) with dispatchable fossil fuel generation; cost of extension of operations of existing nuclear power plants (LTO, long-term operations) has the lowest LCOE of low-carbon energy sources;
Electricity from long-term operation of nuclear power plants by lifetime extension was found to be the least-cost option, at 32 USD/MWh. [182] Measures to mitigate global warming, such as a carbon tax or carbon emissions trading, may favor the economics of nuclear power.
The long-delayed, overbudget project has managed to split the latter group that for years has opposed the construction of two additional nuclear reactors at the plant south of Augusta as a boondoggle.
But critics fret about safety, cost and nuclear waste – it is a sector with sceptics to convince after the disasters at Chernobyl in Ukraine in 1986 and Fukushima in Japan in 2011.
The plant supplies 6% of California's power, but carries a 1 in 37,000 chance of experiencing a Chernobyl-style nuclear meltdown within five years.
System costs for nuclear power (as well as coal and gas-fired generation) are very much lower than for intermittent renewables. Providing incentives for long-term, high-capital investment in deregulated markets driven by short-term price signals presents a challenge in securing a diversified and reliable electricity supply system. In assessing ...
George W. Bush signing the Energy Policy Act of 2005, which was designed to promote US nuclear reactor construction, through incentives and subsidies, including cost-overrun support up to a total of $2 billion for six new nuclear plants.