«Even if gas prices don't go lower, developments in storage, solar, and efficiency will put downward pressure on power prices and operational costs will continue to put upward pressure on
nuclear plant costs.»
Building the number needed to equal the output of one
nuclear plant costs about as much, and takes about as long, as building the plant.
James wrote: «Building the number [of wind turbines or solar panels] needed to equal the output of one
nuclear plant costs about as much, and takes about as long, as building the plant.»
Not exact matches
NEW YORK, April 1 - FirstEnergy Corp said late on Saturday its
nuclear and coal power
plant units filed for bankruptcy court protection as the company looks to restructure, sell assets and win government support to cope with competitors using lower -
cost natural gas.
This radioactive isotope of hydrogen is only manufactured in
nuclear power
plants and would
cost any fusion generator $ 100 million per week.
Those
plants are aging, and if we replace them with new
nuclear plants they would struggle to compete against the shrinking
costs of wind and solar.
Southern has struggled over the past few years with
cost over runs from the construction of two new
nuclear power
plants (Vogle and Kemper).
Within a few months it took a 30 % + plunge due to
cost overruns on its new
Nuclear Power
Plant project and than abandonment due to the bankruptcy of Westinghouse.
The only
nuclear power
plant being built in the US (Vogtle in Georgia) is
costing $ 7 per watt, and eventually perhaps more.
It's also the date for an $ 8 billion bailout of some upstate
nuclear power
plants to begin, and more than 80 local government leaders are making a last - ditch effort to stop a plan that they say will
cost electric utility ratepayers billions of dollars.
A plan to offer a $ 7.6 billion subsidy to the company controlling most of New York's
nuclear power
plants will
cost the City Of Buffalo about $ 3.35 million in added utility
costs, according to a new analysis by the Alliance for a Green Economy.
The company said the continued operation of the
nuclear plants is a «crucial way» to keep down New York's carbon emissions, as well as electric
costs, and a «realistic» plan to meet the state's 2030 clean energy standards.
1) Repeal the Triborough Amendment; 2) State pick - up of Medicaid
costs from counties; 3) Roll - back of Medicaid entitlements / coverages to median national levels; 4) Major reform of SEQR process which blocks projects Upstate; 5) Repeal NY's participation in RGGI; 6) Cut 50 percent of staff at DOE, DOH, DEC in order to let the other half do their jobs, which means serving the people instead of feeding the bureaucratic monster; 7) Support expansion of
nuclear plants at Oswego, construction of new
plants elsewhere; 8) Tort reform to allow doctors to practice medicine, instead of fleeing NY; 9) Use the bully pulpit to support natural gas drilling and tell the envirowackos to grow up.
Most of the
nuclear facilities currently operating in America don't have them, and few of the operators of the older
plants would opt to build them because of the
cost, N.R.C. spokesman Neil Sheehan said.
New research by the party suggests that on top of the up to # 90 billion
cost of decommissioning existing
plants, taxpayers will have to fork out billions in direct and indirect subsidies to the
nuclear industry to persuade them to build new ones.
The city of Yonkers will pay an extra $ 3 million to keep its lights on over the next 12 years, according to a study of utility
costs linked to a controversial Cuomo administration plan to bail out three upstate
nuclear power
plants.
In recent years, historically low natural gas prices have driven down wholesale electricity
costs as
plant owners switched to that fuel, making
nuclear power less competitive financially.
A new report from the conservative Empire Center, a fiscal watchdog, finds that New York state's Clean Energy Standard plan to boost renewable sources of energy and support struggling
nuclear plants could
cost more than the state estimates.
Some environmental groups say the Cuomo administration should reconsider an $ 8 billion bailout of three upstate
nuclear power
plants, because the
cost will be passed on to ratepayers.
Some environmental groups say Gov. Andrew Cuomo's administration should reconsider an $ 8 billion bailout of three upstate
nuclear power
plants, saying the
cost will be passed on to ratepayers.
COAL»S
COST In response to
nuclear power
plant shutdowns, Kentucky's coal - fired Paradise Fossil Plant (shown) began producing more power, and more air pollu
plant shutdowns, Kentucky's coal - fired Paradise Fossil
Plant (shown) began producing more power, and more air pollu
Plant (shown) began producing more power, and more air pollution.
Some older
nuclear plants simply can't compete on
cost with gas - fuelled rivals.
The government policy is also due, in part, to the emergence of new
nuclear energy technologies that, if successfully developed and implemented, could increase
nuclear plant safety while also reducing
costs and the risk of
nuclear proliferation.
Currently,
nuclear and wind energy (as well as clean coal) are between 25 and 75 percent more expensive than old - fashioned coal at current prices (not including all the hidden health and environmental
costs of coal), and so it will take a stiff charge on coal to induce rapid replacement of obsolete
plants.
The current
cost of delivering
nuclear - generated electricity is low in part because many
plants were paid for long ago, Lovins notes.
Last year managers agreed to a road map for decommissioning the site over the next 30 to 40 years that calls for removing melted
nuclear fuel masses and demolishing the
plant's four reactor halls at a
cost that could top $ 9 billion.
The study estimates that new
nuclear plants carry a heavy risk premium because of uncertain construction
costs.
Mattson said the added safety measures likely to result from a more demanding look at
nuclear plant vulnerabilities should not impose unreasonable
costs on most
plants.
Closing the older
nuclear plants is not an option for many EU countries, which are facing an energy capacity crunch as other types of
plant are being closed or mothballed because they can't cover their operating
costs, or to meet stricter environmental regulation.
LONDON (Reuters)- Europe's ageing
nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and
costing plant operators many millions of dollars.
Europe's ageing
nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and
costing plant operators many millions of dollars
Once the construction
costs of a
nuclear plant are amortized, its operating
costs are less than those of any fossil fuel — fired
plant, including coal.
More than 100 gigawatts of geothermal power (one tenth of the current U.S. electrical generation) could be developed for $ 1 billion during the next 40 years — at the full
cost of one carbon - capturing coal - fired power
plant or one - third the
cost of a new
nuclear generator.
But even if the EU picked up the entire bill, says the Ökoinstitut, «it would
cost every citizen of the EU an insurance premium of at most $ 2.80 per year» to shut down the largest concentration of
nuclear power
plants in Eastern Europe.
Although
nuclear power
plants require large up - front investments, their operational and fuel
costs are competitive and predictable.
«The NRC has been pressured by the
nuclear industry, directly and through Congress, to low - ball the potential consequences of a fire because of concerns that increased
costs could result in shutting down more
nuclear power
plants,» said paper co-author Frank von Hippel, a senior research physicist at Princeton's Program on Science and Global Security (SGS), based at the Woodrow Wilson School of Public and International Affairs.
NuScale claims it will be able to produce power at about seven to nine cents per kilowatt - hour — roughly the same as big
nuclear plants, only a few cents more than the cheapest modern natural gas — fired or coal - fired
plants, and one - third the
cost of a typical diesel generator.
For one thing, Reyes explains, miniaturized
nuclear plants are small enough to mass - produce, driving down
costs, and they can be shipped just about anywhere by truck or boat, even to locations that are off the grid.
«The energy payback time of a
nuclear power
plant is at present about 11 years compared with natural gas at half a year,» Storm van Leeuwen argues, when the full
cost of decommissioning a
nuclear power
plant at the end of its useful life is included.
«In China the
cost for a
nuclear power
plant is as low as $ 1,500 per kilowatt,» he said.
Even though a supporter of
nuclear power, Charpak was one of three signatories to an editorial in the French daily Libération in August that called for a halt to the building of the experimental fusion reactor ITER in the south of France because the
cost of the project has running out of control and the
plant will be «unusable.»
The first «turnkey»
plant, Oyster Creek
nuclear generating station in New Jersey was sold for less than $ 100 million in 1964 — a price well below what it would ultimately
cost to build the reactor.
Meserve said he urged the panels to strengthen Japan's regulatory oversight of
nuclear power, making
nuclear safety the highest priority for
plant operators, above
cost and power production.
A 1000 - megawatt
plant would take three years and
cost 500 billion pesetas — around half the price of Spain's first - generation
nuclear power stations of similar output.
Considering
nuclear power
plants already have problems with construction
cost overruns, any additional
costs are likely to meet resistance.
The M.I.T. report predicts that even if the world's fleet of more than 400
nuclear power
plants grew to be 4,000 such
plants that then operated for a century, the
cost of the electricity from those facilities would rise by a mere 1 percent as a result of the increased demand for uranium.
If Topfer's draft becomes law, the companies that run Germany's 21
nuclear power
plants would have to shoulder the
costs of disposing of waste, decommissioning, and research and development.
The
plant is supposed to convert plutonium from weapons into fuel for
nuclear power
plants, but the study triggered fears that DOE wanted to pull the plug on the project, whose
cost has ballooned from $ 4.9 billion to $ 7.7 billion.
Wheeler examined International Energy Agency data for 174 countries on investments in six low - carbon power sources (hydro, geothermal,
nuclear, biomass, wind and solar) to find the incremental
costs of clean power compared to a cheaper, carbon - intensive option like a conventional coal - fired power
plant.
Nuclear power was simpler two decades ago, because utilities built their own
plants and could usually pass
costs through to captive consumers no matter how big the overruns.