Viewing a single comment thread. View all comments

MrP3rs0n t1_jdcyry6 wrote

But nuclear is way cheaper and 99.99% risk free now

0

Kaz_55 t1_jdh5kal wrote

Nuclear is so "cheap" that is outperformed by every other option on the market:

https://en.wikipedia.org/wiki/Levelized_cost_of_electricity

https://www.lazard.com/media/sptlfats/lazards-levelized-cost-of-energy-version-150-vf.pdf

It is also so "risk free" that the industry wouldn't be able to survive without special legal constructs that absolve it from any actual liability for these "non-existent" risks:

https://thebulletin.org/2020/02/the-us-government-insurance-scheme-for-nuclear-power-plant-accidents-no-longer-makes-sense/

https://thebulletin.org/2011/10/nuclear-liability-the-market-based-post-fukushima-case-for-ending-price-anderson/

>The Price-Anderson Act, which limits utility liability in the event of nuclear accidents, is totally out of sync with US energy goals because it places a heavy thumb on the scale of resource acquisition, favoring the wrong type of assets (high risk, high cost) in the current economic environment. In an uncertain environment, financial risk analysis teaches that the investor should preserve options and value flexibility by keeping decisions small and preferring investments with low, more predictable risks and short lead times. With their high risks, large sunk costs, long lead times, and extremely long asset lives, nuclear reactors are the worst type of assets to acquire at present.

Nuclear is pretty much the worst option and an active hinderance.

2