ECONOMIC RISKS of NUCLEAR POWER – theme for September
Today : Where nuclear companies are owned by the Government: France, Russia, China, South Korea - the economic risks of nuclear power are taken on by the consumer – the tax-payer.
And this has always been the system on the past, in USA, UK, Europe: state-owned or regulated utility monopolies where many of the risks were borne by consumers rather than suppliers.
Today: Where the nuclear companies are owned by private investors: in the USA, UK, and some European countries the risks are to be borne by plant suppliers and operators rather than consumers
This is changing everything on the financial front. The economic risks of nuclear power are many: construction costs, operating performance, fuel price, and the risk of cheaper energy competitors emerging before capital costs are recovered.
It’s all a culture shock to the nuclear lobby - the realisation that unless the tax-payer takes on these, and many other financial uncertainties - there just will not be any investment in nuclear power.
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