nuclear-news

Nuclear power twice as expensive as the Swedish government thought?

Nuclear power may be almost twice as expensive as the government thought.
Nuclear power must stand on its own two feet, the government has said. But
Vattenfall’s latest assessment shows that new nuclear power can be almost
twice as expensive – which may require multibillion-dollar government
support.

Sweden’s forecasts from the Energy Agency are based on the fact
that electricity from new nuclear power is expected to cost 55-60 öre per
kilowatt hour. To be compared with 35 öre for wind power on land. SVT can
now reveal that Vattenfall has received price information from several
suppliers of both large and smaller so-called SMR reactors. The overall
conclusion is costs of 90-112 öre per kilowatt hour. Almost twice as much
as previous assessment, then. Vattenfall believes that this level mainly
applies to a first large-scale reactor, where you cannot lower the price
with economies of scale.

 SVT Nyheter 16th Jan 2024

https://www.svt.se/nyheter/inrikes/karnkraften-kan-bli-nara-dubbelt-sa-dyr-som-regeringen-trott

January 18, 2024 - Posted by Christina Macpherson | business and costs, politics, Sweden