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Summary: www.electricitypolicy.org.uk
Financing arrangements and industrial
organisation for new nuclear build in electricity
EPRG Working Paper EPRG 0826
Cambridge Working Paper in Economics 0850
Dominique Finon and Fabien Roques
Under the former regulated utility regime and regulatory arrangements, many of the
risks associated with power plant construction costs, operating performance, fuel
price changes, and other factors were borne by consumers rather than investors.
The current context for new nuclear build in power markets is significantly different
with producers bearing much of the risks unless some are transferred onto other
stakeholders through long term contracts and/or innovative financing arrangements.
A potential nuclear power renaissance in liberalised markets will face a number of
hurdles associated with the specificities of the technology and the legacy of past
experiences. Nuclear power suffers indeed from some specific risks: i) the regulatory
risk associated with the instability of safety regulations and design licensing; ii) the
policy risk where electoral cycles could undermine the commitment to nuclear power
and the development of nuclear waste disposal facilities; and iii) the construction and


Source: Aickelin, Uwe - School of Computer Science, University of Nottingham


Collections: Computer Technologies and Information Sciences