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www.electricitypolicy.org.uk EPRGWORKINGPAPER

Summary: www.electricitypolicy.org.uk
Financing the Nuclear Renaissance
EPRG Working Paper 0814
Cambridge Working Paper in Economics 0829
WJ Nuttall* and S Taylor
This paper considers the key economic risks associated with nuclear
power. The authors observe that the bulk of the risks of a nuclear power
station project fall during the roughly five year period of plant
construction. This window of risk follows a lengthy siting process and
comes before power station operations lasting up to sixty years. As a
consequence of the nature of the economic risks, operational nuclear
power plants are more attractive targets for initial investment than new
build projects. The authors suggest that the first glimmers of a US
nuclear renaissance were visible in 2000 when dramatically higher
prices were achieved for second-hand nuclear power plants following a
period of depressed prices in the 1990s. The paper closes with a
consideration of the prospects for nuclear new build in both Europe and
the United States and the key financial and economic factors that could


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


Collections: Computer Technologies and Information Sciences