Economics of Nuclear Power

This book is a unique introduction to the economic costs of nuclear power. It examines the future of the nuclear power industry and unpacks the complicated relationships between its technical, economic and political variables. It does so by modelling the costs, risks and uncertainties of one of the world?s most opaque industries using micro-econometrics, econometrics, and cost engineering.

Economics of Nuclear Power examines the very important costs of externalities (storing of nuclear waste and the impact of a Chernobyl or Fukushima event) and compares those to the externalities of alternative carbon based energies (oil, coal, natural gas). With over 100 tables and figures this book details nuclear power production around the world - present and planned, providing a completely global focus. It also includes an overview of the past 70 years of international nuclear power developments.

This book is essential reading for students, scholars and professionals interested in energy economics, nuclear engineering and energy policy.

1. Introduction to the International Commercial Nuclear Power Industry 2. Regulating Light Water Reactors in the U.S. 2A. Levelised Cost and the Cost of Capital 3. New Nuclear Power Plant Capital Construction Costs 3A. Risk, Contingency, and Diversification in Electricity Generation 3B. An Appropriate Insurance Premium for a Nuclear Power Plant Accident 4. New Light Water Reactor Operating and Levelised Costs 4A. The Expected Cost of Recycling Used Uranium Oxide Fuel 5. Levelised Cost and Cost Risk for Portfolios of Generating Assets