p. 786. The cost of nuclear power
- Maxwell Irvine
‘The cost of nuclear power’ explains the difficulties of costing nuclear power. Construction, decommissioning, and waste disposal all have to be factored in. The cost of licensing new designs is high, but in France this has fallen since the Regulatory Commission agreed a standard design for all plants. Decommissioning costs can be estimated at the construction phase but may not accurately reflect the actual cost forty or fifty years later. In some countries, such as France, Sweden, and Finland, a fund for decommissioning costs is created from operating income. High capital start-up costs and a slow rate of return affect willingness to invest in new nuclear plants.