The cost of nuclear electricity: France after Fukushima

The cost of nuclear electricity: France after Fukushima

The Fukushima disaster has lead the French government to release novel cost information relative to its nuclear electricity program allowing us to compute a levelized cost. We identify a modest escalation of capital cost and a larger than expected operational cost. Under the best scenario, the cost of French nuclear power over the last four decades is 59 €/MWh (at 2010 prices) while in the worst case it is 83 €/MWh. On the basis of these findings, we estimate the future cost of nuclear power in France to be at least 76 €/MWh and possibly 117 €/MWh. A comparison with the US confirms that French nuclear electricity nevertheless remains cheaper. Comparisons with coal, natural gas and wind power are carried out to the advantage of these.

Source: Social Science Research Network. Boccard, Nicolas, The Cost of Nuclear Electricity: France after Fukushima (November 12, 2013). Available at SSRN: http://ssrn.com/abstract=2353305 or http://dx.doi.org/10.2139/ssrn.2353305

Date: September 2013

Download the report


Related Articles

India cancels plans for huge coal power stations as solar energy prices hit record low

India has cancelled plans to build nearly 14 gigawatts of coal-fired power stations – about the same as the total

Explaining Extreme Events of 2013 from a Climate Perspective

This  Bulletin of the American Meteorological Society special report presents assessments of how climate change may have affected the strength and

Rich countries sweep billions in public finance for coal under the rug as climate deadlines loom

Over the last eight years, while climate impacts accelerate, country governments have channelled more than US$ 73 billion of public