NERA Experts Available to Discuss March 6 Report to Sustainable Development Commission on the Economics of Nuclear Power
6 March 2006, NERA Economic Consulting experts are available to discuss their report to the Sustainable Development Commission, “Economics of Nuclear Power,” exploring the economics and potential cost factors involved in building new nuclear capacity in the UK. The report was co-authored with SPRU (Science and Technology Policy Research, Sussex University).
The report’s findings were released this morning as part of the Sustainable Development Commission’s launch of their position on nuclear power at the Royal Academy of Engineering.
The report concludes that the most important element in the total cost of nuclear power is the cost of construction (capital cost), which accounts for some 60 to 75% of the generating cost of nuclear power. The report outlines the uncertainties that will need to be resolved if the UK is to pursue a new nuclear build programme.
“Economics of Nuclear Power” looks at a variety of variables involved in determining nuclear power costs, based on recent experience. The report includes economic data and case studies relating to new and existing nuclear facilities in the UK and nations including Finland, France, Romania, India, Russia, China, Argentina, Korea, Japan, Taiwan, and others. According to the report, some 24 reactors are currently under construction worldwide, with the great majority of those reactors featuring designs most likely “out of contention” for use in the UK.
“Economics of Nuclear Power” is available to download from the Sustainable Development Commission’s website at www.sd-commission.org.uk. The NERA experts involved are Dennis Colenutt, Michael Spackman, and Essie Linton, who are available to comment on the report and the wider nuclear debate. Gordon MacKerron from SPRU co-wrote the report.
NERA Economic Consulting is uniquely positioned to offer insight and commentary on the economics of energy policy and climate change. Further information regarding NERA’s energy and environment expertise can be found on the NERA website, www.nera.com.
Please contact Dennis Colenutt at +44 20 7659 8544 or email@example.com.
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