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Reactors in long-term operation are even more cost-effective, data shows Cost reductions stemming from the lessons learnt from first-of-a-kind projects in several Organisation for Economic Cooperation and Development countries could see nuclear power remain the dispatchable low-carbon technology with the lowest expected levelised costs of energy (LCOE) in 2025, a joint report by the Nuclear Energy Agency and International Energy Agency says.

The report, ‘Projected Costs of Generating Electricity’, says the LCOE of nuclear in 2025 will range from about $55-$95 per MWh. This compares to a maximum of almost $100/MWh for coal and about $80/MWh for gas. The cheapest non-dispatchable source of electricity is onshore wind of more than 1 MW, with an LCOE of $40-$50/MWh. Offshore wind is about $80-$110/MWh and utility scale solar PV $40-$80/MWh.

For nuclear plants that are in long-term operation, the cost falls considerably, with an LCOE of less than $40/MWh. Prolonging the operation of existing nuclear power plants is the most cost-effective source of low-carbon electricity. Hydroelectric power can provide a similar contribution at comparable costs, but remains highly dependent on the natural endowments of individual countries.

LCOE captures both capital and operating costs that need to be covered. It is essentially the long-term price at which the electricity produced by a power plant will have to be sold at for the investor to cover all their costs.

Date: Thursday, 10 December 2020
Original article: nucnet.org/news/nuclear-is-most-affordable-dispatchable-source-of-low-carbon-electricity-12-3-2020

The levelised costs of electricity generation of low-carbon generation technologies are falling and are increasingly below the costs of conventional fossil fuel generation, according to a report by the OECD Nuclear Energy Agency (NEA) and the International Energy Agency (IEA). The cost of electricity from new nuclear power plants remains stable, yet electricity from the long-term operation of existing plants constitutes the least cost option for low-carbon generation. Nuclear electricity is expected to have lower costs in the near future, the report says.

Date: Thursday, 10 December 2020
Original article: world-nuclear-news.org/Articles/Nuclear-electricity-costs-set-to-decline,-study-fi

Ambitions for nuclear have been scaled back as countries have reviewed policies following the accident at Fukushima Daiichi, but capacity is still projected to rise, led by China, Korea, India and Russia, according to the International Energy Agency’s World Energy Outlook 2012 report.

Date: Tuesday, 13 November 2012
Original article: neimagazine.com/news/newsnuclear-prospects-dimmed-but-still-growing-says-iea

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