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The Forum > Article Comments > Energy prices, the climate and the nuclear bubble > Comments

Energy prices, the climate and the nuclear bubble : Comments

By Wade Allison, published 12/5/2014

You pay extra for what you insist on – and the more you insist, the more you pay. That is the law of the street and it applies to the safety of nuclear radiation.

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More regarding the costs of cleaning up the Fukushima and also the Sellafied UK Reactor complexes http://www.tcetoday.com/latest%20news/2014/may/sellafield-and-tepco-will-share-expertise.aspx#.U3FJVfmSySo

"The speed and cost of cleanup at both sites have come under sharp focus. The Fukushima cleanup has been beset with problems including leaks of radioactive coolant that have contaminated groundwater. The cost of cleanup is estimated to be as high as US$60bn and may take 30 years or more.

Meanwhile, the UK's Public Accounts Committee warned that failing management practices at Sellafield have seen cleanup costs balloon to £70bn (US$118bn) from £67.5bn last year.in the space of just one year."
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Hi Rhrosty

If small power reactors are ever actually built in Australia (ie. runs on the board) you'll have some grounds to build a case ;-)
Posted by plantagenet, Tuesday, 13 May 2014 8:30:49 AM
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plantagenet,

>"The cost of cleanup is estimated to be as high as US$60bn"

So?

What is the cost per MWh of electricity supplied.

Oh. Lets see. Divide by the MWh generated over the life of the plants that generated the waste, and discount the costs over the 30 years.

What's that work out to? Less than 1% of the cost of electricity. Trivial.

Don't you ever think before you write your doomsayer's nonsense?
Posted by Peter Lang, Tuesday, 13 May 2014 12:00:44 PM
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Hi Rhrosty

So where in Australia would mini reactors be built and finally decommissioned? How would reactor-on-truck convoys get past the usual protesters and residents of new reactor areas?

Cheers

Planta
Posted by plantagenet, Tuesday, 13 May 2014 12:16:57 PM
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planetagenet

The cost of the Fukushima amounts to about $0.04/MWh, which is $0.4 c/kWh; i.e. about 2% to cost of electricity. Much cheaper and safer than if they'd used coal for the past 40 years instead.

Fukushima accident cost = ~$60 bn
Japan electricity generation from nuclear, 1970-2012 = ~30,000 TWh
Electricity cost in 2011 US$ = ~$50/MWh
Electricity cost = ~$1,500 bn
Fukushima accident cost per MWh = ~$0.04/MWh
Posted by Peter Lang, Tuesday, 13 May 2014 1:02:29 PM
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