Shure:
“Western Nuclear” is in deep troubles.

This has been seen again and again.

HOWEVER
We must conduct a proper post mortem and find out why.
First the obvious symptoms:
– Cheapest nuclear power from an ‘old system’ (Sweden): € 26/MWh
– Cheapest nuclear power from new power plants (Korea): € 27/MWh
– Most expensive new nuclear power (Hinkley Point C): € 124/MWh
– Russia: “Guarantee” 2017 50 €/MWh
– China, Russia and Korea are able to follow plans.
Both costs and timetable.

OK
We have to analyze the horrifying symptoms and I have tried to come forward with the following:
– Why it is so expensive: http://wp.me/p1RKWc-11D
– How the exaggerated demands for safety undermines the economy:
http://wp.me/s1RKWc-51

The Market ?

Is it because we are locked into a capitalistic thinking and will, at all costs, avoid government investments?

From The Energy Collective
Edward Kee, February 23, 2017, I quote, extract and modify:

– – – – However, consolidating, standardizing and scaling require:
– Selection of a “winning vendor” – around which the industry can
consolidate.
– Selection of a “winning design” – around which the industry can
standardize; and
– Large need for new nuclear capacity to facilitate scale.
– Government determination.

– –The examples of where this has been done are limited.
– France until mid-1980s (when N4 designs started construction)
– South Korea
– China
– Russia and
– Probably also Sweden.

– –What these examples have in common are:
– Government ownership of nuclear power industry.
(Easy to decide on vendor and reactor design.)
– Government control of electricity industry.
(Captive customer for nuclear power plants).
– Need for capacity.
(Large and growing demand for power).
– An industry, allowed to getting things done.

However

– –The market approach to nuclear power, whether in U.S. or elsewhere in the world, involves:
– Vendors competing for market share.
– Reactor designs being developed by these vendors to meet buyer
preferences and/or requirements.
– Ever changing government demands and regulations.
– And, building units as possible (i.e., when buyers make investments.)

To make matters worse

Private investors will obviously be afraid of being treated as in Germany.
And
It may be difficult to find out:
– Shall we go for the extreme? – Both price and security.
(as in England.)
– Shall we go for something realistic?
(as now in Finland and different East European countries.)
– Shall we just wait and see?
– Will it be possible to find the necessary (private) investment?
(Except for the rich Gulf-states.)
Even
It is trumped, that nuclear (in the west)
will be extinct.

Finally:

What can be done to get out of the iron-grip of those who, just per automatic, say no No NO as soon as they hear the word nuclear?

Dear unknown reader

I need your input and hopefully constructive comments.
Write to me at thorkilsoee@gmail.com

Yours
Thorkil Søe

Postscript

From a long, but interesting article in The Economist Feb. 2017, I quote:
– –Paradoxically, that means:
The more states support renewables, the more they will have to pay for conventional power plants, too, using “capacity payments” to alleviate intermittency.

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