By University Of Chicago
A examine carried out on the college of Chicago
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Extra info for Economic Future Of Nuclear Power
Table 3-1 identifies the accounts and reports a typical structure of capital cost accounts for a nuclear power plant for a boiling water reactor of mature design. Table 3-2 disaggregates the expenditures by account for the mature boiling water reactor into their three principal components, equipment, labor, and materials, reporting the structure of costs in more detail. The cost structure of Table 3-2 is similar to the cost structures reported for a variety of reactors in Nuclear Energy Agency (NEA), 2000, Table 5, p.
05)c-t+1 t=1 where: I K St c = Total capital expenditures discounted to year 1 = Overnight capital cost = Percentage of overnight capital costs incurred in the tth year of construction = Length of construction period. No mention is made of contingency costs, so they are omitted. Costs include initial fuel loading for the nuclear plant, but do not include value-added-tax. The OECD cost data come from OECD (1998, Tables 1–17). Plant size, contingency cost, overnight capital cost, construction schedules, total O&M costs, capacity factor, and discount rate are taken directly from the given data.
2. 1. 2. 3. 4. 5. 6. 7. 3. 4. 5. 1. Introduction Capital costs are especially important to the competitiveness of nuclear power, since they account for a major share of the levelized cost of electricity (LCOE). The literature on nuclear power plant costs reports a wide array of capital costs. 2 of this chapter deals with the overnight cost component of capital costs. 3 deals with the interest component. 4 uses the results of the chapter to narrow the range of capital costs to be used in the economic analysis of the present study, proposing to limit the analysis to three near-term reactors as the most realistic possibility and to allow for remaining uncertainty based on analysis of the individual components of capital costs.