The economic future of nuclear power

By P. Joskow, J. Parsons. Daedalus, 2009

117 citations recorded by the source corpus.

INTRODUCTION In the last several years we have seen what appears to be a global revival of interest in continued operation of the existing fleet of nuclear power plants and in constructing a new generation of nuclear plants. A recent International Atomic Energy Agency (IAEA) report indicates that 24 countries with nuclear power plants are considering policies either to accommodate or encourage investments in new nuclear power plants and that 20 countries without nuclear power today are considering supporting the use of nuclear power to meet future electricity needs. It projects as much as a 100% increase in nuclear generating capacity by 2030. The U.S. has taken a number of steps to encourage investment in a new fleet of nuclear power plants. The federal safety review and licensing process has been streamlined and a variety of financial incentives for new nuclear plants are included in the Energy Policy Act of 2005. As of early 2009, license applications for 26 new plants have been filed with the U.S. Nuclear Regulatory Commission (NRC) and additional applications are likely.

Subfields: Safety, Risk, Reliability and Quality

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Citations in the corpus

Deregulation, Consolidation, and Efficiency: Evidence from U.S. Nuclear Power (2012, background): “Capital costs represent about 80% of the total cost of nuclear power, compared to, for example, only 15% for natural gas generation (Joskow and Parsons, 2009).”
The Future of the Nuclear Industry Reconsidered: Risks, Uncertainties, and Continued Potential (2012, background): “8 underlying the debate on the future of nuclear power relates to the continuing lack of consensus on what will be the costs of new nuclear generating plants (Joskow and Parsons, 2009).”