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Vanclief | 9 months ago
I would expect that there have been multiple nuclear power plants that provide a net positive return, specially on countries like France where 70% of their energy is nuclear.
Vanclief | 9 months ago
I would expect that there have been multiple nuclear power plants that provide a net positive return, specially on countries like France where 70% of their energy is nuclear.
Retric|9 months ago
However a reasonable argument can be made the public benefited from externalities like lower pollution and subsidized electricity prices even if it was a money pit and much of the benefit was exported to other countries via cheap off peak prices while France was forced to import at peak rates.
amenhotep|9 months ago
jmyeet|9 months ago
Additionally, the industry as a whole is shielded from the liability that would otherwise have bankrupted it multiple times. Notably, the clean up from Fukushima will likely take over 100 years, requires tech not yet invented and will likely cost as much as a trillion dollars [3]. In the US, there is a self-insurance fund paid into by the industry, which would've been exhausted 10-20 times over from a Fukushima level disaster. Plus, Congress severely limits liability from nuclear accidents, both on a per-plant and total basis ie the Price-Anderson Act [4].
Next, it seems like it's the taxpayer who is paying to process and store spent nuclear waste, a problem that will persist for centuries.
Even with all this the levellized-cost-of-energy ("LCOE") of fission power is incredibly expensive and seemingly going up [5].
Some want to reduce costs by using more off-the-shelf tech and replicating it for scale, most notably with small modular reactors ("SMRs") but this actually makes no sense because larger fission reactors are simply more efficient.
[1]: https://theecologist.org/2016/jan/04/after-60-years-nuclear-...
[2]: https://www.ucs.org/resources/nuclear-power-still-not-viable...
[3]: https://cleantechnica.com/2019/04/16/fukushimas-final-costs-...
[4]: https://www.yuccamountain.org/price_anderson.htm
[5]: https://en.wikipedia.org/wiki/Cost_of_electricity_by_source
bpfrh|9 months ago
Most reactors are old and in need of repair, most of these earlier than planned afaik.
There is also the bigger issue that some reactors are shut down in the summer because cooling water would leave the reactor so hot that it would be a danger to the animals living in the river.
shitpostbot|9 months ago
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