Question

Nuclear energy providess the lowest cost electricity because of --
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Answer 1

Answer:

Economics of Nuclear Power

• Nuclear power is cost competitive with other forms of electricity generation, except where there is direct access to low-cost fossil fuels.
• Fuel costs for nuclear plants are a minor proportion of total generating costs, though capital costs are greater than those for coal-fired plants and much greater than those for gas-fired plants.
• System costs for nuclear power (as well as coal and gas-fired generation) are very much lower than for intermittent renewables.
• Providing incentives for long-term, high-capital investment in deregulated markets driven by short-term price signals presents a challenge in securing a diversified and reliable electricity supply system.
• In assessing the economics of nuclear power, decommissioning and waste disposal costs are fully taken into account.
• Nuclear power plant construction is typical of large infrastructure projects around the world, whose costs and delivery challenges tend to be under-estimated.

Explanation:

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