Facebook LinkedIn Twitter
Shop

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

Chapter 24 - The Optimal Time to Decommission Commercial Nuclear Reactors

Abstract:
One of the key questions related to decommissioning is its optimal timing. In this final chapter, Geoffrey Rothwell integrates the findings presented in Nuclear Decommissioning Economics by proposing a model of discounted decommissioning costs. The real cost of decontaminating a reactor is specified as a function of its size, the volume of radioactive material, radiation exposure regulation, and the rate of productivity change in the decommissioning industry. The model allows calculation of an optimal waiting period between reactor shutdown and decommissioning. The optimal waiting period decreases with tighter radiation exposure regulation and higher inflation rates for radioactivewaste burial.

Purchase ( $25 )

Energy Specializations: Nuclear Power – Markets and Prices; Nuclear Power – Policy and Regulation

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Keywords: Nuclear decommissioning, Optimal timing, Decontamination, Demolition costs, Radioactive waste burial

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-24


Published in Volume 12, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.