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 18 - Confronting Uncertainty: Contingency Planning for Decommissioning

Contingency factors are a standard ingredient in all types of estimated costs. The actual contingency figure used, however, is always open to question. Given the absence of large-scale decommissioning projects, the long future time reference, the history of early shutdowns, and possibility of accidents, there continues to be a substantial controversy regarding the contingency level that is most appropriate. In this chapter, Bruce Biewald and Stephen Bernow present a critical review of the matter of contingency factors, arguing that current common levels in the neighborhood of 25 percent are too low.

Purchase ( $25 )

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

JEL Codes: Q50: Environmental Economics: General, Q57: Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology, D81: Criteria for Decision-Making under Risk and Uncertainty, Q41: Energy: Demand and Supply; Prices, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, C53: Forecasting Models; Simulation Methods

Keywords: Nuclear decommissioning, Uncertainty, Contingency planning, Risks, Radioactive waste

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-18

Published in Volume 12, Special Issue of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


© 2023 International Association for Energy Economics | Privacy Policy | Return Policy