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Chapter 2 - Decommissioning Costs and British Nuclear Policy

Gordon MacKerron

Year: 1991
Volume: Volume 12
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-NoSI-2
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The topic of decommissioning economics is not an isolated activity. As Gordon MacKerron shows in this chapter, decommissioning economics are linked to other, often national considerations. The advanced age of the British reactors, plus the government's desire to privatize the entire electrical utility industry, brought decommissioning to the front of public debate unexpectedly early in Britain. As decommissioning estimates have come under closer attention, they have tended to rise from early estimates. Today, the estimated costs are much higher than in the U.S. So far, the funds for this activity are only paper provisions. It appears that one source of higher costs will be increased regulatory requirements. Titus, nonengineering factors are beginning to affect decommissioning costs, as they have other nuclear costs in Britain and elsewhere. MacKerron concludes that the final costs of decommissioning are likely to be higher than estimated originally.

Buying Time: Franchising Hazardous and Nuclear Waste Cleanup

Douglas R. Hale

Year: 1997
Volume: Volume18
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol18-No2-4
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This paper describes a private franchise approach to long-term custodial care, monitoring and eventual cleanup of hazardous and nuclear waste sites. The franchise concept could be applied to Superfund sites, decommissioning commercial reactors and safeguarding their wastes and to Department of Energy sites. Privatization would reduce costs by enforcing efficient operations and capital investments during the containment period, by providing incentives for successful innovation and by sustaining containment until the cleanup's net benefits exceed its costs. The franchise system would also permit local governments and citizens to demand and pay for more risk reduction than provided by the federal government. In principle, they would have the option of taking over site management. The major political drawback of the idea is that it requires society to be explicit about what it is willing to pay for now to protect current and future generations.

EU Gas Industry Reforms and Consumers' Prices

Rinaldo Brau, Raffaele Doronzo, Carlo V. Fiorio and Massimo Florio

Year: 2010
Volume: Volume 31
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol31-No4-8
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This paper offers an empirical analysis of the impact of reforms in the natural gas industry on consumer prices across the EU-15 area. After briefly reviewing the most recent reforms, we study the relationship between regulatory indicators and price dynamics by means of panel data econometrics. Our findings suggest that so far there is limited evidence of beneficial effects for European consumers from the standard package of gas industry reforms.

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