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The Cost of Switching Electricity Generation From Coal to Nuclear Fuel

The Western European and Japanese nuclear power cost advantage over coal-fired electricity generation has been used, particularly since global warming became an issue, to counterpoint the U.S. experience - where the advantage is not apparent. Using OECD methodology, this paper examines the OECD assumptions and, as necessary, replaces them with European/lapanese practice. Additionally, for comparison with the U.S., market conditions replace statist controls. With the revised assumptions, the OECD data are resimulated yielding a severe reduction or reversal of the European/Japanese nuclear to coal advantage. Since the new generation is only developmental, existing technologies are used.

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

JEL Codes: Q35: Hydrocarbon Resources, Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q54: Climate; Natural Disasters and Their Management; Global Warming

Keywords: Electricity generation, Coal, Nuclear fuel, OECD, Fuel switching

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No2-7

Published in Volume 12, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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