Economic Barriers
As a general rule nuclear power plants are significantly more expensive to build than steam-based coal-fired plants, which are themselves more expensive to build than natural gas-fired combined-cycle plants of similar capacity. A part of this additional cost is due to the fact that it takes significantly longer to build a nuclear plant than it does to build either a gas-fired plant or a coal-fired plant. Because a power plant does not earn money during construction, longer construction times translate directly into higher interest charges on borrowed construction funds.
All of these charges, taken together require that coal and especially nuclear based power plants, must demonstrate operating cost advantages over natural gas if they are to be commercially favored. In general, coal and nuclear plants experience roughly the same operating costs (operations and maintenance plus fuel costs), however nuclear and coal do differ in the source of their operating cost components. Nuclear has much lower fuel costs but much higher operating and maintenance costs than does coal. In recent times in the United States these operating cost advantages have not been sufficient for nuclear to overcome its high investment costs. Thus new nuclear reactors have not been built in the United States. Coal's operating cost advantages have only rarely been sufficient to encourage the construction of new coal based power generation. Around 90-95 percent of new power plant construction in the United States has been natural gas-fired. These numbers exclude capacity expansions at existing coal and nuclear units.
Both the nuclear and coal industries face circumstances under which they must reduce new plant investment costs and construction time. The burden is clearly higher on nuclear producers than on coal producers, because investment costs are higher for nuclear plants with no visible advantage in operating costs over coal. The burden on operating costs on nuclear power plants is also greater with operation and maintenance costs particularly important simply because operation and maintenance costs are a large portion of nuclear operating costs.
Given the financial disadvantages of nuclear power, it is understandable that the nuclear industry also has sought to find additional benefits to using nuclear power. Additional benefits would translate into a willingness to pay higher prices for building nuclear based power generation, whether via direct charges or government subsidy. If all market conditions for generating power were otherwise equal, the difference that one might be willing to pay to build a new nuclear power plant would be a measure of perceived environmental gains. Because coal fired plants produce more airborn emissions, clearly the price differential accepted between nuclear and coal based power would be greater than the acceptable difference between nuclear power and natural gas.
An additional issue to discuss is the fact that most additional gas fired plants are intended for peak supply, where the larger nuclear and coal plants are generally intended for baseline supply, which has not increased as rapidly as the peak demand.
Nuclear proliferation
Detractors for the use of nuclear energy point out that the use of nuclear technology could lead to the proliferation of nuclear weapons (see nuclear proliferation), although the International Atomic Energy Agency's safeguards system under the Nuclear Non-Proliferation Treaty has been an international success and has prevented weapons proliferation thus far. It has involved cooperation in developing nuclear energy for electricity generation, while ensuring that civil uranium, plutonium and associated plants did not allow weapons proliferation to occur as a result of this.
International nuclear safeguards are administered by the IAEA and were formally established under the NPT which requires nations to:
- Report to the IAEA what nuclear materials they hold and their location.
- Accept visits by IAEA auditors and inspectors to verify independently their material reports and physically inspect the nuclear materials concerned to confirm physical inventories of them.
Statistics
In 2000, there were 438 commercial nuclear generating units throughout the world, with a total capacity of about 351 gigawatts.
In 2001, there were 104 (69 pressurized water reactors, 35 boiling water reactors) commercial nuclear generating units that are licensed to operate in the United States, producing 32,300 net megawatts (electric), which is approximately 20 percent of the nation's total electric energy consumption. The United States is the world's largest supplier of commercial nuclear power.
In France, 80% of all electric power comes from nuclear reactors.
Natural Nuclear Reactors
A natural nuclear fission reactor can occur under certain circumstances that mimic the conditions in a constructed reactor. The only known natural nuclear reactor on Earth's surface occurred 1½ billion years ago in Oklo, Gabon, Africa. [1]
List of Atomic Energy Groups
See also: nuclear fission -- nuclear fusion -- power plant -- Nuclear waste -- electricity generation -- nuclear physics -- Enrico Fermi -- Manhattan Project -- United States Naval reactor -- technology assessment
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