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Economics Of New Nuclear Power Plants
Nuclear power construction costs have varied significantly across the world and in time. Large and rapid increases in cost occurred during the 1970s, especially in the United States. Recent cost trends in countries such as Japan and Korea have been very different, including periods of stability and decline in costs. New nuclear power plants typically have high capital expenditure for building plants. Fuel, operational, and maintenance costs are relatively small components of the total cost. The long service life and high capacity factor of nuclear power plants allow sufficient funds for ultimate plant decommissioning and waste storage and management to be accumulated, with little impact on the price per unit of electricity generated. Additionally, measures to mitigate climate change such as a carbon tax or carbon emissions trading, favor the economics of nuclear power over fossil fuel power. Nuclear power is cost competitive with renewable generation when capital cost is in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power Debate
The nuclear power debate is a long-running controversy about the risks and benefits of using nuclear reactors to generate electricity for civilian purposes. The debate about nuclear power peaked during the 1970s and 1980s, as more and more reactors were built and came online, and "reached an intensity unprecedented in the history of technology controversies" in some countries. Thereafter, the nuclear industry created jobs, focused on safety, and public concerns mostly waned. In the 2010s, with growing public awareness about climate change and the critical role that carbon dioxide and methane emissions plays in causing the heating of the earth's atmosphere, there was a resurgence in the intensity of the nuclear power debate. Nuclear power advocates point to nuclear power's reliable, emission-free, high-density energy, alongside a generation of young physicists and engineers working to bring a new generation of nuclear technology into existence to replace fossil fuels. On the ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Depreciation
In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle). Depreciation is thus the decrease in the value of assets and the method used to reallocate, or "write down" the cost of a tangible asset (such as equipment) over its useful life span. Businesses depreciate long-term assets for both accounting and tax purposes. The decrease in value of the asset affects the balance sheet of a business or entity, and the method of depreciating the asset, accounting-wise, affects the net income, and thus the income statement that they report. Generally, the cost is allocated as depreciation expense among the periods in which the asset is expected to be used. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generation III+ Reactor
Generation III reactors, or Gen III reactors, are a class of nuclear reactors designed to succeed Generation II reactors, incorporating evolutionary improvements in design. These include improved fuel technology, higher thermal efficiency, significantly enhanced safety systems (including passive nuclear safety), and standardized designs intended to reduce maintenance and capital costs. They are promoted by the Generation IV International Forum (GIF). The first Generation III reactors to begin operation were Kashiwazaki 6 and 7 advanced boiling water reactors (ABWRs) in 1996 and 1997. Since 2012, both have been shut down due to security concerns. Due to the prolonged period of stagnation in the construction of new reactors and the continued (albeit declining) popularity of Generation II/II+ designs in new construction, relatively few third generation reactors have been built. Overview The older Gen II reactors comprise the vast majority of current nuclear reactors. Gen III rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric Utility
An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major provider of energy in most countries. Electric utilities include investor owned, publicly owned, cooperatives, and nationalized entities. They may be engaged in all or only some aspects of the industry. Electricity markets are also considered electric utilities—these entities buy and sell electricity, acting as brokers, but usually do not own or operate generation, transmission, or distribution facilities. Utilities are regulated by local and national authorities. Electric utilities are facing increasing demandsBy Candace Lombardi, CNET. Utilities: Green tech good for planet, bad for business” February 23, 2010. including aging infrastructure, reliability, and regulation. In 2009, the French company EDF was the world's largest prod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulated Market
A regulated market (RM) or coordinated market is an idealized system where the government or other organizations oversee the market, control the forces of supply and demand, and to some extent regulate the market actions. This can include tasks such as determining who is allowed to enter the market and/or what prices may be charged.''Encyclopedia of Management'', Pennsylvania State University, Gale, 2009, p. 31. The majority of financial markets such as stock exchanges are regulated, whereas over-the-counter markets are usually not at all or only moderately regulated. One of the reasons for regulation can be the importance of the regulated activity - meaning the harm suffered should the industry fail would be so fatal that regulators (governments, legislators) cannot afford the risk. This includes fields like banking or financial services. Secondly, it is common for some markets to be regulated under the claim that they are natural monopolies, or that a monopoly would very likel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalized
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fukushima Daiichi Nuclear Disaster
The was a nuclear accident in 2011 at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima, Japan. The proximate cause of the disaster was the 2011 Tōhoku earthquake and tsunami, which occurred on the afternoon of 11 March 2011 and remains the most powerful earthquake ever recorded in Japan. The earthquake triggered a powerful tsunami, with 13–14-meter-high waves damaging the nuclear power plant's emergency diesel generators, leading to a loss of electric power. The result was the most severe nuclear accident since the Chernobyl disaster in 1986, classified as level seven on the International Nuclear Event Scale (INES) after initially being classified as level five, and thus joining Chernobyl as the only other accident to receive such classification. While the 1957 explosion at the Mayak facility was the second worst by radioactivity released, the INES ranks incidents by impact on population, so Chernobyl (335,000 people evacuated) and Fukushima (154,000 evacuate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belene Nuclear Power Plant
The Belene Nuclear Power Plant ( bg, Атомна електроцентрала „Белене“) is a planned nuclear power plant 3 km from Belene and 11 km from Svishtov in Pleven Province, northern Bulgaria, near the Danube River. It was intended to substitute four VVER-440 V230 reactors of the Kozloduy Nuclear Power Plant that were decommissioned as a prerequisite for Bulgaria to join the European Union. On June 11, 2010, the Bulgarian government announced that it would freeze indefinitely the planned construction of the Belene nuclear power plant because it was uncertain when the investment would be returned. Five months later, on December 2, a non-binding memorandum of understanding was signed between NEK EAD, Rosatom, Altran and Fortum, setting up a 6.3 bln. euro price on the power station, after months of unsuccessful talks on the cost and redeemability of the project itself. Further disagreement and the persistent demands of the Bulgarian government to lower t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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