this post was submitted on 01 Aug 2023
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That video completely ignores decommissioning costs for nuclear power plants and long-term nuclear waste storage costs in its calculation. Only in the levelized cost of electricity comparison does it show that nuclear is by far the most expensive way of generating electricity, and that it simply can't compete with renewables on cost.
People love to look at nuclear power plants that are up and running and calculate electricity generation costs based just on operating costs - while ignoring construction costs, decommissioning costs, and waste disposal costs.
The cost of storing nuclear waste for a running plant is only a few hundred thousand a year; basically just just salary for a few people to transport it to a big hole in the ground.
Decommissioning costs a few hundred million, which sounds like a lot, but for a project that lasts for decades it's basically nothing.
Estimated total cost of decommissioning in the UK is £120bn. But it's going to take 100 years to do it.. so yay lots of rotting radioactive buildings for the next century.
The nuclear waste storage facility cost 53bn to build, let alone run.. so way off your 'few hundred thousand a year'.
That's for way more than just one plant, and there's a lot more going on that resulted in such a high price tag. That isn't normal.
It's a reinforced hole in the ground, designed to last a long, long time after humans forget it exists. Of course it cost money to build, but now it's just there. It doesn't cost anything for it to continue to exist. Maybe there's a little security or staff for some purpose, but I don't know what they would even do.
No, that's pretty normal. Current experience with decommissioning German nuclear power plants show that the cost is about $1.2 billion per power plant, and that decommissioning takes about 20 years.
That doesn't mean you simply get to ignore the $53 billion it cost to dig that hole.