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Re:$60/MWh for advanced nuclear electricity is achievable: G... by Cthulhu_ on Tuesday April 04, 2023 @05:38AM (#35437154)
You don't build a nuclear power plant for in ten years though, you build and plan it for the next 100. If there's better sources once it's been built, that's fine, they can be operated alongside the nuclear power plant - or the plant can be decomissioned, it wouldn't be the first one that gets decomissioned even before being put into production.
Re:$60/MWh for advanced nuclear electricity is achievable: G... by wongarsu on Tuesday April 04, 2023 @06:59AM (#35437708)
From the point of view of someone providing a stable grid no matter the cost this is correct. But from an investor's point of view this is problematic.

Most of the cost of nuclear power is in building and demolishing the plant, not in operating it. So if you plan a plant now to go operational in 10 years and run for the next 50, you are locked in to producing electricity for (amortized) $60/MWh for the next decades. Or shut it down early and eat a giant loss, if the projections for solar, wind and storage costs become true. That's a hard sell when you also have the option to build a wind farm in 5 years or a solar installation in two, decommission them after 20 years and repeat with whatever is the most cost effective then.

Re:$60/MWh for advanced nuclear electricity is achievable: G... by pyrale on Tuesday April 04, 2023 @11:11AM (#35440944)
> if you plan a plant now to go operational in 10 years and run for the next 50, you are locked in to producing electricity for (amortized) $60/MWh for the next decades. Or shut it down early and eat a giant loss

Time will tell if that hypothesis remains true, but inflation is a thing. What you build now with an amortizing cost over decades may weight much cheaper on your debt than you thought.

In that aspect, if you're a state actor, paying more to get lower maintenance costs is usually a good choice.