Ah, perhaps my source was off. Thanks for the additional data.
But looking at it another way, nuclear is less than twice coal. Estimating the cost of that georgia plant would put it at $16-17B, so those overruns would be atypical.
But my main point on cost is that government investment has been lacking in nuclear compared to renewables: forbes.com/…/why-is-solar-energy-getting-250-time…
Without investment, it’s going to stay just as expensive. And the main regulating body not having a mandate to develop the technology has just been holding us back.
wikibot@lemmy.world [bot] 10 months ago
Here’s the summary for the wikipedia article you mentioned in your comment:
Different methods of electricity generation can incur a variety of different costs, which can be divided into three general categories: 1) wholesale costs, or all costs paid by utilities associated with acquiring and distributing electricity to consumers, 2) retail costs paid by consumers, and 3) external costs, or externalities, imposed on society. Wholesale costs include initial capital, operations & maintenance (O&M), transmission, and costs of decommissioning. Depending on the local regulatory environment, some or all wholesale costs may be passed through to consumers. These are costs per unit of energy, typically represented as dollars/megawatt hour (wholesale). The calculations also assist governments in making decisions regarding energy policy. On average the levelized cost of electricity from utility scale solar power and onshore wind power is less than from coal and gas-fired power stations,: TS-25 but this varies a lot depending on location.: 6–65
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