Benchmarking of nuclear economics tools

Moore, Megan; Korinny, Andriy; Shropshire, David; Sadhankar, Ramesh

doi:10.1016/j.anucene.2017.01.020

Cited by 8 publications

(7 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…There are a lot of nuclear economic tools and methodologies capable of estimating the costs of nuclear electricity for various reactor types and fuel cycles (Shropshire et al 2009, Choi et al 2014, Moore et al 2017. However, the most common and versatile method is the standardized OECD levelized lifetime methodology (OECD NEA 1994).…”

Section: Methodsmentioning

confidence: 99%

Modelling of the reactor cycle cost for thorium-fuelled PWR and environmental aspects of a nuclear fuel cycle

Oettingen

2019

geol

View full text Add to dashboard Cite

The paper presents the methodology applied to the cost modelling of the uranium-thorium nuclear reactor cycle for PWR reactors as well as brief introduction to the environmental impact of the nuclear fuel cycle. The reactor core contains seed uranium fuel and blanket thorium fuel. In such a cycle, energy is produced in the fission of 235 U included in the fresh fuel and in the fission of 233 U bread from the fertile 232 Th. A modified methodology developed by the OECD Nuclear Energy Agency was used for the reactor cycle cost modelling. The method is based on the levelized lifetime cost methodology for a reactor cycle, which is directly related to the heavy metal mass balance. Contrary to the case of uranium-fuelled nuclear reactors, the cost modelling includes the additional cash flow for thorium fuel. The abundance of thorium in the Earth's crust is about 3-5 times larger than that of uranium, which suggests its promising potential as a nuclear fuel. However, this needs to be proved economically.

show abstract

Section: Methodsmentioning

confidence: 99%

Modelling of the reactor cycle cost for thorium-fuelled PWR and environmental aspects of a nuclear fuel cycle

Oettingen

2019

geol

View full text Add to dashboard Cite

show abstract

“…The calculated decommissioning cost is 0.17-0.2 cents USD/kWh. While the decommissioning cost of NPP in the USA is between 0.1 and 0.2 cents USD/kWh, while the average decommissioning cost in Europe is 0.4 cents Euro/kWh (Moore et al, 2017).…”

Section: Decommissioning Costmentioning

confidence: 99%

Selection of Large-Scale Nuclear Power Plant Based on Economic and Reliability Aspects in Indonesian Power System

Budi¹,

Birmano²,

Amitayani³

2021

IJEEP

View full text Add to dashboard Cite

“…Traditional methods for investment appraisal are based on the DCF, where cash flows are discounted to the current value, and the Net Present Value (NPV) is the sum of DCF over the investment life cycle [8]. The DCF analysis is mathematically easy to implement but has flaws presented in [9] and discussed here in section 2.1.…”

Section: The Real Options (Ro)mentioning

confidence: 99%

A simple-to-implement real options method for the energy sector

Locatelli

Mancini

Lotti

2020

Energy

View full text Add to dashboard Cite

Investment appraisal methods based on real options are gaining popularity in academia, while the adoption by practitioners is still infrequent. Having in mind practitioners, the method is designed to be: conceptually easy to understand, based on realistic hypotheses and data available, able to provide quantitative indications and strategic guidelines. The method is based on a systematic simulation of several scenarios generated according to exercise thresholds of relevant investment parameters. An exercise threshold gives to the investors the exercise right of taking some decision, for instance building a power plant. An exercise threshold is therefore a rule to decide whether to exercise or not a certain option on the basis of the values of one or more state variables. Consequently, the probability distribution of the Net Present Value (or analogous indicator) of the investment is a function of the state variables and the exercise threshold. Systematically changing the exercise thresholds allow to (A) establishing the "real option value" and (B) calculate relevant indications about when and on which type of plant to invest. The method is presented in detail and applied to a case study assessing the investment appraisal of: coal plant, gas plant, large nuclear reactor and small modular reactor.

show abstract

Benchmarking of nuclear economics tools

Cited by 8 publications

References 1 publication

Modelling of the reactor cycle cost for thorium-fuelled PWR and environmental aspects of a nuclear fuel cycle

Modelling of the reactor cycle cost for thorium-fuelled PWR and environmental aspects of a nuclear fuel cycle

Selection of Large-Scale Nuclear Power Plant Based on Economic and Reliability Aspects in Indonesian Power System

A simple-to-implement real options method for the energy sector

Contact Info

Product

Resources

About