The Economic Future of Nuclear Power in Competitive Markets

Rogner, Hans‐Holger; Langlois, Lucille

doi:10.15173/esr.v10i1.424

Cited by 4 publications

(3 citation statements)

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“…While the cost of electricity uncertainty factors related to security aspects, licensing, escalation of decommissioning costs, radioactive wastes disposal, might contribute to increase the financial risk perceived from private investors and, consequently, the level of expected return. Rogner and Langlois [6] highlight that the future of nuclear power depends on the competitiveness strategies that industries, supported by technological innovation, will adopt to guarantee the economic and financial sustainability and reduce the safety risks. Such targets require strong political support to the nuclear industry.…”

Section: Economic and Financial Risks Of Nuclear Powermentioning

confidence: 99%

From market uncertainty to policy uncertainty for investment in power generation: real options for NPP on electricity market

Tomšić¹

2022

joe

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In the electricity sector, market participants must make decisions about capacity choice in a situation of radical uncertainty about future market conditions. Sector is characterized by non-storability and periodic and stochastic demand fluctuations. Capacity determination is a decision for the long term, whereas production is adjusted in the short run. Paper looks on the main contributions in investment planning under uncertainty, in particular in the electricity market for capital intensive investments like NPP. The relationship between market and nonmarket factors (recent UK policy example) in determining investment signals in competitive electricity markets was analysed. Paper analyse the ability of competitive electricity markets to deliver the desired quantity and type of generation capacity and also investigates the variety of market imperfections operating in electricity generation and their impact on long-term dynamics for generation capacity. Paper analyses how price formation influences investment signals. Number of factors (including market power, wholesale price volatility, lack of liquidity in the wholesale and financial market, policy and regulatory risks etc.) contribute to polluting the price signal and generating sub-optimal behaviour.

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Section: Economic and Financial Risks Of Nuclear Powermentioning

confidence: 99%

From market uncertainty to policy uncertainty for investment in power generation: real options for NPP on electricity market

Tomšić¹

2022

joe

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“…Capacity uprating is a growing phenomenon for nuclear plants in particular, given their low marginal operating costs. In Sweden, for example, the nuclear industry had only until 2000 added about 600 MW of capacity by improving its existing plants (Rogner and Langlois, 2000). 32 Moreover, an investigation by EME Analysis shows that over the period 2008-2014 a total of 19 TWh of power capacity additions are planned in Sweden, and out of these 40% represent new nuclear capacity in existing plants (Swedish Energy Markets Inspectorate, 2007).…”

Section: The Politics and Economics Of The ''Prohibition'' To Licensementioning

confidence: 99%

Licensing of nuclear power plants: The case of Sweden in an international comparison

Michanek

Söderholm

2009

Energy Policy

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“…The question is to assess the potential penetration of this technology on the European market within this timescale: despite its attractiveness, the context may be unfavorable because of the uncertainties that liberalization brings to the electricity market regarding prices and pricing, sector organization, corporate structures, etc. (Rogner and Langlois 2001). The changes in the generation mix and the potential integration of FRs into this mix from 2040 also depends on many other factors such as climate and energy policies.…”

Section: Introductionmentioning

confidence: 99%

Three Investment Scenarios for Future Nuclear Reactors in Europe

Tehrani

Costa

Attias

2017

ESR

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While nuclear power may experience a technological breakthrough in Europe with Generation IV nuclear reactors within a few decades (2040), several events and drivers could question this possibility, e.g. the Fukushima accident, climate issues and liberalization of the electricity market.This article analyzes how the conditions necessary for their industrial development from now up to 2040 can be either favorable or detrimental to future nuclear reactors compared with other technologies and according to four main investment drivers: 1) technical change, 2) policy, 3) market, and 4) power company drivers.Twenty-four scenarios have been identified through structural analysis, with only three proving to be favorable to the development of future nuclear reactors.

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The Economic Future of Nuclear Power in Competitive Markets

Cited by 4 publications

References 0 publications

From market uncertainty to policy uncertainty for investment in power generation: real options for NPP on electricity market

From market uncertainty to policy uncertainty for investment in power generation: real options for NPP on electricity market

Licensing of nuclear power plants: The case of Sweden in an international comparison

Three Investment Scenarios for Future Nuclear Reactors in Europe

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