Just for a minute, I’m going to ignore all the possible environmentalist arguments against Nuclear Power and just concentrate on the economic aspect of power generation. According to the Uranium Information Centre Ltd of Melbourne Australia,
The total fuel costs of a nuclear power plant in the OECD are typically about a third of those for a coal-fired plant and between a quarter and a fifth of those for a gas combined-cycle plant.
The questions remain: would nuclear power plants still require subsidization at the start-up? And how would we treat the aging gas and coal plants put out of business by nuclear power – would we subsidize them, buy them out, fix prices?
