Latest Trends in the Economics of Nuclear Power

  • James A. Lane


Although the prospects for nuclear power are almost always assessed on the basis of cost comparisons, the economics of nuclear power is a very inexact science because of ever changing costs and the unpredictability of future events. An examination of past trends reveals that nuclear and conventional plant power cost projections have rarely been correct relative to actual costs. Nevertheless, it is of interest to review these trends with the hope that some insight might be gained to improve the accuracy of future cost estimates. These two lectures have this goal as their main objective.


Capital Cost Fuel Cycle Fuel Cost Nuclear Plant Power Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    W.H.Zinn, “Basic Problems in Central Station Nuclear Power”, 9, Nucleonics 10 No. September 1952.Google Scholar
  2. 2.
    J.A.Lane, “Growth Potential of U.S. Nuclear Power Industry”, Nucleonics 12 No.6, June 1954.Google Scholar
  3. 3.
    Power Costs: Nuclear vs. Coal“, Nucleonics 12 No. 8, August 1954.Google Scholar
  4. 4.
    K.M.Mayer, Presented at the National Industrial Conference Board Meeting, October 1954.Google Scholar
  5. 5.
    J.A.Lane, “The Economics of Nuclear Power” Proceedings of the First International Conference on Peaceful Uses of Atomic Energy, Geneva, Switzerland. Vol. 1, August 1955.Google Scholar
  6. 6.
    K.Cohen, “Charting a Course for Nuclear Power Development”, Nucleonics 16 No. 1, 1958.Google Scholar
  7. 7.
    J.A.Lane, “The Economics of Nuclear Power”, Annual Review of Nuclear Science 16, 345, 1966.CrossRefGoogle Scholar
  8. 8.
    R.Krymm, “Future Fossil Fuel Prices”, IAEA Market Survey, General Report, Appendix I, September 1973.Google Scholar
  9. 9.
    J.H.Crowley, “Information Presented at the Hearings before the New York Public Service Commission”, December 1976.Google Scholar
  10. 10.
    Nuexco (Nuclear Exchange Corporation), Monthly Report to the Nuclear Industry, March 31, 1978.Google Scholar
  11. 11.
    IAEA Staff Estimate, January 1978.Google Scholar
  12. 12.
    Economic Evaluation of Bids for Nuclear Power Plants“, Technical Reports Series No. 175, Appendix C, IAEA, Vienna, October 1976.Google Scholar
  13. 13.
    L.F.C.Reichle, “MSR (Pu Converters) and MSBR’s in Commercial Nuclear Power Stations”, Proceedings of the Salzburg Conference - Nuclear Power and its Fuel Cycle, Vol. 1, 531, September 1977.Google Scholar
  14. 14.
    United Engineers and Constructors Inc., “Capital Cost: Pressurized Water Reactor”, NUREG 0241, “Boiling Water Reactor”, NUREG 0242, “High and Low Sulfur Coal Plants -1200 MWe”, NUREG 0243, “Low and High Sulfur Coal Plants -800 MWe”, NUREG 0244, June 1977.Google Scholar
  15. 15.
    J.H.Crowley, Information Presented at the IAEA Consultants Meeting on “Extrapolation of Capital Cost Experience to Developing Countries”, Vienna, June 1977.Google Scholar
  16. 16.
    G.Woite, “Capital Investment Costs of Nuclear Power Plants”, IAEA Bulletin 20 No. 1, February 1978.Google Scholar
  17. 17.
    ORCOST II - A Computer Code for Estimating the Cost of Power from Steam Electrical Plants“, ERDA 76–38, 1976.Google Scholar
  18. 18.
    Market Survey for Nuclear Power in Developing Countries“, General Report, IAEA, Vienna, September 1973.Google Scholar
  19. 19.
    Canatom Ltd., “CANDU 600 MWe Pressurized Heavy Water Reactor Plant - Summary, Investment Cost Study and Plant Description”, December 1976.Google Scholar
  20. 20.
    A.J.Covarrubias and J.A.Lane, “Assessment of Power Program Alternatives using the WASP Package”, IAEA Training Course, Argonne, Ill., October 1977.Google Scholar
  21. 21.
    Small and Medium Size Power Reactors“, Proceedings of a Panel, IAEA, Vienna, 24–28 June 1968.Google Scholar
  22. 22.
    Small and Medium Power Reactors“, Proceedings of a Symposium, Oslo, 12–16 October, 1970, IAEA, February 1971.Google Scholar
  23. 23.
    Market Survey for Nuclear Power in Developing Countries“, 1974 Edition, October 1974.Google Scholar
  24. 24.
    J.A.Lane, “The Impact of Oil Price Increase in the Market for Nuclear Power in Developing Countries”, IAEA Bulletin 16 No. 1 /2, 1974.Google Scholar
  25. 25.
    J.A.Lane, “Nuclear Power for the Developing World”, Presented at the IAEA General Conference - Scientific Afternoon, September 1975.Google Scholar
  26. 26.
    R.Krymm, J.A.Lane and I.S.Zheludev, “Future Trends in Nuclear Power”, IAEA Bulletin, Twentieth Anniversary Issue, Vol. 19, No. 4, August 1977.Google Scholar
  27. 27.
    J.A.Lane et al, “Nuclear Power in Developing Countries”, Proceedings of Salzburg Conference - Nuclear Power and its Fuel Cycle, Vol. 1, 233, Sep. 1977.Google Scholar
  28. 28.
    Nuclear Energy Policy Study Group, “Nuclear Power-Issues and Choices”, Ballinger Publishing Company Cambridge, Mass. 1976.Google Scholar
  29. 29.
    OECD/IAEA, “Uranium - Resources, Production and Demand”, OECD Publication, December 1977.Google Scholar
  30. 30.
    N..Raisid,“Desalination of Sea Water Using Nuclear Heat”, IAEA Bulletin 19, No. 1, February 1977.Google Scholar
  31. 31.
    O.H.Klepper, “Small Nuclear Reactors for Industrial Energy”, Presented at the Industrial Power Conference, Memphis, 1976.Google Scholar

Copyright information

© Plenum Press, New York 1979

Authors and Affiliations

  • James A. Lane
    • 1
  1. 1.International Atomic Energy AgencyAustria

Personalised recommendations