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A stormy future? Financial impact of climate change-related disruptions on nuclear power plant owners

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  • Ahmad, Ali
  • Covatariu, Andrei
  • Ramana, M.V.

Abstract

In recent years, extreme weather events potentially caused by climate change have led to several nuclear power plants being shut down for varying periods, and such unplanned outages will become more frequent in the future. Nuclear plants are already finding it difficult to compete in electricity markets due to the availability of cheaper alternatives. We quantitatively assess the additional impact of such extreme weather events on the finances of plant owners using Western Europe as a case study and draw some policy implications for existing owners and those considering new nuclear plants.

Suggested Citation

  • Ahmad, Ali & Covatariu, Andrei & Ramana, M.V., 2023. "A stormy future? Financial impact of climate change-related disruptions on nuclear power plant owners," Utilities Policy, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:juipol:v:81:y:2023:i:c:s0957178722001485
    DOI: 10.1016/j.jup.2022.101484
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    References listed on IDEAS

    as
    1. Ali Ahmad, 2021. "Increase in frequency of nuclear power outages due to changing climate," Nature Energy, Nature, vol. 6(7), pages 755-762, July.
    2. Quirin Schiermeier, 2019. "Climate change made Europe’s mega-heatwave five times more likely," Nature, Nature, vol. 571(7764), pages 155-155, July.
    3. Seleshi G. Yalew & Michelle T. H. van Vliet & David E. H. J. Gernaat & Fulco Ludwig & Ariel Miara & Chan Park & Edward Byers & Enrica De Cian & Franziska Piontek & Gokul Iyer & Ioanna Mouratiadou & Ja, 2020. "Impacts of climate change on energy systems in global and regional scenarios," Nature Energy, Nature, vol. 5(10), pages 794-802, October.
    4. Mei, H. & Li, Y.P. & Suo, C. & Ma, Y. & Lv, J., 2020. "Analyzing the impact of climate change on energy-economy-carbon nexus system in China," Applied Energy, Elsevier, vol. 262(C).
    5. A. T. D. Perera & Vahid M. Nik & Deliang Chen & Jean-Louis Scartezzini & Tianzhen Hong, 2020. "Quantifying the impacts of climate change and extreme climate events on energy systems," Nature Energy, Nature, vol. 5(2), pages 150-159, February.
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    Cited by:

    1. Xin Wang & Gang Zhao & Xinhe Qu & Xiaoyong Yang & Jie Wang & Peng Wang, 2023. "Influence of Cooling Water Parameters on the Thermal Performance of the Secondary Circuit System of a Modular High-Temperature Gas-Cooled Reactor Nuclear Power Plant," Energies, MDPI, vol. 16(18), pages 1-17, September.

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