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The Cost of Nuclear Power Compared with Alternatives to the Magnox Programme

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  • Green, Richard

Abstract

The British 'Magnox' stations were among the earliest civil nuclear power stations in the world and, with hindsight, the program was too large an investment in an obsolescent technology. This paper estimates the cost incurred by building the Magnox stations rather than the conventional stations that would have been ordered instead using a simulation model of the industry to calculate fuel costs. If a 5 percent discount rate is used, the lifetime cost per unit generated by the Magnox stations is nearly 50 percent greater than if a counterfactual program of coal-fitted stations had been built. Copyright 1995 by Royal Economic Society.

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  • Green, Richard, 1995. "The Cost of Nuclear Power Compared with Alternatives to the Magnox Programme," Oxford Economic Papers, Oxford University Press, vol. 47(3), pages 513-524, July.
    • Handle: RePEc:oup:oxecpp:v:47:y:1995:i:3:p:513-24
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    Cited by:

    1. Tooraj Jamasb & Michael Pollitt, 2005. "Deregulation and R&D in network industries: the case of the electricity industry," Working Papers EPRG 0502, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    2. Jamasb, Tooraj & Nuttall, William J. & Pollitt, Michael, 2008. "The case for a new energy research, development and promotion policy for the UK," Energy Policy, Elsevier, vol. 36(12), pages 4610-4614, December.

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