The levelized cost of a gas-fired CCGT is $0.067/kWh. That does not include transmission costs which average ~0.02/kWh. That means the lowest cost a new CCGT plant can deliver power to your home is ~$0.087/kWh. Compare that to the 10kW solar array my friend just installed. Upfront cost was ~$18k. It went on-line for the first time last week and produced 74kWh on day 1. Over the next 20 years its expected production is 400000kWh. It will very likely continue to produce >80% of it's capacity for 40 more years. Even assuming it fails at 20 years and 1 day the cost per kWh will be $18k/400MWh = $0.045/kWh. That's not including the 30% FTC which lowers the cost to ~$13k or $0.032/kWh. AND the balance of system cost for solar PV is expected to fall another ~50% by 2020... AND the cost of storage will likely fall to ~$0.02/kWh thanks in no small part to Tesla.
Maybe Nuclear will learn a few tricks that allows new plants to sell power for <$0.02/kWh so they can compete with solar and still make a profit... I'm not holding my breath.
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Cost of this 10kW array was $18k ($13k after 30% FTC)
It will produce >400000kWh over 20 years
$18k / 400000kWh = $0.045/kWh
http://www.eia.gov/forecasts/aeo/pdf/electricity_generation.pdf
http://www.us.schott.com/photovolta...ute-long-term-study-schott-solar-26-years.pdf
Centralized power generation is living on borrowed time...
Yeah, once again we're comparing oranges to bananas.
That Solar PV needs a load following component on the grid or expensive batteries on your site.
You must account for the whole cost. Or make the fair comparison, install enough solar PV so you can live from solar alone year round, over producing in the summer, and storing in the day your excess power for the night. Then your $18k array becomes about a $50k energy storage system, with no additional generation capacity.
The more Solar PV there is on the grid, the more expensive the load following is per GWh produced (cause it's operating at a lower average load factor).
Plus you should compare solar without the huge incentives.
Nuclear upfront costs are high, but we're seeing old reactors certified to operate for 60 yrs with the NRC hinting they could extend some to 80yrs.
Those are the oldest reactors in operation. The least safe ones. The ones that really weren't designed to operate for 80yrs ultimately.
If you change your math accounting for newly installed reactors living for 80 yrs, then even current, expensive light water reactor nuclear fission will beat everything else out of the water.
The reality is if the government traded every nuclear subsidy out there for a 40 year loan at 3% yearly interest, nuclear will beat everything out of the water.
Every solar PV panel that gets installed makes it harder to get rid of fossil fuels, cause nuclear technical requires operating at a minimum 30% capacity and is uneconomical to operate at less than 70% load capacity because it's expensive to install and cheap to operate once installed.
BTW, I'm not defending allowing Gen II (exactly the only reactors that are old enough to get to the 40 yr old mark) to 60 or 80 yrs.
Most Gen II reactors should be replaced. But the NRC regulatory framework makes it far cheaper to extend reactor life than install a new one. Plus extending an existing reactor life doesn't attract quite as much strong opposition as installing a new one.
But I'm quite sure 90% of reactors that are Gen III tech will service for 80 yrs easily. 40 yrs is just a regulatory barrier that requires the operator to show he's operated that particular reactor wisely and made no serious safety mistakes.
The problem with your mindset is you don't see the real math, because it's hidden behind gigantic subsidies.
We should get rid of each and every subsidy, tax break, everything, and add a carbon tax on fossil fuels.
If we do that, out of a sudden, nuclear is wildly competitive, blowing solar and wind out of the water.
And there are many proposed solutions that would just about half the upfront costs of Light Water Solid fuel Uranium nukes.
The problem is the tiny minority of fierce anti nuclear polluting the majority with your incomplete math makes nuclear look but, but it isn't.