MacCombie Charles, Jefferson Michael

This paper provides an assessment of the economic challenges faced by both nuclear power and “new” renewable electricity technologies. The assessment reflects the need to incorporate new renewables into power grids and issues faced in dispatching power and their effect on traditional electricity technologies as well as the need for transmission extension and/or grid reinforcement. Nuclear is now shied away from in many industrialized countries and having mixed prospects in developing economies. In many instances, it suffers from high initial costs, long lead times and often excessive construction delays. Nuclear power also faces challenging risks – investment as well as regulatory. In contrast to renewables, its share of global energy consumption is declining.