@VortecJeep may be able to shed some light on the future of nuclear power generation.
I generally keep out of the theory of global warming but it amazes me how people can keep on without repercussions. The byproducts of burning fossil fuels, though mostly invisible, are there and harmful. I’m really glad I was born in the time I was. I do think we as humans are doing a great deal of harm to our planet, but realize I may be in the minority here. I don’t advocate for theories but pollution by itself is a real thing.
Summary:
It is expensive to build a nuclear plant, but the cost per megawatt to run is cheaper than most other sources. Nuclear has zero carbon emissions. It’s not a level playing field because other power sources, like solar, get ridiculous amounts of tax incentives that nuclear does not.
Details:
The cost per megawatt to run existing nuclear plants is has typically been relatively cheap compared to other sources. However in the past several years, the price of natural gas has drastically dropped and made it cheaper than nuclear. But, nuclear has zero carbon emissions, whereas even though natural gas is pretty clean, it still puts out carbon. Once the environmentalists get coal plants wiped out, they’ll go after natural gas plants next.
One reason we aren’t building new nuclear plants in the US (with 1 or 2 exceptions) is the cost to build it. Thankfully here in the Carolinas, we see what an asset existing nuclear power is and are actively working on extending the operating licenses for our nuclear plants. When the NRC granted operating licenses, they were only good for 40 years. We are getting a 20 year extension with plans of doing studies to get a second 20 year operating extension. Some plants up north aren’t so lucky and are being shut down. That is because we are in a regulated market here, whereas up there they are not. So it is difficult for the companies that own the plants up there to recover money they spend to maintain them.
Another thing hurting nuclear in the Carolinas is that the playing field is not even. NC is the 2nd leading producer of solar energy in the country. Is it because we have the 2nd best sunshine in the country? Hell no, it is because the state of NC gives the best tax incentives for solar in the country. You can build a billion dollar solar farm, and after you get your tax incentives, you only had to pay $250 million for it. Plus, the way the state law works, if you are producing that electricity, Duke Energy is required to buy it from you! Even if Duke Energy doesn’t need it! So what does that mean? That means that Duke could have to shut down its own power plant(s) because it is required by law to buy your power and distribute it. Even if your power costs more than Duke’s.