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US / Nuclear Generating Costs Have Fallen By 25% Since 2012 Peak, Says NEI

By David Dalton
8 October 2019

Nuclear Generating Costs Have Fallen By 25% Since 2012 Peak, Says NEI
The Perry nuclear station, one of several which is scheduled to be permanently shut down. Photo courtesy Fenoc.
The average total generating cost for nuclear energy in the US in 2018 was $31.88 per megawatt-hour (MWh) – 7.1% lower than in 2017 and nearly 25% below the 2012 peak costs, a report by the Washington-based Nuclear Energy Institute said.

Total generating costs include capital, fuel, and operating costs – all the costs necessary to produce electricity from a nuclear power plant.

The 7.1% reduction in total generating costs year-over-year is due to a 9.3% reduction in fuel, an 8.7% reduction in capital expenditures and a 5.9% reduction in operations costs.

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