Economics of nuclear electricity

On the sites of Tihange and Doel in Belgium, a total of seven nuclear generating units with nn aggregate installed power of 5807 MWe are operated. Construction of another unit at Doel was postponed indefinitely in 1988 after the Chernobyl accident. Electrabel holds a 25% interest in the Chooz B-1 and B-2 nuclear generating units under construction in France near the Belgian border. In terms of gross installed nuclear generating capacity worldwide, Belgium holds twelfth place; when ranked according to the contribution to public electricity supply, the country holds third place with a 57% share. Before decisions are taken about future nuclear power plants, above all the fuel costs of gas-Sired cogeneration plants and the capital costs of nuclear power plants must be weighed. Current evaluation of all costs shows the use of nuclear power for electricity generation to be ten percent more expensive than that of natural gas. However, those responsible in the power supply industry feel that this short-term competitive situation is only one factor out of many others, such ns safety issues, diversification in sourcing and deliveries, climatic influences, and employment. The development and construction of advanced reactors will result in the desired cost reduction and lead to a new era of nuclear power, also in Europe.