Lower lifecycle costs for nuclear power than fossil fuel and lower radiation under normal operation

When costs are levelized across the lifecycle, nuclear is one of the most cost-effective methods of power generation. Indeed, OECD research shows that nuclear is the lowest levelized cost option for power generation for all OECD countries under certain capital cost projections. Regional differences in the cost of capital for nuclear projects mean that while cost can be a challenge for greenfield nuclear projects in Europe and North America, it is seen as less of an issue in Asia, where economies of scale, lower labour costs and more recent experience in building reactors all have an impact. In economies where financing traditional greenfield projects is seen as challenging, SMRs are often cited as the future because their size and the fact that they are ready to install keep investment costs low.

Public exposure to radiation resulting from the generation of electricity by nuclear power plants is just a fraction of that from coal-powered plants, according to a report from the United Nations Scientific Committee on the Effects of Atomic Radiation (UNSCEAR).


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