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Refurbishment and long-term operation (LTO) of existing nuclear power plants (NPPs) today are crucial to the competitiveness of the nuclear industry in OECD countries as existing nuclear power plants produce baseload power at a reliable cost. A number of nuclear power plants, most notably 73 units in the United States (up to 2012), have been granted lifetime extensions of up to 60 years, a development that is being keenly watched in other OECD countries. In many of these (e.g. France, Switzerland), there is no legal end to the operating licence, but continued operation is based on the outcomes of periodic safety reviews. This study analyses technical and economic data on the upgrade and lifetime extension experience in OECD countries. A multi-criteria assessment methodology is used considering various factors and parameters reflecting current and future financial conditions of operation, political and regulatory risks, the state of the plants' equipment and the general role of nuclear power in the country's energy policy. The report shows that long-term operation of nuclear power plants has significant economic advantages for most utilities envisaging LTO programmes. In most cases, the continued operation of NPPs for at least ten more years is profitable even taking into account the additional costs of post-Fukushima modifications, and remains cost-effective compared to alternative replacement sources.
This publication describes the various approaches to the techno-economic assessment of a project for the long term operation of a nuclear power plant in its specific market environment. It examines the process of defining the technical scope required to prolong the operating licences of nuclear power plants and highlights the need for further studies on technical cost drivers and economic assessments in order to better define the cost boundaries of long term operation. Information is also provided on the new IAEA software LTOFIN, which was developed to assist in performing long term operation economic assessments within the process described in the publication.
"This publication describes the various approaches to the techno-economic assessment of a project for the long term operation of a nuclear power plant in its specific market environment. It examines the process of defining the technical scope required to prolong the operating licences of nuclear power plants and highlights the need for further studies on technical cost drivers and economic assessments in order to better define the cost boundaries of long term operation. Information is also provided on the new IAEA software LTOFIN, which was developed to assist in performing long term operation economic assessments within the process described in the publication."--Publisher's description.
On cover and title page: Nuclear development
The existing nuclear fleet remains the largest low-carbon source of electricity generation in OECD countries. In 2021 the average nuclear power plant had already been operating for 31 years and some 30% of reactors worldwide were already operating under long-term operation conditions. The long-term operation of this existing nuclear capacity will be essential over the next decade to keep decarbonisation targets within reach. At the same time, by keeping the long-term-operation option open, countries could also reap a wide-range of socio-economic benefits including more affordable and secure electricity supply. Nevertheless, an increasing number of reactors are being shut down earlier than expected due to policy decisions and increasing market pressures in some regions. In light of these trends, this study takes a holistic approach to identifying the key enablers for long-term operation of nuclear power plants. The attractiveness of long-term operation lies in its technical maturity, cost-competiveness and ease of implementation: it is a high-value option to support the energy transition while minimising potential risks along the way.
Plant life management (PLiM) is a methodology focussed on the safety-first management of nuclear power plants over their entire lifetime. It incorporates and builds upon the usual periodic safety reviews and licence renewals as part of an overall framework designed to assist plant operators and regulators in assessing the operating conditions of a nuclear power plant, and establishing the technical and economic requirements for safe, long-term operation. Understanding and mitigating ageing in nuclear power plants critically reviews the fundamental ageing-degradation mechanisms of materials used in nuclear power plant structures, systems and components (SSC), along with their relevant analysis and mitigation paths, as well as reactor-type specific PLiM practices. Obsolescence and other less obvious ageing-related aspects in nuclear power plant operation are also examined in depth. Part one introduces the reader to the role of nuclear power in the global energy mix, and the importance and relevance of plant life management for the safety regulation and economics of nuclear power plants. Key ageing degradation mechanisms and their effects in nuclear power plant systems, structures and components are reviewed in part two, along with routes taken to characterise and analyse the ageing of materials and to mitigate or eliminate ageing degradation effects. Part three reviews analysis, monitoring and modelling techniques applicable to the study of nuclear power plant materials, as well as the application of advanced systems, structures and components in nuclear power plants. Finally, Part IV reviews the particular ageing degradation issues, plant designs, and application of plant life management (PLiM) practices in a range of commercial nuclear reactor types. With its distinguished international team of contributors, Understanding and mitigating ageing in nuclear power plants is a standard reference for all nuclear plant designers, operators, and nuclear safety and materials professionals and researchers. Introduces the reader to the role of nuclear power in the global energy mix Reviews the fundamental ageing-degradation mechanisms of materials used in nuclear power plant structures, systems and components (SSC) Examines topics including elimination of ageing effects, plant design, and the application of plant life management (PLiM) practices in a range of commercial nuclear reactor types
On cover and title page: Nuclear development
When we first contemplated a book on this subject we were faced with a number of options: (a) to write it all ourselves, which would have had the merit of internal consistency and continuity of style; (b) to produce a collection of existing papers. which would have given us expert views in the various sub-fields of the economics of nuclear energy and would have put us in the position of knowing from the start exactly what the authors' contribu tions would be: (c) to commission contributions from individual specialists, chapter by chapter; or (d) some combination of these options. We settled for the last - we have written some of the material ourselves, have obtained permission to use some existing papers that seem to us to be valuable contributions to the subject, and have been fortunate in persuading a number of eminent people in their fields to produce papers especially for the book. This has given us a great deal of work and taken up more time than we planned for but we believe the result justifies this time and effort. It enabled us to design a structure for the book from the outset, recognizing that there are several aspects to the economics of nuclear energy - especially if we take a broad view of what is embraced by the word 'economics'.
This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased. Contents History and Current Status of the World Nuclear Industry The Dramatic Decrease of the Economics of Nuclear Power Nuclear Policy in the EU The Legacy of Csernobyl and Fukushima Nuclear Waste and Decommissioning of Nuclear Power Plants Alternatives: Heading Towards Sustainable Electricity Systems Target Groups Researchers and students in the fields of political, economic and technical sciences Energy (policy) experts, nuclear energy experts and practitioners, economists, engineers, consultants, civil society organizations The Editors Prof. Dr. Reinhard Haas is University Professor of energy economics at the Institute of Energy Systems and Electric Drives at Technische Universität Wien, Austria. PD Dr. Lutz Mez is Associate Professor at the Department for Political and Social Sciences of Freie Universität Berlin, Germany. PD Dr. Amela Ajanovic is a senior researcher and lecturer at the Institute of Energy Systems and Electrical Drives at Technische Universität Wien, Austria.--
When nuclear power plants reach the end of their nominal design life, they undergo a special safety review and an ageing assessment of their essential structures, systems and components for the purpose of validating or renewing their licence to operate for terms beyond the service period originally intended. Three different plant life management models have been used to qualify these nuclear power plants to operate beyond their original design life. This publication presents a collection of sample licensing practices for long term operation among IAEA Member States. The various plant life management models used to obtain long term operation authorizations are described and comparisons drawn against the standard periodic safety review model. Lessons learned and warnings about possible complications and pitfalls are also described to minimize the licensing risk during operation and future long term operation applications. The main intention of this publication is to support nuclear power plant owners and operators planning an extension of plant operation beyond its original design life, but it also serves as a useful guide for those interested in procuring, from the beginning, the necessary tools to implement ageing management in their future plant with long term operation in mind.