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102 comments on New Cabinet Position-"Energy and the Environment"?
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102 comments on New Cabinet Position-"Energy and the Environment"?
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I have just calculated how much it would cost to produce 24 hour a day electricity in Texas using renewables.
I recently attempted to calculate how much 24 hour a day, 365 days a year renewable electricity would cost in texas. Dr. Ben Sovacool, a renewables advocate, recently offered the figure of $1700 per nameplate KW of wind generated electricity in discussions with me. That figure is probably low. I have reason to believe that the cost of a fully installed windmill in November 2008 is perhaps closer to $2500 per name plate KW, but the lower figure will serve to illustrate my point. If we assume that our project to replace Texas fossil fuel generating plants with renewables by 2030, as the Gore and Google plan would require, how much is it going to cost in Texas? Lets assume that we decide to go with a all renewables system, with wind base power. Assume that the same rate of inflation for electrical generating facilities that we have seen during the last 5 years. That would bring our wind facilities capital costs to $3400 per nameplate KW by the middle of the next decade, and lets assume the system is built then. A stanford study found that only 21% of wind nameplate capacity can be counted as base load electricity. In order to figure the cost of building base load electricity we have to divide the cost of a KW of of wind generating capacity by 21%. That gives a figure of something over $16,000 per KW. But hay, that is not the end of our cost, since the Electrical Reliability Council of Texas says that wind generated electricity cannot be relied on during summer days. So we are going to have to build some solar facilities in West Texas to provide day time solar back up to our wind facilities. Solar thermal facilities are now costing $4000 pre name plate KW in the Southwest. Assuming inflation the same inflation that will impact the cost of wind and nuclear facilities that cost will probably go up to $8000 per KW during the next decade. That gives us a cost of $24,000 per KW of semi-reliable wind and solar generated electricity. Semi-reliable because we know that there will be after dark hours of high electrical demand when our wind system will not be able to supply all the electrical Texas Air Conditioners demand on summer nights. So we have a system that is not 24 hours a day reliable. How much will it cost to give us some assurance that we can keep those Texas air conditioners running 24 hours a day? We could use sodium-sulfur batteries @ $350 per KWh capacity. 4 hours of battery back up brings out price to $25,400 for each 24 hour a day KW provided to Texas by a renewable system. Needless to say renewables advocates have not and will not perform this exercise.
In contrast, the $6000 to $8000 per kW for conventional nuclear power plants at during the next decade looks like a positive bargain, and the possibility that advanced technology reactors can be built at a lower price, perhaps a far lower price, should be intriguing to anyone who is interested in low cost electricity.
For the nuclear fission power plants you ignore the effect of inflation on the price, the cost of carbon sequestration/tax/credits related to the concrete, the cost of disposal of radioactive waste (the cost is dumped on the tax payer) and the cost of nuclear accidents. Did you factor in all the NIMBY lawsuits? Let's say a law is passed requiring the corporation to maintain a fund of $500 trillion to compensate anyone who is adversely affected by their toxic power system. How much would it cost then? Also the death penalty should be mandatory for all executives if their toxic power system ever kills someone. With accountability for murderers, how much would it cost? If we put all the toxic radioactive waste into rockets and shot them into Sun rather than bury it placing the cost of contamination on future generations, how much would it cost then?
For the nuclear fission power plants you ignore the effect of inflation on the price, the cost of carbon sequestration/tax/credits related to the concrete, the cost of disposal of radioactive waste (the cost is dumped on the tax payer) and the cost of nuclear accidents.
Quite the contray, I apply the same inflation analysis to the cost of nuclear that I apply to the cost of renewables. The same inflationary factors are at work on all forms of new power construction.
The cost of nuclear waste storage and decommissioning are included from electrical sales. In fact there is a large surplus in the Nuclear Waste Fund at present, and if "spent nuclear fuel" is recycled in the nuclear process, the nuclear wast fund can be rebated to the utilities. With an efficient fuel cycle spent reactor fuel is no more radioactive than natural uranium 300 years after it leaves the reactor. Many valuable and rare minerals are found in spent nuclear fuel, and they can fe profitably recycled in industry. Long time radioactiv isotopes are useful in medicine, industry, agriculture, food preservation and sanitation.
Your fantasies about the lethal danger of nuclear power are just that, fantasies. New reactor designs are incredibly safe. The likelihood of a major natural disaster costing millions of human lives is far higher, than an accidental fission product release from a reactor that would cost one human life.
The reason that there is a surplus in the US nuclear fund is that no disposal has yet been undertaken.
I'm assuming that you are stateside and that Yucca Mtn, Nevada will be your friendly local nuclear repository. OK, I wouldn't expect anyone to break into Area 51 to check that its being laid out yet, but as far as I know its not been constructed yet.
According to your own Department of Energy figures this facility will take $42m per year just to deal with corrosion of its own workings. OK, that ain't a hill of beans in Texas, but start to ramp it up with a real world discount rate over the 300 year period that you quote for reactor waste to get down to 0.7% U-235 activity (equivalent to naturally occuring uranium) and it doesn't look so rosy. I doubt that you'd want your kids to sit on a couch made of 0.7% U-235 by the way. Start to add some nice warm waste with added meaty chunks of plutonium from those reactors that aren't efficient (i.e. those working now) to deal with and the figure is anybody's guess.
The UK experience with reprocessing using the ThORP plant does nothing to encourage the view that cheap and efficient reprocessing is anywhere near economically viable. If you take a look around the world at nuclear disposal options you will see that the storage/geological disposal option is preferred by those with access to the detailed costings. Even the super-efficient Japanese are going down this route.
FYI, the UK Nuclear Decommissioning Agency has just started recruiting for geological disposal techs after the experience with ThORP. Send any signals ?
Danger, schmanger ! Nuclear power is bankrupt before it even starts. A wind turbine can fall down and be replaced, a hydro dam can break drown a town and be replaced, a gas turbine can blow up and be replaced, a solar panel can revert to being simply a panel, but radioactive waste is an expensive friend for its lifetime, no replacements necessary.
I'd love to know what those useful long-lived isotopes are by the way. To the best of my knowledge most of the applications that you quote are supplied by 'research' reactors specifically jigged to produce those particular 'topes not to produce power.
And it never has to be either. Dry cask storage is good for several centuries at least. Either we have a better solution by then or we reseal the casks at a fraction of the price.
Nuclear may not be that cheap either:
6000 Investment
10 years building time
3000 average invested capital
10% interest
300 interest per year prior to exploitation
3000 interest cost prior to exploitation
9000 total invested cost before exploitation
30 years depreciation
300 depreciation per year
4500 average capital over life
10% interest
450 interest cost per year
750 capex cost per year (deprec. + interest)
8760 hours per year
90% capacity factor
7884 effective hours
$0.10 capex per kwh
???? operations cost