Electricity: Costing Complete Systems

Executive Summary.................................................................................................................................................2 I. Key Issues for Energy Policy.............................................................................................................................3 II. Pricing a Kilowatt Hour.....................................................................................................................................3 II.1 Micro Solar Photovoltaics .........................................................................................................................4 II.2 Micro Wind Power......................................................................................................................................5 II.3 Commercial Wind Power .....................................................................................................................5 II.4 Coal and Gas................................................................................................................................................6 II.5 Nuclear Power .............................................................................................................................................7 II.5.1 Future Reactors...................................................................................................................................7 II.5.2 Spent Fuel is not Waste.....................................................................................................................7 II.5.3 Nuclear Plant Costs............................................................................................................................7 II.5.4 UK Nuclear History ...........................................................................................................................8 II.6 The p/kWh Comparison.............................................................................................................................8 III. Capital Costs per Gigawatt Year. ...................................................................................................................8 IV. Total Costs of 10 GWe, 50 year Systems ...................................................................................................10 V. Collected Results & Comments.....................................................................................................................11 Author.................................................................................................................................................................12 Acknowledgements.....................................................................................................................................12 References..........................................................................................................................................................12 Fig. 1. ELECTRICITY COST COMPONENTS