Economics of Nuclear Reactor

"Very few governments look beyond the length of time where the officials are actually in power". Extremely sage comment.

So basically, once you have built a nuclear reactor, don't bloody shut it down unless it is at the end of its useful life! Looking at you, Germany!

And the moral still is: "A society grows great when old men plant trees whose shade they know they shall never sit in."

So this is why Mr Burns is so old and rich

And the people who invested in a Post-It notes factory are laughing all the way to the bank.

In short, build a nuclear plant, before you turn 25.

I am from Bangladesh and my country is building a 2400mw nuclear plant. A lot of people including the opposition party were against building it, but its good that the govt went with their plans. We are also planning a 2nd one. I hope all goes well

I was 14 minutes in before I realized this guy writes backwards. I was 15 minutes in before I realized he wrote normally and flipped the video horizontally.

I’m from a developing country in Asia It’s great that I can have access to content like this to learn new things. And I learned to speak English on own through the internet by the help of great human beings like yourself. Thanks!

'The utilities cant charge for the plant until they actually provide electricity from it' Yeah ask my idiot state government of South Carolina about that. They passed a law allowing the utilities to charge to build a nuclear plant. The plant kept going over budget and was abandoned before completion.

"We've just surpassed making more money than the gas plant. It took a lot more risk." Accidentally drops one of the profit units.

It's also super green as long as you are responsible with the waste.

I'm impressed by his skill to write backwards so well

It would be nice to know the economics with decommissioning costs included. Thanks for the great video.

This prof is an exceptional teacher. I could listen to him lecture on the history of shoelaces and be interested.

What I really appreciate is how you’ve distilled a rather complex problem into simple terms that allows anyone to understand the economics behind long term decisions

In short, don't think short-term. Thank you for the Lesson Professor.

are we just going to ignore the fact he's writing backwards perfectly?

I work in the wholesale power industry and this is a very good explanation between the 2 for novice people. When he was referring to uncertainty in nuclear he’s referring to government getting in the way. We have nuclear in the mix and the life expectancy of the plant is actually 50 years and the debt is paid off so cheapest energy in the mix. Gas and coal plants are around 25 before decommissioning. Also if the government decides to ban fracking you can expect the fuel costs to at least double more likely triple as the average cost cost was $6 prior to fracking.

The true tragedy of democracy is that once elected, the single most important thing is to get re-elected.