Available Supply:... Each of these apects is considered below.Capital costsCosts are incurred while the generating plant is under construction and include expenditure on the necessary equipment, engineering and labour, as well as the cost of financing the investment.The overnight cost is the capital cost exclusive of financing charges accruing during the construction period. The overnight cost includes engineering, procurement and construction (EPC) costs, owners' costs (land, cooling infrastructure, associated buildings, site works, switchyards, project management, licences, etc.) and various contingencies.Construction/investment cost is the capital cost inclusive of all capital cost elements (overnight cost, cost escalation and financing charges). The construction cost is expressed in the same units as overnight cost and is useful for identifying the total cost of construction and for determining the effects of construction delays. In general the construction costs of nuclear power plants are significantly higher than for coal- or gas-fired plants because of the need to use special materials, and to incorporate sophisticated safety features and backup control equipment. These contribute much of the nuclear generation cost, but once the plant is built the cost variables are minor. About 80% of the overnight cost relates to EPC costs, with about 70% of these consisting of direct costs (physical plant equipment with labour and materials to assemble them) and 30% indirect costs (supervisory engineering and support labour costs with some materials). The remaining 20% of the overnight cost is for contingencies and owners’ costs (essentially the cost of testing systems and training staff).Financing costs will be dictated by the construction period and the applicable interest charges on debt.The construction time of a nuclear power plant is usually taken as the duration between the pouring of the first 'nuclear concrete' and grid connection. Long construction periods will push up financing costs, and in the past they have done so very significantly. In Asia construction times have tended to be shorter; for instance the two 1315 MWe ABWR units at Kashiwazaki-Kariwa 6&7 in Japan, which began operating in 1996 and 1997, were built in a little over four years, and 48-54 months is a typical projection for plants today. The last three South Korean reactors not delayed by cabling replacement averaged a construction time of 51 months.Construction interest costs can be an important element of the total capital cost but this depends on the rate of interest and the construction period. For a five-year construction period, a 2004 University of Chicago study shows that the interest payments during construction can be as much as 30% of the overall expenditure. This increases to 40% if applied to a seven-year construction schedule, demonstrating the importance of completing the plant on time. Where investors add a risk premium to the interest charges applied to nuclear plants, the impact of financing costs will be substantial.An insight into the magnitude of different elements of capital cost was provided by testimony to a Georgia Public Service Commission hearing concerning the Vogtle 3&4 project in June 2014. Here, for Georgia Power’s 45.7% share, the EPC cost was $3.8 billion, owner cost $0.6 billion, and financing cost $1.7 billion (if completed by 2016-17). The cost of possible delayed completion was put at $1.2 million per day. The total cost of the project was expected to be about $14 billion.The 2016 edition of the World Nuclear Association's World Nuclear Supply Chain report tabulated two breakdowns in capital costs, by activity and in terms of labour, goods and materials: Biomass Fluidized Bed Boiler 50MW 122.04 141.53 123.51 153.89 178.06 156.23 Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency Earth Sciences Solar Providers See Understanding Electricity Plan Types: Fixed, Variable, and Indexed for more. What type of plan is offered? Facebook and YouTube! SmarTricity Super Saver 3.9 / 5 A half century later, we have learned that nuclear power is, instead, too expensive to finance. 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Get rates for your area New Cars © 2010 - 2018 Fort Belknap Electric Cooperative PUCT Lic #10081 Amigo Energy | Copyright 2018 by Amigo Energy Biomass Direct 55 114 Education Lab Place a Classified Ad Outage Numbers Texans Energy Vermont's Independent Voice In a deregulated market, electricity providers generate electricity or buy it from companies that generate it. Having multiple electricity providers available gives customers options such as competitive pricing, renewable energy choices and different term lengths. Energy-Saving Tips Family owned since 1989. how to switch providers Golden Spread Electric Cooperative Apps & Syndication Slow Cookers Walters: Scott and Hallquist Face Off in First Debate On the flip side, the company responsible for delivering electricity is called a utility. Despite who you receive your Texas electric rates from, your utility remains in charge of electrical infrastructure. It takes care of any power failures and any maintenance to electrical lines. 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