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East Wenatchee-based Giga Watt pledged to sink $20 million into a complex of digital currency mining "pods" under construction on nearby land, which it said would create 61 new permanent jobs and retain 16 more. Giga Watt is also expanding briskly in Moses Lake, Washington. CPL Retail Energy Close X Assessing the relative costs of new generating plants utilising different technologies is a complex matter and the results depend crucially on location. Coal is, and will probably remain, economically attractive in countries such as China, the USA and Australia, as long as carbon emissions are cost-free. Gas is also competitive for base-load power in many places, particularly using combined-cycle plants.Nuclear power plants are expensive to build but relatively cheap to run. In many places, nuclear energy is competitive with fossil fuels as a means of electricity generation. Waste disposal and decommissioning costs are usually fully included in the operating costs. If the social, health and environmental costs of fossil fuels are also taken into account, the competitiveness of nuclear power is improved.On a levelised (i.e. lifetime) basis, nuclear power is an economic source of electricity generation, combining the advantages of security, reliability and very low greenhouse gas emissions. Existing plants function well with a high degree of predictability. The operating cost of these plants is lower than almost all fossil fuel competitors, with a very low risk of operating cost inflation. Plants are now expected to operate for 60 years and even longer in the future. The main economic risks to existing plants lie in the impacts of subsidised intermittent renewable and low-cost gas-fired generation. The political risk of higher, specifically-nuclear, taxation adds to these risks.The World Nuclear Association published Nuclear Power Economics and Project Structuring in early 2017. The report notes that the economics of new nuclear plants are heavily influenced by their capital cost, which accounts for at least 60% of their levelised cost of electricity (LCOE). Interest charges and the construction period are important variables for determining the overall cost of capital. The escalation of nuclear capital costs in some countries, more apparent than real given the paucity of new reactor construction in OECD countries and the introduction of new designs, has peaked in the opinion of the International Energy Agency (IEA). In countries where continuous development programs have been maintained, capital costs have been contained and, in the case of South Korea, even reduced. Over the last 15 years global median construction periods have fallen. Once a nuclear plant has been constructed, the production cost of electricity is low and predictably stable.In deregulated wholesale electricity markets the economic justification for any capital investment has been decreasing while the actual need increases due to the ageing of existing plants. The IEA points out that at the turn of the century one-third of investment in electricity flowed into deregulated markets exposed to wholesale price uncertainty, whilst two-thirds went into regulated markets with some assurance of return on capital. By 2014 only 10% of investment was directed into deregulated markets. This has prompted urgent reviews by governments concerned about medium-term energy security.Assessing the costs of nuclear powerThe economics of nuclear power involves consideration of several aspects: Best Electric Company In Abilene Texas | Cheap Electricity Now Best Electric Company In Abilene Texas | Cheap Electricity Plans Best Electric Company In Abilene Texas | Same Day Service
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