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Macau[edit] 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:
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Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved 500+ customer service agents Ethiopia 6.7 to 7.7[a] Dec 31, 2012 [36] Prices are expected to go up so quickly that Texas Power has stopped selling its “Texas Electricity Comparison” plan to new customers this summer, a prepaid plan that changes rates each month depending on wholesale prices. Instead, the company is encouraging its customers to lock in for longer periods of time. Customers who used up to 2,000 kilowatts each month could get a 12-month contract for 11.7 cents per kilowatt hour in May compared to the same plan for 9.1 cents per kilowatt hour one year earlier.
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It isn’t, for several reasons. Irving energy rates Other measures alone don’t accurately reflect monthly residential bills. Take the following case:
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7.92 >1000 kWh/M Locking Products Energy suppliers are supposed to keep you updated on your switch (via letter/telephone/email – please keep an eye on your junk/spam folder). If you ever have any queries about your switch, you can always contact your energy supplier for an update.
Cavity wall insulation. Most homes built since 1920 have a gap between internal and external walls. Filling the cavity with insulating mineral wool and foam means cold air’s kept out, and warm air stays in. It can save an average three-bedroom home up to £150/yr. We’ve heard of certain cases where damp has formed after having cavity wall insulation installed, so make sure it’s appropriate for your home.
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