Financial Aspects Of Decommissioning

Estimating decommissioning costs and collecting the necessary funds for the eventual decommissioning of nuclear facilities is a prerequisite for safe, timely and cost effective decommissioning. The report identifies the types of costs that should be considered when developing a cost estimate and provides information on the collection and management of the funds. It also provides a discussion of the social impacts of decommissioning and how decommissioning can affect the surrounding communities.

Cost estimation for the decommissioning of nuclear facilities can vary considerably in format, content and practice both within and across countries. These differences may have legitimate reasons but make the process of reviewing estimates complicated and the estimates themselves difficult to defend. Hence, the joint initiative of the OECD Nuclear Energy Agency (NEA), the International Atomic Energy Agency (IAEA) and the European Commission (EC) was undertaken to propose a standard itemisation of decommissioning costs either directly for the production of cost estimates or for mapping estimates onto a standard, common structure for purposes of comparison. This report updates the earlier itemisation published in 1999 and takes into account experience accumulated thus far. The revised cost itemisation structure has sought to ensure that all costs within the planned scope of a decommissioning project may be reflected. The report also provides general guidance on developing a decommissioning cost estimate, including detailed advice on using the structure.

While refurbishments for the long-term operation of nuclear power plants and for the lifetime extension of such plants have been widely pursued in recent years, the number of plants to be decommissioned is nonetheless expected to increase in future, particularly in the United States and Europe. It is thus important to understand the costs of decommissioning so as to develop coherent and cost-effective strategies, realistic cost estimates based on decommissioning plans from the outset of operations and mechanisms to ensure that future decommissioning expenses can be adequately covered. This study presents the results of an NEA review of the costs of decommissioning nuclear power plants and of overall funding practices adopted across NEA member countries. The study is based on the results of this NEA questionnaire, on actual decommissioning costs or estimates, and on plans for the establishment and management of decommissioning funds. Case studies are included to provide insight into decommissioning practices in a number of countries.

This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased. Contents History and Current Status of the World Nuclear Industry The Dramatic Decrease of the Economics of Nuclear Power Nuclear Policy in the EU The Legacy of Csernobyl and Fukushima Nuclear Waste and Decommissioning of Nuclear Power Plants Alternatives: Heading Towards Sustainable Electricity Systems Target Groups Researchers and students in the fields of political, economic and technical sciences Energy (policy) experts, nuclear energy experts and practitioners, economists, engineers, consultants, civil society organizations The Editors Prof. Dr. Reinhard Haas is University Professor of energy economics at the Institute of Energy Systems and Electric Drives at Technische Universität Wien, Austria. PD Dr. Lutz Mez is Associate Professor at the Department for Political and Social Sciences of Freie Universität Berlin, Germany. PD Dr. Amela Ajanovic is a senior researcher and lecturer at the Institute of Energy Systems and Electrical Drives at Technische Universität Wien, Austria.--

At a time when many older facilities are being decommissioned and many more are undergoing major retrofits to extend their lives, there is a wealth of information emerging to guide the design of new facilities. In this publication, the most important lessons learned in recent years are examined.

Decommissioning nuclear facilities is a relatively new field, which has developed rapidly in the last ten years. It involves materials that may be highly radioactive and therefore require sophisticated methods of containment and remote handling. The wastes arising from decommissioning are hazardous and have to be stored or disposed of safely in order to protect the environment and future generations. Nuclear decommissioning work must be carried out to the highest possible standards to protect workers, the general public and the environment. This book describes the techniques used for dismantling redundant nuclear facilities, the safe storage of radioactive wastes and the restoration of nuclear licensed sites. * Describes the techniques used for dismantling nuclear facilities, safe storage of radioactive wastes, and the restoration of nuclear licensed facilities. * Provides the reader with decommissioning experience accumulated over 15 years by UKAEA. * Contains valuable information to personnel new to decommissioning and waste management.