fixed unit price simulation for disposal of spent fuel ... - Greenpeace UK

Research Report
4. RESEARCH CONCLUSIONS
4.1 Fixing The Government Risk Premium at 100%
The effective risk premium charged by government for spent fuel disposal is rather low at
around 42% for an AP1000 or 58% for an EPR (see Section 3.4). The Fixed Unit Price could
be adjusted to 100% risk premium that we believe the market is willing to bear.
The revised Quantity Fixed Unit Price (Q-FUP) will be approximately a £1.4m/tU and the
revised Output Fixed Unit Price (O-FUP) will be approximately 0.24p/kWh.
DECC Fixed Unit Prices Required For 100% Risk Premium
Power
Station
Spent Fuel
@ 60 Yrs
NDA
Disposal
Cost
Profit
Margin /
Risk
Premium
Required
Disposal
Price
Required
FUP @100%
Risk Premium
EPR 1,391 tU £972m 100% £1,944m 1.4 £m/tU
£972m 100% £1,944m 0.24 p/kWh
Twin EPR 2,781 tU £1,841m 100% £3,628m 1.3 £m/tU
£1,841m 100% £3,628m 0.23 p/kWh
AP1000 1,061 tU £751m 100% £1,502m 1.4 £m/tU
£751m 100% £1,502m 0.27 p/kWh
Twin AP1000 2,126 tU £1,442m 100% £2,884m 1.4 £m/tU
£1,442m 100% £2,884m 0.26 p/kWh
FUPSIM modeled @ 8,200 tU baseline legacy spent fuel inventory in NDA repository,
65,000 MWd/tU thermal burn-up, EPR 37.2% efficient, AP1000 34.0% efficient,
60 year generating period, 100 year storage period
Jackson Consulting 42