Publicatie Laka-bibliotheek:
THORP and the economics of reprocessing (1990)
| Auteur | F.Berkhout, W.Walker |
| Datum | november 1990 |
| Classificatie | 2.05.8.35/08 (GROOT-BRITTANNIË - SELLAFIELD - THORP) |
| Voorkant |
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Uit de publicatie:
EXECUTIVE SUMMARY This Report compares the costs of reprocessing spent fuels at the new THORP reprocessing plant at Sellafield with the alternative of storing them prior to final disposal. It finds that even when the cost of constructing THORP is treated as a sunk cost, reprocessing has no decisive economic advantage over spent fuel storage. THORP is one of three large reprocessing plants which will begin operating in the early 1990s, the other two being in France. Together, they will reprocess the majority of spent fuels produced by nuclear power reactors in Western Europe and Japan in the 1970s and 1980s. The justifications put forward for these plants when they were designed in the 1970s are no longer valid. Natural and enriched uranium have become plentiful, and no-one expects plutonium-fuelled fast reactors to be constructed in any number before the middle decades of the next Century. The plutonium and uranium recovered from spent fuel is therefore no longer required for reasons of economy or supply security. In addition, it is now recognized that reprocessing complicates waste management by increasing the number and volume of waste streams. Electric utilities in Western Europe and Japan have already largely paid for the construction of the new British and French reprocessing plants. Today, their economic judgements therefore depend on the future costs of operating and eventually decommissioning the plants, and of dealing with the resulting wastes and separated products. The costs attached to reprocessing have risen mainly due to the higher estimated costs of waste management and decommissioning, and to the costs of coping with unwanted plutonium. Most of these costs are passed directly on to utilities and thus electricity consumers under the terms of cost-plus contracts. Using cost estimates favourable to the reprocessing option, the total future undiscounted liabilities arising from the first ten years of THORP reprocessing come to £2.4-3.7 billion at today's prices. (These figures do not include some costs, such as those relating to plutonium and nuclear waste transport, for which there are no published estimates.) This compares with the more predictable although still burdensome fuel storage, conditioning and disposal costs of £3.0-3.8 billion. If disposal is not anticipated, the economic advantage shifts decisively in favour of spent fuel storage: £0.9-1.3 billion against £1.4-2.4 billion for reprocessing.
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