Abstract
The Western European and Japanese nuclear power cost advantage over coal-fired electricity generation has been used, particularly since global warming became an issue, to counterpoint the U.S. experience — where the advantage is not apparent. Using OECD methodology, this paper examines the OECD assumptions and, as necessary, replaces them with European/Japanese practice. Additionally, for comparison with the U.S., market conditions replace statist controls. With the revised assumptions, the OECD data are resimulated yielding a severe reduction or reversal of the European/Japanese nuclear to coal advantage. Since the new generation is only developmental, existing technologies are used.
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