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The Cost of Caring for Elderly Nuclear Plants Expected to Rise

mdsolar (1045926) writes | about a month ago

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mdsolar (1045926) writes "Europe's ageing nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and costing plant operators many millions of dollars.

Nuclear power provides about a third of the European Union's electricity generation, but the 28-nation bloc's 131 reactors are well past their prime, with an average age of 30 years.

And the energy companies, already feeling the pinch from falling energy prices and weak demand, want to extend the life of their plants into the 2020s, to put off the drain of funding new builds.

Closing the older nuclear plants is not an option for many EU countries, which are facing an energy capacity crunch as other types of plant are being closed or mothballed because they can't cover their operating costs, or to meet stricter environmental regulation."

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