alt Hacker NewsHow much of this is unnecessary regulatory burden, though? There probably is some margin of improvement over what the anti-nuclear lobbyists have imposed.
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MIT actually measured this, and the conclusion might surprise you:
> Some of the driving factors are definitely regulatory. After the Three Mile Island accident, for example, regulators “required increased documentation of safety-compliant construction practices, prompting companies to develop quality assurance programs to manage the correct use and testing of safety-related equipment and nuclear construction material.” Putting those programs in place and ensuring that documentation both added costs to the projects.
> But those were far from the only costs. They cite a worker survey that indicated that about a quarter of the unproductive labor time came because the workers were waiting for either tools or materials to become available. In a lot of other cases, construction procedures were changed in the middle of the build, leading to confusion and delays. Finally, there was the general decrease in performance noted above. All told, problems that reduced the construction efficiency contributed nearly 70 percent to the increased costs.
> By contrast, R&D-related expenses, which included both regulatory changes and things like the identification of better materials or designs, accounted for the other third of the increases. Often, a single change met several R&D goals, so assigning the full third to regulatory changes is probably an over-estimate.
> So, while safety regulations added to the costs, they were far from the primary factor. And deciding whether they were worthwhile costs would require a detailed analysis of every regulatory change in light of accidents like Three Mile Island and Fukushima.
https://arstechnica.com/science/2020/11/why-are-nuclear-plan...
France is all-in on nuclear. Their reactors are still pretty expensive. Worth it, but expensive. Each reactor is a huge piece of infrastructure where small mistakes compound. No matter how little regulation you have reworking these giant buildings takes a lot of work, if only from the physics of it all.
If there's magic that makes em massively cheaper someone should tell France.
It's not the regulations, it's the financing scheme: if it's not state backed with a long investment horizon, it's very expensive because private investors expect 10% yields in the middle of a ZIRP to cover from the possible political reversal.
The Hinckley Point C EPR reactor would have produced electricity at a rate below £20/MWh instead of a planned £80/MWh if it was financed by government bonds.
Is it unnecessary burden? We've had major nuclear accidents despite regulations and that was before 9/11 and dron wars.