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Fuel is a much smaller fraction of the total cost of energy generation for nuclear power, though. If natural gas prices doubles, the price of electricity from g
by dmurray 5y ago
Fuel is a much smaller fraction of the total cost of energy generation for nuclear power, though. If natural gas prices doubles, the price of electricity from gas turbine plants doubles. If uranium prices double because no one will buy it from Russia any more, the price of nuclear electricity goes up what, 5 or 10 percent?
- gpm 5y agoCan anyone else increase production? Do we have stockpiles? If not the price of that electricity goes up to whatever Russia wants it to until we just stop using the reactors for lack of fuel. (Note: I don't know the answer to those questions, they aren't rhetorical)
- loeg 5y agoAustralia has large amounts of uranium (in the ground), for example. Russia and former Soviet states are not the only suppliers.
- tomatotomato37 5y agoYeah, one of the most productive uranium mine in the world is an Australian copper mine that happens to intersect a uranium deposit
- masklinn 5y ago> Can anyone else increase production? Almost every producer can, there are some processing steps before shipping (uranium is generally shipped as yellowcake), but for the most part it's pretty straightforward mining. > Do we have stockpiles? I'd expect most nuclear countries to have both a stockpile and a strategic reserve (especially if they use uranium in other contexts than civil energy). For reference France has a 2 years stockpile and a 5 years strategic reserve. A country like germany which is trying to get out of nuclear might have reduced their stockpile to waste less money (as they'd have to resell it).