And opponents say that even in a smaller form, nuclear power is expensive – it’s one of the costliest forms of energy, requiring substantial government subsidies to build and run, not to mention insure. Nuscale’s SMR is offering an artificial 6.5 cent-per-kilowatt-hour cap (4.9p per kWh) as an incentive to get its first project off the ground. Yet in September, the Los Angeles Department of Water and Power announced that it had accepted a bid of electricity coming from renewables with storage capacity that can deliver an energy supply at 2 cents per kWh, with a battery storage system for use during hours of darkness.
This pilgrim isn't convinced on purely economic grounds Nuclear power is or will be cheaper, its possible other considerations could see nuclear power worthy of further research here in Oz.
