Nuclear Power Economics

Glossary

c:

Onetime costs [$]

C_e:

Cost of electricity [$]

E_p:

Electricity production [kW(e)]

FV:

Future value in constant dollars [$]

FV’:

Future value in nominal dollars [$]

HM:

Heavy metal refers to the uranium and or transuranic component of fuel

i:

Inflation rate per year

kg:

Kilogram

kW:

Kilowatt

kWh:

Kilowatt hour

kWh(e):

Kilowatt hour electric

mill:

$ 0.001

MOX:

Mixed oxide fuel

MWh(e):

Megawatt hour electric

n:

Number of years

p(t):

Distributed costs [$/year]

Pu:

Plutonium

PV:

Present value [$]

r:

Nominal yearly rate of return in discrete discounting

r(x_i,x_j):

Correlation coefficient

SD:

Standard deviation

SF:

Spent fuel (also called used nuclear fuel; SF will be used in this work)

SW:

Separative work

t:

Time [year]

U:

Uranium

UOX:

Uranium dioxide fuel

VHLW:

Vitrified high-level waste

x_i:

Denotes a cost component

α:

Linear cost escalation rate [$/year²]

β:

Linear cost escalation intercept [$/year]

δ:

Delta function

ρ:

Real discount or interest rate [1/year]

Definition of the...