How much does an MWh of electricity cost?

The International Energy Agency (IEA) published an overview of the prices for various energy technologies at the end of 2020. With a 3% investment rate for all energy sources, nuclear power costs $45/MWh. Offshore wind costs $66/MWh. As a result, nuclear power is far less expensive than offshore wind.

 Thus, according to the International Energy Agency (IEA), nuclear power is 45% cheaper than offshore wind at the same low investment rate of 3% and thus competitive with other green energy sources [1].

In addition, the IEA and OECD-NEA had in 2020 created this Levelised cost statement with data for different countries, which shows the same thing in more detail.

 In addition, you can look at the electricity prices in various European countries. As the graph below shows, they are far from the lowest in Denmark. All European countries that get a significant part of their electricity from nuclear power have, on average lower electricity prices than Denmark. In the debate, the electricity prices from country to country are not entirely comparable as local taxes and import/export can distort the picture quite a bit. But overall, there is no doubt that Nuclear power, in the long run, means both more stable prices and lower overall.

Source:

  1. Projected Costs of Generating Electricity 2020 – Analysis – IEA

Powered by BetterDocs