Projected electricity costs in international nuclear power markets

The nuclear power industries in member countries of the Organisation for Economic Cooperation and Development (OECD) have lost global nuclear market share to Russian and Chinese firms. A recent OECD report claims, under restrictive assumptions, that (1) nuclear power units using OECD member country technologies are competitive with those using Russian and Chinese technologies, and (2) nuclear power has lower expected average costs than coal (with carbon dioxide taxes) and renewables. OECD based firms are hoping to catch up to Russia and China with Small Modular Reactors and advanced nuclear technologies. But unless OECD member governments and utilities are willing to invest hundreds of billions of dollars in financing their nuclear industries' projects, it will be difficult to stop Russian and/or Chinese dominance of the global nuclear industry after 2030.

Automated summary

Nuclear power industries in OECD member countries have lost market share to Russian and Chinese firms, and it will be difficult to prevent their dominance in the global nuclear industry after 2030 without significant investments.