Economic Performance Indicators for Nuclear …

1 Economic Performance Indicators for Nuclear power PlantsTechnical Reports SeriEs No. 437 Economic PERFORMANCEINDICATORS FORNUCLEAR power PLANTSThe following States are Members of the International Atomic Energy Agency:The Agency s Statute was approved on 23 October 1956 by the Conference on the Statute of the IAEA held at United Nations Headquarters, New York; it entered into force on 29 July 1957. The Headquarters of the Agency are situated in Vienna. Its principal objective is to accelerate and enlarge the contribution of atomic energy to peace, health and prosperity throughout the world.

2 AFGHANISTANALBANIAALGERIAANGOLAARGENTINA ARMENIAAUSTRALIAAUSTRIAAZERBAIJANBANGLAD ESHBELARUSBELGIUMBENINBOLIVIABOSNIA AND HERZEGOVINABOTSWANABRAZILBULGARIABURKINA FASOCAMEROONCANADACENTRAL AFRICAN REPUBLICCHADCHILECHINACOLOMBIACOSTA RICAC TE D IVOIRECROATIACUBACYPRUSCZECH REPUBLICDEMOCRATIC REPUBLIC OF THE CONGODENMARKDOMINICAN REPUBLICECUADOREGYPTEL SALVADORERITREAESTONIAETHIOPIAFINLANDFRA NCEGABONGEORGIAGERMANYGHANAGREECEGUATEMA LAHAITIHOLY SEEHONDURASHUNGARYICELANDINDIAINDONESIAI RAN, ISLAMIC REPUBLIC OF IRAQIRELANDISRAELITALYJAM A ICAJAPA NJORDANKAZAKHSTANKENYAKOREA, REPUBLIC OFKUWAITKYRGYZSTANLATVIALEBANONLIBERIALI BYAN ARAB JAMAHIRIYALIECHTENSTEINLITHUANIALUXEMBOU RGMADAGASCARMALAYSIAMALIMALTAMARSHALL ISLANDSMAURITANIAMAURITIUSMEXICOMONACOMO NGOLIAMOROCCOMYANMARNAMIBIANETHERLANDSNE W ZEALANDNICARAGUANIGERNIGERIANORWAYPA K I S TA NPA NA M APA R AG UAYPERUPHILIPPINESPOLANDPORTUGALQATARREP UBLIC OF MOLDOVAROMANIARUSSIAN FEDERATIONSAUDI ARABIASENEGALSERBIA AND MONTENEGROSEYCHELLESSIERRA LEONESINGAPORESLOVAKIASLOVENIASOUTH AFRICASPAINSRI LANKASUDANSWEDENSWITZERLANDSYRIAN ARAB REPUBLICTA JI KIS TA NTHAILANDTHE FORMER YUGOSLAV REPUBLIC OF

3 MACEDONIATUNISIATURKEYUGANDAUKRAINEUNITE D ARAB EMIRATESUNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELANDUNITED REPUBLIC OF TANZANIAUNITED STATES OF AMERICAURUGUAYUZBEKISTANVENEZUELAVIETNAM YEMENZAMBIAZIMBABWEECONOMIC Performance Indicators FORNUCLEAR power PLANTSINTERNATIONAL ATOMIC ENERGY AGENCYVIENNA, 2006 TECHNICAL REPORTS SERIES No. 437 IAEA Library Cataloguing in Publication DataEconomic Performance Indicators for Nuclear power plants . Vienna : International Atomic Energy Agency, ; 24 cm. (Technical reports series, ISSN 0074 1914 ; 437)STI/DOC/010/437 ISBN 92 0 100905 4 Includes bibliographical Nuclear power plants Economic aspects.

4 2. Economic Indicators . I. International Atomic Energy Agency. II. Technical reports series (International Atomic Energy Agency) ; 00432 COPYRIGHT NOTICEAll IAEA scientific and technical publications are protected by the terms of the Universal Copyright Convention as adopted in 1952 (Berne) and as revised in 1972 (Paris). The copyright has since been extended by the World Intellectual Property Organization (Geneva) to include electronic and virtual intellectual property. Permission to use whole or parts of texts contained in IAEA publications in printed or electronic form must be obtained and is usually subject to royalty agreements.

5 Proposals for non-commercial reproductions and translations are welcomed and will be considered on a case by case basis. Enquiries should be addressed by email to the Publishing Section, IAEA, at or by post to:Sales and Promotion Unit, Publishing SectionInternational Atomic Energy AgencyWagramer Strasse Box 100A-1400 ViennaAustriafax: +43 1 2600 29302tel.: +43 1 2600 22417 IAEA, 2006 Printed by the IAEA in AustriaFebruary 2006 STI/DOC/010/437 FOREWORDFrom a global perspective, it is clear that there is no single group of key Economic and financial measures that are applicable and useful for all countries and regions.

6 The extent to which deregulation and privatization is occurring varies considerably throughout the world, with some countries continuing to foster regulated monopolies or government subsidies for power generation, while in others retail and wholesale electricity is sold in truly open market, competitive situations. Consequently, the requirement for key measures of financial and Economic success for the Nuclear power industry will continue to be diverse from one region or country to another. This report has been prepared for the benefit of Nuclear plant managers and operators.

7 Its primary purpose is to identify and define a number of Economic Performance measures for use at Nuclear power plants operating in deregulated, competitive electricity addressing the value of Economic measures, the report presents and discusses a general definition and classifications of Nuclear Economic Indicators within the context of regulation, competition and the Economic requirements for constructing, operating and decommissioning Nuclear plants . Categories of Economic measures, traditionally used in competitive enterprises, that have potential application in the operation of Nuclear plants are also presented.

8 A number of industry observations are discussed and presented as critical factors leading to a series of improvement strategies for the continued development and implementation of Economic Indicators , beyond those provided in this report, as well as for other related IAEA activities on the implementation and further development of the Nuclear Economic Performance Information the basis of the collective opinions and judgements of the representatives of the participating countries, the report provides a preliminary set of Nuclear Economic Performance Indicators , presented in standard Excel format, which includes detailed definitions, sample calculations.

9 Formulas and automated data input tables to facilitate the calculation and use of each publication reflects the discussions and research performed by the scientific investigators who participated in the coordinated research project on national approaches to correlate Performance targets and O&M IAEA expresses its appreciation to all who participated in the meetings and discussions during the preparation of this report. The IAEA is particularly grateful to the former chairperson of the Nuclear Committee of the Electric Utility Cost Group, J. DeMella, for having chaired all the meetings held on this subject and for his collaboration and assistance in preparing the final report.

10 The IAEA officer responsible for this report was R. Spiegelberg-Planer of the Division of Nuclear NOTEThe report does not address questions of responsibility, legal or otherwise, for acts or omissions on the part of any great care has been taken to maintain the accuracy of information contained in this publication, neither the IAEA nor its Member States assume any responsibility for consequences which may arise from its use of particular designations of countries or territories does not imply any judgement by the publisher, the IAEA, as to the legal status of such countries or territories.