What is the most revealing part of the New York Times article? The total cost of running various types of generating plants on a levelized or basis. That is what our homegrown nuclear power-loving advocates fail to get. They simplistically and incompletely look at the operating cost of a fully depreciated nuclear plant and think it is so cheap.
'The LCOE is calculated by adding up all costs of production, divided by the total amount of energy it is expected to generate.' What is the actual levelized cost of generating power as provided in the New York Times article? It is very instructive. Costs may be higher across the board for the Philippines and smaller markets. The figures below are in US dollars per megawatt:– Solar: $60 – Wind: $50 – Natural gas: $70 – Coal: $117 – Nuclear: $180 Well, well, well.