Norsk Kjernekraft has submitted a proposal to Norway’s Ministry of Oil and Energy for an assessment into the construction of a power plant based on multiple small modular reactors (SMRs) in the municipalities of Aure and Heim. The company said it marks the first formal step towards the possible construction of the country’s first nuclear power plant.
Nuclear Power – Price vs Cost
If we look at energy provision for a modern industrial society as a system, more than simple accounting arithmetic is needed. Over and above the the price, there are many externalities, which economists take to be third party costs – but they are still part of the price of providing the whole system.
