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Funding the Nuclear Decommissioning Authority

Funding the Nuclear Decommissioning Authority PDF Author: Great Britain: Parliament: House of Commons: Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215514547
Category : Business & Economics
Languages : en
Pages : 48

Book Description
The NDA is funded by a combination of commercial income and grant-in-aid. For 2007/08 its budget is set at £2,790 million; of this, £1,420 million was intended to be ring-fenced grant-in-aid and £1,370 million commercial income, chiefly from reprocessing but also including income from waste substitution. The National Audit Office report (HC238, session 2007-08, ISBN 9780102951974) identified uncertainty as to whether the waste substitution income budgeted for would actually be forthcoming. There has been a shortfall in the NDA's budget and the large request for additional funding that resulted came at a very late stage in the financial year. The Committee believes the NDA's funding model is unsustainable, particularly in light of the volatile and declining nature of the NDA's commercial income. Public funding will almost certainly have to increase significantly, over and above the current plans. This has major implications for the Department for Business, Enterprise and Regulatory Reform (DBERR) which already spends 40 per cent of its departmental expenditure limit on the NDA. A new system of funding is needed, as the Permanent Secretary of DBERR acknowledged, and work on this needs to begin urgently.

Funding the Nuclear Decommissioning Authority

Funding the Nuclear Decommissioning Authority PDF Author: Great Britain: Parliament: House of Commons: Business and Enterprise Committee
Publisher: The Stationery Office
ISBN: 9780215514547
Category : Business & Economics
Languages : en
Pages : 48

Book Description
The NDA is funded by a combination of commercial income and grant-in-aid. For 2007/08 its budget is set at £2,790 million; of this, £1,420 million was intended to be ring-fenced grant-in-aid and £1,370 million commercial income, chiefly from reprocessing but also including income from waste substitution. The National Audit Office report (HC238, session 2007-08, ISBN 9780102951974) identified uncertainty as to whether the waste substitution income budgeted for would actually be forthcoming. There has been a shortfall in the NDA's budget and the large request for additional funding that resulted came at a very late stage in the financial year. The Committee believes the NDA's funding model is unsustainable, particularly in light of the volatile and declining nature of the NDA's commercial income. Public funding will almost certainly have to increase significantly, over and above the current plans. This has major implications for the Department for Business, Enterprise and Regulatory Reform (DBERR) which already spends 40 per cent of its departmental expenditure limit on the NDA. A new system of funding is needed, as the Permanent Secretary of DBERR acknowledged, and work on this needs to begin urgently.

Government financial reporting manual 2010-11

Government financial reporting manual 2010-11 PDF Author: Great Britain: H.M. Treasury
Publisher: The Stationery Office
ISBN: 9780115601415
Category : Finance, Public
Languages : en
Pages : 152

Book Description
Known as FReM. Ring binder available separately (ISBN 9780115601422). Also available with binder (ISBN 9780115601439)

Decommissioning of Nuclear Facilities

Decommissioning of Nuclear Facilities PDF Author: OECD Nuclear Energy Agency
Publisher: Nuclear Energy Agency, Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 142

Book Description


Costing Methods and Funding Schemes for Radioactive Waste Disposal Programmes

Costing Methods and Funding Schemes for Radioactive Waste Disposal Programmes PDF Author: IAEA
Publisher: International Atomic Energy Agency
ISBN: 9201118201
Category : Technology & Engineering
Languages : en
Pages : 115

Book Description
Reliable methods for estimating the cost of a radioactive waste disposal programme are crucial to ensure that the necessary funding for completing the disposal programme is available. Estimating the cost for disposal is, however, a challenging and complex task. Disposal programmes themselves are complex and long term undertakings, and conditions can be expected to change significantly over the time span during which a disposal programme is developed and implemented. This publication provides Member States with information on developing cost estimates for a disposal programme and establishing funding mechanisms. It will help readers in becoming informed clients by familiarizing themselves with the approaches and complexities in cost estimates and funding mechanisms for disposal. The publication is applicable to all waste categories and both near surface and geological disposal. It contains relevant examples and case studies from national programmes. The cost figures are intended to give an indication of the possible cost of certain parts or aspects of the disposal programme rather than to compare different disposal programmes’ costs.

Managing the Financial Risk Associated with the Financing of New Nuclear Power Plant Projects

Managing the Financial Risk Associated with the Financing of New Nuclear Power Plant Projects PDF Author: International Atomic Energy Agency
Publisher:
ISBN: 9789201003171
Category : Technology & Engineering
Languages : en
Pages : 200

Book Description
This publication emphasizes how various risks -- including those typically considered to be 'engineering risks' -- will give rise to such financial risks.

Costs of Decommissioning Nuclear Power Plants

Costs of Decommissioning Nuclear Power Plants PDF Author:
Publisher:
ISBN: 9789264255555
Category :
Languages : en
Pages : 260

Book Description
While refurbishments for the long-term operation of nuclear power plants and for the lifetime extension of such plants have been widely pursued in recent years, the number of plants to be decommissioned is nonetheless expected to increase in future, particularly in the United States and Europe. It is thus important to understand the costs of decommissioning so as to develop coherent and cost-effective strategies, realistic cost estimates based on decommissioning plans from the outset of operations and mechanisms to ensure that future decommissioning expenses can be adequately covered. This study presents the results of an NEA review of the costs of decommissioning nuclear power plants and of overall funding practices adopted across NEA member countries. The study is based on the results of this NEA questionnaire, on actual decommissioning costs or estimates, and on plans for the establishment and management of decommissioning funds. Case studies are included to provide insight into decommissioning practices in a number of countries.

The Technological and Economic Future of Nuclear Power

The Technological and Economic Future of Nuclear Power PDF Author: Reinhard Haas
Publisher: Springer
ISBN: 3658259876
Category : Political Science
Languages : en
Pages : 382

Book Description
This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased.

International Structure for Decommissioning Costing (ISDC) of Nuclear Installations

International Structure for Decommissioning Costing (ISDC) of Nuclear Installations PDF Author: Organisation de coopération et de développement économiques
Publisher:
ISBN: 9789264991736
Category : Nuclear energy
Languages : en
Pages : 195

Book Description
Cost estimation for the decommissioning of nuclear facilities can vary considerably in format, content and practice both within and across countries. These differences may have legitimate reasons but make the process of reviewing estimates complicated and the estimates themselves difficult to defend. Hence, the joint initiative of the OECD Nuclear Energy Agency (NEA), the International Atomic Energy Agency (IAEA) and the European Commission (EC) was undertaken to propose a standard itemisation of decommissioning costs either directly for the production of cost estimates or for mapping estimates onto a standard, common structure for purposes of comparison. This report updates the earlier itemisation published in 1999 and takes into account experience accumulated thus far. The revised cost itemisation structure has sought to ensure that all costs within the planned scope of a decommissioning project may be reflected. The report also provides general guidance on developing a decommissioning cost estimate, including detailed advice on using the structure.

Design Lessons Drawn from the Decommissioning of Nuclear Facilities

Design Lessons Drawn from the Decommissioning of Nuclear Facilities PDF Author: International Atomic Energy Agency
Publisher:
ISBN: 9789201132109
Category : Technology & Engineering
Languages : en
Pages : 0

Book Description
At a time when many older facilities are being decommissioned and many more are undergoing major retrofits to extend their lives, there is a wealth of information emerging to guide the design of new facilities. In this publication, the most important lessons learned in recent years are examined.

Opportunities for Cogeneration with Nuclear Energy

Opportunities for Cogeneration with Nuclear Energy PDF Author: International Atomic Energy Agency
Publisher:
ISBN: 9789201036162
Category : Technology & Engineering
Languages : en
Pages : 0

Book Description
This publication presents a comprehensive overview of various aspects relating to the application of cogeneration with nuclear energy, which may offer advantages such as increased efficiency, better cost effectiveness, and reduced environmental impact. The publication provides details on experiences, best practices and expectations for the foreseeable future of cogeneration with nuclear power technology and serves as a guide that supports newcomer countries. It includes information on systems and applications in various sectors, feasibility aspects, technical and economic details, and case studies.