"In December 2020 IEA and OECD NEA published a joint Projected Costs of Generating Electricity study which looks at a very broad range of electricity generating technologies based on 243 power plants in 24 countries. The primary finding was that “low-carbon generation is overall becoming increasingly cost competitive” and “new nuclear power will remain the dispatchable low-carbon technology with the lowest expected costs in 2025”. The report calculated LCOE with assumed 7% discount rate and adjusted for systemic costs of generation.[79] "
It’s literally the most expensive power of any of the major options.
Yesterday the price of electricity was -1.16 c/kwh here despite having all those expensive reactors.
"In December 2020 IEA and OECD NEA published a joint Projected Costs of Generating Electricity study which looks at a very broad range of electricity generating technologies based on 243 power plants in 24 countries. The primary finding was that “low-carbon generation is overall becoming increasingly cost competitive” and “new nuclear power will remain the dispatchable low-carbon technology with the lowest expected costs in 2025”. The report calculated LCOE with assumed 7% discount rate and adjusted for systemic costs of generation.[79] "
https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_source
The IEA is a bad joke that has been notoriously wrong in its projections for decades. Nobody in the industry takes them seriously.