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The second French nuclear bet

Quentin Perrier ()

Energy Economics, 2018, vol. 74, issue C, 858-877

Abstract: Following the first oil crisis, France launched the world's largest ever nuclear energy program, commissioning 58 new reactors. These reactors are now reaching 40 years of age, the end of their technological lifetime. This places France at an energy policy crossroads: should the reactors be retrofitted or should they be decommissioned? The cost-optimal decision depends on several factors going forward, in particular the expected costs of nuclear energy production, electricity demand levels and carbon prices, all of which are subject to significant uncertainty.

Keywords: Power system; Uncertainty; Nuclear costs; Robust Decision Making; Investment (search for similar items in EconPapers)
JEL-codes: C6 D8 Q4 (search for similar items in EconPapers)
Date: 2018
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