Sensitivity analysis on uncertainty variables affecting the NPP's LUEC with probabilistic approach

One thing that is quite crucial to be reviewed prior to any investment decision on the nuclear power plant (NPP) project is the calculation of project economic, including calculation of Levelized Unit Electricity Cost (LUEC). Infrastructure projects such as NPP's project are vulnerable to a number of uncertainty variables. Information on the uncertainty variables which makes LUEC's value quite sensitive due to the changes of them is necessary in order the cost overrun can be avoided. Therefore this study aimed to do the sensitivity analysis on variables that affect LUEC with probabilistic approaches. This analysis was done by using Monte Carlo technique that simulate the relationship between the uncertainty variables and visible impact on LUEC. The sensitivity analysis result shows the significant changes on LUEC value of AP1000 and OPR due to the sensitivity of investment cost and capacity factors. While LUEC changes due to sensitivity of U₃O₈'s price looks not quite significant. (author)