The production costs of the French nuclear fleet. Synthesis and conclusions. Technical note

Whereas the French Energy Multi-year Programming (PPE) notably aims at preserving the purchasing power of consumers and the competitiveness of energy prices, this note aims at reporting an assessment of the production cost of the French present nuclear fleet, i.e. the electric power cost at the output of the production installation. The authors first discuss the choice for the methodology of 'cash costs' for the decision to continue of not the exploitation of existing units. They propose a mean assessment of about 33 euro/MWh, state that the present nuclear-based power production in France is profitable, and consider that there is no 'investment wall' to be faced in the near future. They also state that nuclear costs are hardly supposed to increase because they are little sensitive to uranium prices. They consider that dismantling and waste costs are covered at more than 100 per cent by dedicated assets. A technical note comes with this discussion. It discusses cost calculation methods, the assessment of the production cost of French existing reactors (second generation), and some additional elements regarding some cost components