CHEAPER NUCLEAR POWER

CHEAPER NUCLEAR POWER

 Research reveals that countries that use nuclear electricity for the of their domestic energy surplus, charges low tariff rates than most countries which do not use nuclear electricity.

 An overview comparison of Kenya, South Africa and South Korea reveals that Kenya charges highest tariffs compared to the two countries that supplement their domestic energy supply chain with nuclear electricity. As Kenya charge 6.83 US cents / kWh, South Africa charges 2.38 US cents / kWh and South Korea 4.60 US cents / kWh respectively. This is a clear indication that with the establishment of first Nuclear power plant in Kenya by 2022, it is likely that the tariff charge will go down and be steady compared to the current high and fluctuating tariff . Nuclear electricity generation has low operation costs and much reliability thereby making the cost of electricity cheaper. 

 According to International Atomic Energy Director, Yukiya Amano; nuclear power can help improve energy security, reduce the impact of volatile fossil fuel prices, mitigate the effects of climate change and make economies more competitive. 

 Although many have said how expensive it is to establish a nuclear power plant; nonetheless, it’s operational cost and a steady supply of electricity, makes it the best option to deliver a stable source of base load electricity needed to power a modern economy. In fact, excluding Germany, countries that had started the nuclear electricity programme such as China and India have big expansion plans for the latter. Also many new countries have strategies to introduce nuclear power including Kenya as stated by Amano. Germany, which is facing out its nuclear power plants, will soon be importing electricity from its neighboring Russia to meet its demand for electricity. Lest we forget that the electricity import for Germany will be from the Russia nuclear power plants. 

Michael