Nuclear Reprocessing - Economics

Economics

The relative economics of reprocessing-waste disposal and interim storage-direct disposal has been the focus of much debate over the past ten years. Studies have modeled the total fuel cycle costs of a reprocessing-recycling system based on one-time recycling of plutonium in existing thermal reactors (as opposed to the proposed breeder reactor cycle) and compare this to the total costs of an open fuel cycle with direct disposal. The range of results produced by these studies is very wide, but all are agreed that under current (2005) economic conditions the reprocessing-recycle option is the more costly.

If reprocessing is undertaken only to reduce the radioactivity level of spent fuel it should be taken into account that spent nuclear fuel becomes less radioactive over time. After 40 years its radioactivity drops by 99.9%, though it still takes over a thousand years for the level of radioactivity to approach that of natural uranium. However the level of transuranic elements, including plutonium-239, remains high for over 100,000 years, so if not reused as nuclear fuel, then those elements need secure disposal because of nuclear proliferation reasons as well as radiation hazard.

• Recycled Nuclear Fuel Cost Calculator designed by the WISE Uranium Project

On 25 October 2011 a commission of the Japanese Atomic Energy Commission revealed during a meeting calculations about the costs of recycling nuclear fuel for power generation. These costs could be twice the costs of direct geological disposal of spent fuel: the cost of extracting plutonium and handling spent fuel was estimated at 1.98 to 2.14 yen per kilowatt-hour of electricity generated. Discarding the spent fuel as waste would cost only 1 to 1.35 yen per kilowatt-hour.

In July 2004 Japanese newspapers reported that the Japanese Government had estimated the costs of disposing radioactive waste, contradicting claims four months earlier that no such estimates had been made. The cost of non-reprocessing options was estimated to be between a quarter and a third ($5.5–7.9 billion) of the cost of reprocessing ($24.7 billion). At the end of the year 2011 it became clear that Masaya Yasui, who had been director of the Nuclear Power Policy Planning Division in 2004, had instructed his subordinate in April 2004 to conceal the data. The fact that the data were deliberately concealed obliged the ministry to re-investigate the case and to reconsider whether to punish the officials involved.