Advertisement
Guest User

Untitled

a guest
Mar 4th, 2015
213
0
Never
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 2.62 KB | None | 0 0
  1. My stakeholder will be as the general public in Singapore and I firmly believe that Singapore should build nuclear power plants to meet her energy requirements.
  2. Firstly, nuclear power is a cheaper alternative to meet our energy requirements as compared to other conventional energy sources such as natural gas or coal. In 2013, the average cost of electricity generated by gas and coal in the United States was 3.24 cents/kWh and 4.09 cents/kWh respectively while on the other hand, electricity generated through nuclear power costs only 2.30 cents/kWh based on data released by the Nuclear Energy Institute in the US. This resulted in savings of approximately 30% and 44% respectively when using nuclear power to generate electricity as compared to gas and coal. Another significant advantage of using nuclear power is its low price volatility as compared to other sources of fuel. From the year 1995 to 2013, the fuel cost for nuclear power remained relatively constant, costing only an average of 65 cents (and standard deviation of 0.1015) as compared to, for example gas, which costs an average of $5.29 (and standard deviation of 1.6669), based on data released by the Nuclear Energy Institute. This helps to reduce the financial burden of utility bills on the people and it also helps to ensure that during price spikes of fossil fuels, electricity prices will still be affordable enough for the majority of the general public.
  3.  
  4. Secondly, nuclear power is actually much safer than other conventional electricity production methods. Based on information from the World Nuclear Association, between 1969 to 2000, the number of reported fatalities as a result of nuclear power in OECD and non-OECD nations was 31 deaths. Whereas in the same time period, there were over 52,316 deaths related to fossil fuel and natural gas energy generation in OECD and non-OECD nations. Notwithstanding that, with the implementation of Generation 4 nuclear reactors, existing concerns with nuclear power plants will be resolved as they feature new and improved designs to enhance safety, such as higher operational temperatures, use of more effective non-water coolants, and passive safety measures to lower the risks of a core meltdown even more, based on information by the OECD Nuclear Energy Agency. This helps to prevent accidents like the Fukushima Daiichi nuclear reactor meltdown from occurring again. Also, in generation 3+ nuclear reactors, the chance of a core damage frequency has been estimated to be once every 300-350 million operation years and is expected to be even higher in generation 4 reactors based on information from the American Academy of Arts and Sciences.
Advertisement
Add Comment
Please, Sign In to add comment
Advertisement