Nuclear prices falling

The price of new nuclear facilities is dropping and will probably drop further according to the latest IHS CERA Power Capital Costs Index (PCCI). Power Engineering suggests

The decline in nuclear plant costs slowed over the past six months, falling by 1 percent, due to lower materials costs and additional manufacturing capability for key components. Despite an active pipeline, falling steel prices are likely to push costs down further in the near term.

The PCCI suggests additional declines in costs are likely, particularly as equipment costs further catch up with the fall in materials prices.