Nuclear Energy Now More Expensive Than Solar

js_sebastian writes "According to an article on the New York Times, a historical cross-over has occurred because of the declining costs of solar vs. the increasing costs of nuclear energy: solar, hardly the cheapest of renewable technologies, is now cheaper than nuclear, at around 16 cents per kilowatt hour. Furthermore, the NY Times reports that financial markets will not finance the construction of nuclear power plants unless the risk of default (which is historically as high as 50 percent for the nuclear industry) is externalized to someone else through federal loan guarantees or ratepayer funding. The bottom line seems to be that nuclear is simply not competitive, and the push from the US government to subsidize it seems to be forcing the wrong choice on the market."

Comments

Re:Conditions Apply

[Anonymous Coward]

The enviro-whackos are so into externalizing costs, lets look at some other instances of costs that should be externalized that I think Slashdotters won't be happy about.

1. Drug use: Medical costs, lost jobs, families on state assistance, abandoned children, children sold into sex slavery, etc. Feel free to include the Law Enforcement costs if you want.
2. Promiscuous Lifestyle (Hetero and homosexual): AIDS...billions and billions