It takes .00681 lbs of U to generate 1 Megawatt hour So it cost $.20 (USD) in raw uranium to generate a megawatt hour of electricity.
Price of electricity in North America varies widely from about a low of ~$.10 (CAD) ( Hydroelectricity - Quebec, Manitoba, BC) to a high per kilowatt hour of around ~$.23 - $.27 (USD) (Hawaii, California, New York). The average retail kilowatt hour in the US is ~$13.50 (USD).
So average revenue generated from a megawatt hour of electricity in the US $135.00.
So the cost of uranium per megawatt in the US is 1/675 of the total cost at $30/lb. If uranium tripled in price it would add $.40 in cost to the average retail megawatt hour price 0f $135.00 in the US.
Really what a Utility pays for Uranium is pretty much a non-issue. The big costs in a reactor is the build cost and ongoing financing then labour. The cost of the Uranium to run the whole thing is almost an afterthought. I wouldn’t be surprised if the average utility nuclear reactor plant spends more on PPE than Uranium.
So I guess my point is Uranium is not cost prohibitive to the Utilities even if prices were to quadruple so that is not a really hard pressure on the price of U.
I knew U wasn’t a high cost in electrical generation. Now I know it’s almost a non-cost. (LOL)
I got all this info from Google.