RE:RE:It takes .00681 lbs of U to generate 1 Megawatt hour You are 100% correct 1000kw = 1 megawatt My post does have some sloppy writing though the math is solid.
MY CORRECTION IN CAPS Here is where I got the above info “
It takes .00681 lbs of U to generate 1 Megawatt hour“:
https://www.freeingenergy.com/math/nuclear-fuel-uranium-weight-pound-kwh-mwh-m125/#:~:text=Nuclear%20power%20plants%20require%20very,pounds%20of%20enriched%20uranium%20fuel.
So it cost $.20 (USD) in raw uranium to generate a megawatt hour of electricity. Math = .00681 x $30.00 = $.2043
CORRECT Price of electricity in North America varies widely from about a low of ~$.10 (CAD) (Per kilowatt Hour) ( 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).
THIS IS A MISTAKE SHOULD BE $.135 or 13.5 CENTS per kilowatt hour. Decimal place was wrong though I still used 13.5 cents for my further calcs.
https://www.electricchoice.com/electricity-prices-by-state/ So average
RETAIL revenue generated from a megawatt hour of electricity in the US is $135.00.
THIS STATEMENT IS CORECT $.135 x 1000 (kilowatts) = $135.00 for a MEGAWATT So the cost of uranium per megawatt in the US is 1/675
(THIS IS WRONG SHOULD BE 1/150 BUT IT DOESN’T AFFECT THE REST OF THE MATH) 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
(CORRECT) THE FOLLOWING STAMENTS ARE STILL CORECT: 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.
OK HERE I SHOULD SAY THE COST OF THE CHEMICALS TO TREAT THE WATER IN A NUCLEAR PLANT IS MORE EXPENSIVE THAN THE COST OF URANIUM. PROBABLY A MORE FAIR STATEMENT. 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.
CORRECT 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.