It’s not hard to understand the reason why : Kansai Electric Power said it incurred a net loss of 242.26 billion yen ($3 billion) turning around from a year-before profit of 123.14 billion yen. This is in Japan. I mentioned last week that a nuclear plant can be very expensive to build but very inexpensive to run – both in absolute terms and relative to other power plants. That can make them quite profitable over time. But if Kansai and other electricity providers in Japan – Tepco is the one that owns Fukushima Daiichi – switch off the plants and begin depending on electricity imports or coal imports to fire up older plants, this is the result. “Operating costs surged from the year before with the lower utilization rate of nuclear power plants and higher fuel prices pushing up costs of thermal power generation and of electricity purchases from other companies," it [Kansai] said. How are the other electric companies doing? Hokkaido Electric Power, which until i...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.