It’s really not, nuclear inherently requires extreme costs to operate. Compare costs vs coal which isn’t cost competitive these days. Nuclear inherently need a lot more effort refining fuel as you can’t just dig a shovel full of ore and burn it. Even after refining you can’t just dump fuel in, you need fuel assemblies. Nuclear must have a more complicated boiler setup with an extra coolant loop. You need shielding and equipment to move spent fuel and a spent fuel cooling pond. Insurance isn’t cheap when mistakes can cost hundreds of billions. Decommissioning could be a little cheaper with laxer standards, but it’s never going to be cheap. Etc etc.
Worse, all those capital costs mean you’re selling most of your output 24/7 at generally low wholesale spot prices unlike hydro, natural gas, or battery backed solar which can benefit from peak pricing.
That’s not regulations that’s just inherent requirements for the underlying technology. People talk about small modular reactors, but small modular reactors are only making heat they don’t actually drive costs down meaningfully. Similarly the vast majority of regulations come from lessons learned so yea they spend a lot of effort avoiding foreign materials falling into the spent fuel pool, but failing to do so can mean months of downtime and tens of millions in costs so there isn’t some opportunity to save money by avoiding that regulation.
See https://ourworldindata.org/safest-sources-of-energy for detailed stats.
I think we should target “risk parity with Gas” until climate change is under control.
As this is HN I assume you have some understanding of software/IT etc. Do you think a project manager on a massive software project could do the same with security flaws? Reduce the engineering effort by some percentage and get a predictable increase in security issues? And lets say that this project has massive amounts of sunk costs, is hugely important for the livelihood of everyone involved and also classified and closed source. All you have to do to reduce costs is increase data breaches from one to three per year. Easy. But in a complex human-technical system leadership do not have that kind of control authority.
My problem with your argument is that as framed it’s a fully generic argument against doing anything; there is always a risk of bad outcomes for any action. What we must do in practice is look at risk/reward and try our best to estimate each.
Data breaches are a bad analogy because you are presenting this as “I get to make a bit more money by lowering security”. A better analogy would be something like colonoscopy; some people will die from cancer if you advise nobody has this procedure. Some people will die from complications if people do get this procedure. How do we as a society choose how many people should die and from what? This is a trolley problem, there is no choice where people don’t die as a result of the decision. The answer is that we must do our best to estimate the risks and minimize them.
This is not what we are doing with nuclear right now. We are simply trying to reduce the risk of nuclear, without making any attempt to model the harms that are being introduced.