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<p>DECC’s most recently published figures for current and future levelised costs are
available in the DECC Electricity Generation Costs (December 2013) report:</p><p><a
href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/269888/131217_Electricity_Generation_costs_report_December_2013_Final.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/269888/131217_Electricity_Generation_costs_report_December_2013_Final.pdf</a></p><p>Table
1 below is taken from this report, and shows a range of levelised cost estimates for
nuclear projects commissioning in 2020, 2025 and 2030, evaluated using a technology
specific hurdle rate of 9.5% (pre-tax real). Estimates are not available for projects
commissioning in 2035.</p><p>Table 1: Levelised cost estimates for nuclear projects,
technology specific hurdle rate, sensitivities around high/low capital costs</p><table><tbody><tr><td><p><em>£/MWh</em></p><p><em>£2012</em></p></td><td><p><em>Projects
commissioning in 2020, </em></p><p><em>£/MWh</em></p></td><td><p><em>Projects commissioning
in 2025, </em></p><p><em>£/MWh</em></p></td><td><p><em>Projects commissioning in 2030,
</em></p><p><em>£/MWh</em></p></td></tr><tr><td><p>Nuclear</p></td><td><p>79 - 102</p></td><td><p>75
– 101</p></td><td><p>67 - 89</p></td></tr></tbody></table><p> </p><p>Levelised cost
estimates for different types of electricity generation are highly sensitive to the
assumptions used for capital costs, fuel and EU ETS allowance prices, operating costs,
load factor, discount rate and other drivers and this means that there is significant
uncertainty around these estimates.</p>
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