Friday, 13 April 2018 at 14:30-15:30 Paris time
On 13 April 2018, the Nuclear Energy Agency (NEA) launched The Full Costs of Electricity Provision .
Electricity production, transport and consumption affect every facet of life. Market prices and production costs account for an important share of the overall economic impacts of electricity. However, there has been growing recognition that the market value of electricity is not the whole story.
As currently constituted, the price of electricity in today's markets does not accurately reflect the costs of electricity on the society and the environment. As a result, decisions made regarding supply and future planning based on current market prices fail to capture all of the factors needed to ensure reliable electricity supply in the future.
The NEA has therefore synthesised the most recent research in this area. Adopting this approach would allow policy makers and the public to make better informed decisions along the path towards fully sustainable electricity systems.
William D. Magwood, IV, Director-General of the NEA, Matthew Crozat, Senior Director of Policy Development at the Nuclear Energy Institute (NEI), Kirsty Gogan, Co‑founder and Director of Energy for Humanity, and Jan Horst Keppler, Senior Economist at the NEA, provided a briefing on the key findings of this study. They then took questions on the most recent research on full cost accounting of electricity, in particular within the context of the energy transitions under way in OECD and NEA countries.