about MCM

Benchmarking, Costing and Financing

Nuclear waste management financing 

MCM was contracted to the University of Pretoria in order to provide a summary of nuclear waste management financing approaches around the world and summarise this through a benchmarking activity covering:

  • Predicted costs, actual costs and associated uncertainties
  • Financing options and evolution
  • Lessons learned, highlighting successes and failures

Working papers were authored and delivered to the University, providing them with guiding principles for the establishment of financing and funding structures for decommissioning and waste disposal programmes along with illustrative case studies highlighting cost components and associated uncertainties and an assessment of international national waste management fund management.

Business case for storage and disposal facilities in south Australia (2015)

The South Australian government has established a Royal Commission to assess the potential benefits of South Australia becoming involved in all aspects of the nuclear fuel cycle, including offering storage and disposal services to other countries.

MCM is working together with Jacobs Engineering on preparing a first business case indicating what the economic advantages might be.

Estimating the cost for disposal of UK New Build waste (2006)

MCM supported UK Government with advisory services and contributed to cost estimations for a range of scenarios to manage waste arising from New Build reactors. International (and UK) data was used to estimate UK disposal costs for the 2006 baseline radioactive waste inventory (CoRWM baseline) and then new build spent fuel disposal costs have been estimated as a proportion of these, thus showing the incremental cost to the UK of disposing of spent fuel from a new nuclear power programme. Owing to the ability to use existing international repository system designs, it is possible to make an estimate of UK costs by scaling to other national cost estimates, making some assumptions in the process. To do this requires identification of the most appropriate international data on waste disposal costs, using relevant disposal designs.

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