Generation of electricity is a complex business. When comparing different technologies there's more than one aspect to consider. This text will not address the capital expenditure amounts required to build the various types of power plants. It will focus on the costs of generation: operations, maintenance and fuel costs.
For example, while nuclear fuel overall generating cost is relatively inexpensive compared to other power sources such as fossil fuels, nuclear plants are still relatively expensive to operate. This is due to the high level of training required for nuclear plant operators, as well as higher costs of administration, he adds.
Let’s breaks down the real costs of various power generating methods including nuclear, fossil steam, hydro-electric, and gas turbine/small scale (the latter which includes photovoltaic and wind plants.)