Question

Reliable: Nuclear reactors provide base-load power and are available over 90% of the time. In the USA, these improvements over the years have been the equivalent of adding one reactor a year to the existing fleet. Most reactors are designed for a life of 40 years; many are reaching that age in good condition and extensions of 20 years have usually been granted. Competitive: The cost of nuclear power is competitive and stable. The cost of nuclear fuel is a small part of the price of a nuclear kilowatt-hour, whereas fossil fueled power, especially oil and gas, is at the mercy of the market. Inexhaustible: Uranium is found everywhere in the curst of the Earth - it is more abundant than tin, for example. Major deposits are found in Canada and Australia. Eventually we will be able to recover uranium from sea water where 4 billion tons are dissolved. Compact: A nuclear power station is very compact, occupying typically the area of a football stadium and its surrounding parking lots. Solar cells, wind turbine farms and growing biomass, all require large areas of land.

According to the passage, how is nuclear power beneficial to the economy and the individual citizen's budget?

Nuclear power plants are designed to last 40 years or more


Uranium is abundant throughout the world leading to higher supplies and lower costs


Nuclear facilities can efficiently fit into smaller space than wind and solar farms


Nuclear fuel is highly competitive leading to lower prices and better quality product

Answer 1

Based on the information in the passage, nuclear power is beneficial to the economy and the individual citizen's budget in several ways:

Nuclear reactors provide base-load power and are available over 90% of the time, which means they can provide a reliable and consistent source of electricity for consumers and businesses.

The cost of nuclear power is competitive and stable compared to fossil fuels, which are subject to market fluctuations. This can lead to lower energy prices for consumers and more predictable costs for businesses.

Uranium is abundant and can be found in many parts of the world, which can help ensure a stable supply and lower costs for nuclear power.

Nuclear power plants are compact and efficient, occupying a relatively small footprint compared to other types of power generation facilities such as wind and solar farms. This can help reduce land-use requirements and potentially lower costs.

Overall, the passage suggests that nuclear power can offer several economic benefits, including reliability, cost-effectiveness, and efficiency.