Analysis of power plants competitiveness using stochastic methods

The paper describes the application of a stochastic method for comparing economic parameters of future electrical power generating systems including conventional and nuclear power plants. The input data for calculation are cost elements defined in the frame of certain limits of expected occurrence with a probability distribution within the limits. The method is applied to establish competitive specific investment costs of future nuclear power plants when compared with combined cycle gas fired units combined with wind electricity generators using best estimated and optimistic input data.