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公益社団法人 日本経済研究センター Japan Center for Economic Research July 19, 2011 FY2020 Nuclear Generating Cost Treble Pre-Accident Level – Huge Price Tag on Fukushima Accident Cleanup – Tatsuo Kobayashi, Senior Economist Most observers now believe it will take several decades to clean up the accident at Tokyo Electric Power Company’s Fukushima Daiichi nuclear power station which took place in the wake of the Great East Japan Earthquake.1 “Impact to last Decade or more if Existing Nuclear Plants Ceasing”(http://www.jcer.or.jp/eng/research/pdf/pe(iwate.pdf), we estimated it would reach ¥5.7 to ¥20 trillion over the next ten years. Based on this estimate, we have calculated the estimated cost of electric power generation from nuclear plants. By fiscal year 2020 (April 1, 2020 – March 31, 2021), the generation cost of 1 kilowatt hour (kWh) of electric power from nuclear plants could reach ¥17, or about three times that of pre-accident levels (¥5.4 – ¥6.4). These results make it difficult to argue that nuclear energy has any cost advantages over renewable forms of energy, such as wind power. 1. Generation cost rising to ¥7 on accident cleanup costs The costs required to cleanup the accident at the Fukushima Daiichi nuclear power plant as indicated in the above proposal include the cost of decommissioning the reactors, as well as the cost of income compensation payments to residents evacuated from the twenty mile danger zone around the plant and the cost of buying up land within that zone. Our p