• Kyodo

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A government panel says in a draft report that nuclear power generation costs ¥8.9 per kilowatt hour when including expenses associated with nuclear accidents, higher than a 2004 projection of ¥5.9 per kwh.

The new estimate, calculated by considering the result of the catastrophe at the Fukushima No. 1 power plant, shows that nuclear power is still one of the cheapest energy sources, the panel said. But its draft report, released Tuesday, notes that ¥8.9 is the “minimum” cost of nuclear power as the total financial damages from a severe nuclear accident are still unclear.

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