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Example

Ontario’s Bruce Nuclear Power Station

Ontario uses a contract for differences methodology to support lifetime extensions at the Bruce nuclear station. The price of the electricity output from the fleet of units is adjusted according to the expected cost of refurbishment each time a unit requires a lifetime extension. Once the cost has been agreed, any cost overruns are the responsibility of the generator.

Documents

  • Existing Examples

    FAO Report, An Assessment of the Financial Risks of the Nuclear Refurbishment Plan

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