I wonder where the costs went wrong? Was it an unexpected hike it the price of Uranium, or inaccurate estimates of the handling costs of nuclear waste?Hermit wrote:Also, predictions made in good faith, and in light of all the best information available at the time about what will eventually happen can be several magnitudes off the mark. In the early 1950s the designers of nuclear power plants prognosticated that the electricity generated by those plants will be so cheap that it won't be worth metering the consumption by domestic customers. Rather than go through the process of installing metering devices it will be more profitable to just levy a periodic service charge. And they had the figures to back their claim up with too.
... many a slip twixt cup...
Or maybe it's just that the price of gas and coal has kept far lower than they could have expected. Whatever, none of it is so cheap as to be not worth metering.
Anyway, metering will soon be so cheap, with smart meters, that it will always be worth metering. It's already done online, or by phone, by the customer, in the majority of cases these days, and it's computers, not people, that do the bills.
They could never have forecast that, in the fifties.