Nuclear power is the highest cost source of electricity in LCOE terms [1]. We just need to look at Hinkly Point C ("HPC") in the UK. HPC was proposed in 2010, approved in 2016, began construction in 2018 and is scheduled to completion currently somewhere between 2029 and 2031 for the first reactor with the second following 1-3 years after (IIRC). From an initial cost estimate of 15 billion pounds in 2015, it's ballooned to 31-35 billion and may well exceed 50 billion [2][3].
The contracted price per MWh is linked to inflation and currently pushing 140 pounds, about 50% more expensive than offshore wind that could be built in a fraction of the time.
So there is a 35 year contract period for power but HPC has a lifespan of 60 years. What happens after? Market rates. Many will argue it'll get cheaper as the plant is paid off. If that's the case, why hasn't electricity from nuclear sources gotten cheaper as the existing plants have aged?
The answer is the same with any nuclear criticism: "this time it'll be different". Fukushima? "This time it will be different." Chernobyl? "This time it will be different." Spiralling costs? "This time it will be different." Massively delayed completion dates? "This time it will be different."
And we haven't even touched the negative externalities yet. That is, the uranium fuel cycle. Processing uranium ore produces waste. Using fuel rods produces waste. We don't really have a good solution for dealing with that waste. There's a lot of hand-waving about "just store it underground and centuries from now we'll hope they've figured it out". Storage, particularly for the first decade or more is not as easy as the hand-waving makes it out to be. It requires cooling ponds because the waste still produces significant heat. So you need infrastructure from that. UF6/UF4 from procesing aren't a solved problem either.
I will never understand why so many otherwise smart people keep trying to make nuclear happen in their minds.
[1]: https://en.wikipedia.org/wiki/Levelized_cost_of_electricity
[2]: https://www.world-nuclear-news.org/articles/edf-announces-hi...
[3]: https://www.telegraph.co.uk/business/2026/02/20/hinkley-poin...