Economics of nuclear power plants to the extent of 3.4 billion pounds. In general, coal and nuclear plants have the same types of operating costs (operations and maintenance plus fuel costs). However, nuclear has lower fuel costs but higher operating and maintenance costs. Nuclear plants require fissile fuel. Generally, the fuel used is uranium, although other materials may be used (See MOX fuel). In 2005, prices on the world market for uranium averaged US$20/lb (US$44.09/kg). On 2007-04-19, prices reached US$113/lb (US$249.12/kg). On 2008-07-02, the price had dropped to $59/lb. Fuel costs account for about 28% of a nuclear plant's operating expenses. As of 2013, half
Pellet fuel #2 Fuel Oil produces 138,690 BTU. Thus if #2 Fuel Oil delivered costs $1.90/Gal, the breakeven price for pellets is $238.00/Ton delivered. Usage across Europe varies due to government regulations. In the Netherlands, Belgium, and the UK, pellets are used mainly in large-scale power plants. The UK's largest power plant, the Drax power station, converted some of its units to pellet burners starting in 2012; by 2015 Drax had made the UK the largest recipient of exports of wood pellets from the US. In Denmark and Sweden, pellets are used in large-scale power plants, medium-scale district heating systems, and small-scale