The report shows that halting construction on the fourth nuclear power plant and allowing the three other plants to be decommissioned as scheduled would cause real gross domestic product (GDP) to contract by NT$94 billion (US$3.1 billion) while some 19,464 jobs would disappear.
The economic damage would be the end result of a rise in electricity prices and the subsequent impact on local industries, the report says.
If the fourth nuclear plant is completed, it will cost about NT$2 per degree of electricity generated, including operating fees, it says. That's lower than the NT$2.5-per-degree cost that a coal power plant would incur and much lower than the NT$4.7-per-degree cost of natural gas power generation.
If the plant is not completed, the cost of electricity from extra coal plant production could rise NT$0.04 per degree, assuming that electricity sales reach 230.6 billion degrees in the year 2018, the report says. The cost would surge by NT$0.23 per degree if extra natural gas plants were used instead.
By the year 2025, this could cause national income to contract by NT$134.5 billion while economic growth would drop by 0.58 percentage points, it adds.
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