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On the subject of costs, we’re often told that nuclear is ‘too expensive’. I was pointed to this report by the UK government on the CfD auction for a variety of projects.
Mind that the ‘exorbitant’ Hinkley Point C is set at £92.50 per MWh. All prices are indexed at the 2012 Pound level.
I’m probably updating this with new posts as I come across them.
Greece electricity mix last 2 weeks
Prices hitting €800/MWh in the evening peak.
That's 5x the price of HPC.
Source: https://intermittent.energy/
A somewhat older stat, but the household electricity prices are regurlarly updated by Eurostat. These are the numbers for the second half of 2023.
Not only is there a stark contrast between France and Germany, but it strikes that of the top 9 most expensive countries 7 have no nuclear at all (Belgium is an interesting outlier).
"The best argument against nuclear power, maybe the only real argument, is that nuclear power is “too slow” to build and is “too expensive” to finance. Is this true? Or is it another myth, like glowing green goo, that needs debunking? Noted Nuclear Zaddy Kyle Hill finally digs into the economics of nuclear power."
Swiss energy office showing the low costs of nuclear in a paper released this month.
https://greennuclear.online/@collectifission/113102058421311426
DoE report on costs of nuclear energy.
https://greennuclear.online/@collectifission/113227101688111715
"In this paper we re-examine the drivers of cost escalation in France, based on construction costs taken from a recent report by the French Court of Auditors (i.e. Cour des Comptes). Using this information, we found that the cost escalation observed in previous studies was lower than argued. Our results indicate that the scale-up resulted in more costly reactors, but we also found evidence of learning effects from these same reactors. This finding shows that the standardization strategy adopted in the French nuclear programme has led to significant cost reductions."
https://econpapers.repec.org/article/aeneeepjl/eeep4-2-escobar.htm
"According to the study, Germany’s Energiewende, which focuses on shifting to renewable energy, has cost an estimated €387 billion in investments, with an additional €310 billion in subsidies, totaling €696 billion. By contrast, if the country had kept its existing nuclear plants operational and invested in new reactors, the estimated cost would have been only €36 billion, significantly less than the Energiewende policy."
Chart showing higher cost for kWh price the higher share it has in a national energy mix.
https://greennuclear.online/@collectifission/113767614176507853
Post showing how an equal about of 245 TWh is 130 billion Euros cheaper with nuclear than it is with offshore wind in Germany.
https://greennuclear.online/@collectifission/113747796460680312