I dare says wobs will complain that if we built enough tidal, we'd be "forced" to sell the excess and make a profit.
Selling cheap as we have too much
Selling cheap as we have too much
Irrelevant really. The important aspect is what sources are needed. If needed cost comes secondary.Perhaps @andy11 can use his mighty intellect to find the evidence that nuclear is NOT the most expensive power source.
It will be interesting to watch him try
That hasn't aged well has it.
Actual cost of nuke relates to service life. That has been extended and maybe even more. France has been looking at that. The sting in the tail is decommissioning. Continuously calculated and added to the usage costs. I wonder where they put the money, Maybe they build more and use the income to decommission others. Even buying gold isn't foolproof.That hasn't aged well has it.
Selling cheap (or worse), and then having to buy at a much elevated rate when demand is high (& no wind) is not making a profit, as I already explained. I'm not sure I can make it simpler.I dare says wobs will complain that if we built enough tidal, we'd be "forced" to sell the excess and make a profit.
The conclusions are not specific to Virginia, they are generically true for all markets where fossil fuel based generation is being displaced by subsidised intermittent renewables. The study points out that the LCOE (Levelised Cost of Energy, which reflects the cost of generating electricity from different types of power plants, on a per-unit of electricity basis over an assumed lifetime and quantity of electricity generated by the plant) for renewables is higher than for fossil fuel generation once the costs of backing-up their intermittency is included, something many analyses including the ones used by BEIS, fail to include. Cost comparisons should reflect the costs of delivering reliable electricity to end users, ie the cost to meet demand, so ignoring intermittency invalidates these
Hinkley:
Current strike price 106.12£/MWh
Offshore:
The offshore projects landed CfDs at a strike price of £37.35 per megawatt-hour,
Which is lower?
HPC will spend 35 years selling at £95 per MWh.Actual cost of nuke relates to service life. That has been extended and maybe even more. France has been looking at that. The sting in the tail is decommissioning.
Addressing the high real cost of renewable generation
It is often claimed that renewable energy is cheap and will get cheaper as costs fall. Yet the prices paid by consumers have risen steadily.watt-logic.com
The boss man has a big car"
Offshore:
The offshore projects landed CfDs at a strike price of £37.35 per megawatt-hour,"
What would it actually cost US if WE owned and ran it, and didn't have to pay for another company/country's profits?
That's 3.735 p/kWhr. So why is power so £££?
Even HPC is less than 10p.
It's just regurgitating Gordon Hughes theory that it's all a pyramid scheme.Addressing the high real cost of renewable generation
It is often claimed that renewable energy is cheap and will get cheaper as costs fall. Yet the prices paid by consumers have risen steadily.watt-logic.com
Distribution, grid management and balancing, overheads and so on."
Offshore:
The offshore projects landed CfDs at a strike price of £37.35 per megawatt-hour,"
What would it actually cost US if WE owned and ran it, and didn't have to pay for another company/country's profits?
That's 3.735 p/kWhr. So why is power so £££?
Even HPC is less than 10p.