Comment by ViewTrick1002
4 hours ago
Which are paragraph after paragraph agreeing that nuclear power is inflexible, can’t meet a true grid load on its own without flexibility and that renewables craters the earning potential of both existing and new built reactors.
As EDF will be able to sell fewer and fewer hours at a profit we will likely see them crying for handouts to even maintain the existing plants. Let alone new builds requiring 18-24 cent/kWh average prices to cover the costs.
Who is agreeing that nuclear is inflexible? RTE real generation data is a direct proof it's false.
EDF needs no handouts for maintenance of their reactors. But I'm eager to see their profits evolution in 2026 H1 after arenh got ditched. There will be some govt loans for EPR2, but the amount is rather tiny if we compare to say German EEG fund.
The proposed subsidies for the EPR2 program is 11 cents kWh and interest free loans. Sum freely, but you end up towards 20 cents kWh.
Why always the German comparison? Who even brought up Germany Can’t the nuclear handouts stand on their own?
The EEG costs are quickly going down as expensive early projects are losing their subsidies.
Renewables and storage are built in massive amounts all over the world without subsidies.
Why this completely one sided focus on absolutely massive handouts for the electricity sector, which is already solved by renewables and storage for the 99% of the cases when we still need to decarbonize industry, agriculture, construction, aviation, maritime shipping etc?
It makes absolutely and sounds like a solution looking for a problem, with a bunch of people who can’t let go attached to it.
It is the fax machine of the internet age. It is time to let go.
Yes, epr2 will get some state loans and cfds, if approved by EC. I brought up Germany because it's a famous example of lots of subsidies going into transition/deployment
EEG costs are projected to rise per EWI because even though most expensive contracts are being over, it's paid more frequently. It's projected nr will reach 23bn/y.
"which is already solved by renewables and storage for the 99% of the cases" - it's not solved by far in Europe unless you add something on top, eg. Gas firming.
It's interesting to say nuclear is a fax machine in the internet age when nuclear is our youngest invention to extract energy while solar/wind/hydro are much older. Such arguments make no sense whatsoever