Comment by mpweiher
8 hours ago
Most expensive electricity in the contiguous United States. By quite a margin.
By contrast, Georgia, which has to pay for the "disastrous" Vogtle 3/4 nuclear construction project, pays less than half that.
Remember: disastrous nuclear projects are significantly better than renewable successes.
Supply costs have surprisingly not that much to do with Californias silly electric rates. They load into the retail rates all kinds of disaster recovery costs, environmental blah blah costs, distribution upgrades, social programs, the list goes on. Plus straight old fashioned corruption in a state sponsored monopoly.
You can get some idea of the BS that gets loaded in by comparing some rates from municipal grids like SMUD vs pg&e. Same supply, fraction of the end user rate.
Anyway, that is to say theres very little useful to draw on here in comparing nuke to renewable cost.
GA resident here. Let's not close the books on Vogtle yet, as our electricity rates are also moving up quite significantly. Let's get to a steady state before we declare a cost win.
IIRC our rates are up ~30% since 2024, and our electricity prices are 5th highest in the nation. I need to underline that this is in one of the lower-wage states in the country, with few state-level labor protections.
Also: the finances on Vogtle were sufficiently bad that they led to a rapid run-up in consumer electricity rates that generated political fallout. First: two members of the Public Service Commission lost their seats to Democrats, who do not generally win statewide races here. Second: the Federal government has had to specifically loan money to the operator to subsidize consumer rates. The Federal government could equally subsidize California rates down to the average or below if it so desired.
That's part of why the shift to renewables. I have a 12kw system on my roof and I pay $220 in December and get $150 back in July.
The economics are getting interesting cause now you can get a 2kw hr battery for like $350 and plugin 400 watts of panel into it and run at least a laptop and basics peripherals forever so the draw on the grid is gonna diffuse over time.
Electricity is cheap in Georgia because Georgia is generally not a desirable state for business. Electricity, along with a lot of others things, is expensive in California because it's California. There's a lot of talent in California, a lot of inertia, and a huge economy.
12 Billion in loan guarantees doesn't get paid in bills and isn't an accounting trick that costs nothing: https://www.cbo.gov/publication/60682
That's a really big and generic article.
What are you saying this loan guarantee cost?
https://www.energy.gov/articles/energy-department-announces-...
Basically -- Vogtle drove our power rates up so quickly that the federal government had to step in and subsidize rates.