3 ms·
> Nuclear power is more expensive per KWh than renewables. You state this as fact but it seems to actually be pretty contentious. Wikipedia lists [0] many stud
by Youden 5y ago
> Nuclear power is more expensive per KWh than renewables.
You state this as fact but it seems to actually be pretty contentious. Wikipedia lists [0] many studies and the estimated costs of nuclear vs. renewables vary pretty wildly.
Of the global studies that considered nuclear, OECD NEA and IPCC both list nuclear as cheaper than solar and similar to onshore wind, while Lazard is quite favourable towards renewables.
Of the regional studies, on the positive side, France found nuclear cheaper than anything but hydro and Japan (pre-Fukushima) found it about half the price of solar or wind.
Of the regional studies, on the negative side, the UK found it marginally more expensive than solar, much more expensive than onshore wind and much marginally less expensive than offshore wind and the US EIA found it to be one of the most expensive options there were.
So the estimates vary pretty wildly, it's not an accepted fact that nuclear is more expensive than renewables.
Personally, I trust France, as they actually have large-scale nuclear power.
[0]: https://en.wikipedia.org/wiki/Cost_of_electricity_by_source https://en.wikipedia.org/wiki/Cost_of_electricity_by_source
- pfdietz 5y agoThe OECD NEA numbers seem to assume the same interest rate for nuclear as for renewables. This is not a fair comparison, since nuclear builds are riskier and require a higher interest rate to account for the risk. Giving them the same rate is putting a thumb on the scales.