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> If nuclear was an easy solution the French reactors would be running. To me the French nuclear situation is just another example of why privatizing public in

> If nuclear was an easy solution the French reactors would be running. To me the French nuclear situation is just another example of why privatizing public infrastructure is an exceptionally stupid idea. In the free market, the consequences of failing to perform long-term infrastructure maintenance is a negative externality, and so it doesn't get done.

Gwypaas 4y ago
Good then that the French nuclear reactors are to 84.5% owned by the French government. It is currently being renationalized due to facing bankruptcy. > On 6 July 2022, French prime minister Elisabeth Borne announced that "the French government is aiming for a full nationalization of" EDF.[31][55] Borne "vowed" to limit the impact of the rise in energy prices through the state having "full control over...electricity production and performance.” Borne told parliament, "we must ensure our sovereignty in the face of...the colossal challenges to come."[56] Earlier in 2022, President Emmanuel Macron had "suggested" a renationalization of EDF as well as a "big expansion of nuclear energy in the coming decades"[57] however, in 2021, he had to scrap an "overhaul" of EDF, codenamed "Project Herculesl," that would have placed EDF's profitable renewables sector in a new company, due to opposition by unions and objections raised by the European Commission.[58] https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_France https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_Franc...
- ElKrist 4y ago
  When your main stakeholder (French State) forces you to sell your production way below market rates to your competitors, leaving you with a 8bn€ loss for 2022, it's no surprise EDF struggles financially [1]. For context, this measure was an effort to help competitors not rise their prices too much for the end consumers. Instead of taking the money from its budget, the State took it from EDF's. [1] https://www.edf.fr/groupe-edf/espaces-dedies/journalistes/tous-les-communiques-de-presse/mesures-exceptionnelles-annoncees-par-le-gouvernement-francais https://www.edf.fr/groupe-edf/espaces-dedies/journalistes/to...
  - Gwypaas 4y ago
    It would be kinder to view the French nuclear industry as a subsidy enabling a skilled workforce for the military side and their nuclear submarines, carriers and weapons. In that view it all makes sense, especially that the government still does not publish how much it costs to generate the electricity. Only the subsidized rates the public pays.

Gwypaas 4y ago

Good then that the French nuclear reactors are to 84.5% owned by the French government. It is currently being renationalized due to facing bankruptcy. > On 6 July 2022, French prime minister Elisabeth Borne announced that "the French government is aiming for a full nationalization of" EDF.[31][55] Borne "vowed" to limit the impact of the rise in energy prices through the state having "full control over...electricity production and performance.” Borne told parliament, "we must ensure our sovereignty in the face of...the colossal challenges to come."[56] Earlier in 2022, President Emmanuel Macron had "suggested" a renationalization of EDF as well as a "big expansion of nuclear energy in the coming decades"[57] however, in 2021, he had to scrap an "overhaul" of EDF, codenamed "Project Herculesl," that would have placed EDF's profitable renewables sector in a new company, due to opposition by unions and objections raised by the European Commission.[58] https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_France https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_Franc...

ElKrist 4y ago
When your main stakeholder (French State) forces you to sell your production way below market rates to your competitors, leaving you with a 8bn€ loss for 2022, it's no surprise EDF struggles financially [1]. For context, this measure was an effort to help competitors not rise their prices too much for the end consumers. Instead of taking the money from its budget, the State took it from EDF's. [1] https://www.edf.fr/groupe-edf/espaces-dedies/journalistes/tous-les-communiques-de-presse/mesures-exceptionnelles-annoncees-par-le-gouvernement-francais https://www.edf.fr/groupe-edf/espaces-dedies/journalistes/to...
- Gwypaas 4y ago
  It would be kinder to view the French nuclear industry as a subsidy enabling a skilled workforce for the military side and their nuclear submarines, carriers and weapons. In that view it all makes sense, especially that the government still does not publish how much it costs to generate the electricity. Only the subsidized rates the public pays.