2 ms·
> Say you run Hinkley Point C [1] at a capacity factor of 50% because renewable crowd it out Very bad projection because: - Hinkley Point C, Olkiluoto 3 and E
by adev_ 4y ago
> Say you run Hinkley Point C [1] at a capacity factor of 50% because renewable crowd it out
Very bad projection because:
- Hinkley Point C, Olkiluoto 3 and EPR Flamanville are all prototype. Their CAPEX cost are not representative of industrialized Nuclear. As example, the production cost as expressed by the French ARENH is around 42-1€/MWh [1]
- Electricity price skyrocket when weather conditions make production of renewable impossible. This is where this kind of plant make a profit. [2] Your projection just fit a worst case scenario.
- At the current electricity price due to the Russian conflict, Some EPRs including the French ones are predicted to be cost effective in only few years.
[1]: https://www.enerdata.net/publications/daily-energy-news/frances-cre-proposes-raise-edf-power-sales-under-arenh-8-2023.html https://www.enerdata.net/publications/daily-energy-news/fran...
[2] https://www.bloomberg.com/news/articles/2022-08-16/german-power-prices-hit-fresh-record-as-gas-continues-to-surge https://www.bloomberg.com/news/articles/2022-08-16/german-po...