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> So I would expect to see countries with higher share of solar generation and less nuclear would have lower wholesale electricity prices than ones with less so
by Someone 4y ago
> So I would expect to see countries with higher share of solar generation and less nuclear would have lower wholesale electricity prices than ones with less solar and more nuclear?
The costs for existing tech partly are sunk costs. Electricity will get produced as long as the price paid is above marginal costs.
The market for electricity also is international. There’s no need for an electricity producer in a country to sell its electricity inside that country. In Europe, there’s a single grid stretching from Portugal to Turkey, from Denmark to Algeria (https://en.wikipedia.org/wiki/Synchronous_grid_of_Continental_Europe https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta...), with additional DC links to the UK, Scandinavia and the baltics.
And yes, there will be losses for long-distance connections, so electricity will be mostly consumed ‘near’ to where it’s produced, but any effect of different mixes of electricity sources will be diminished.