3 ms·
15-20 includes externalities (or politically caused delays) that are difficult to price. Building a nuke and running it while piling the waste in the parking l
by sbaiddn 4y ago
15-20 includes externalities (or politically caused delays) that are difficult to price.
Building a nuke and running it while piling the waste in the parking lot runs at less than 10 cents/kWh. Probably less than 8 cents.
- bobthepanda 4y agoAs a more solid data point, Hinkley Point C was built with an inflation-adjusted strike price of 9p / kWh in 2012. That's about 11p / kWh today, or $.13/kWh.
- epistasis 4y agoThat's not a data point, as it's still under construction. Usually it's best to double the initial cost estimate to get a realistic one.
- bobthepanda 4y agoThe strike price is the guaranteed price that British ratepayers and the government have guaranteed Hinckley. (The government will make up the difference if retail prices are lower.) It’s entirely possible its builders will go belly up and need even more bailing out, but that’s some years away.
- credit_guy 4y ago> The government will make up the difference if retail prices are lower … and pocket it if higher, right?
- bobthepanda 4y agoNope! It’s a price floor.
- credit_guy 4y agoIt's not a price floor [1]. If the wholesale price of power is higher than the strike price, then the operator pays the difference to the regulator. [1] https://www.jstor.org/stable/pdf/resrep14807.4.pdf https://www.jstor.org/stable/pdf/resrep14807.4.pdf