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> Because nuclear is enormously expensive and has always been subsidized by taxes or ratepayers. Pretty much all modern electricity has been subsidized massive
by panick21_ 4y ago
> Because nuclear is enormously expensive and has always been subsidized by taxes or ratepayers.
Pretty much all modern electricity has been subsidized massively.
As for nuclear being expensive. France built its initial fleet in 15 years, the debt of those programs was commercially financed and was paid of over the next 30-50 years. During that time virtually all French people also paid a very low amount of avg cost for their electricity.
Modern coal can actually use modern turbines and those would certainty not be un-competitive with free fuel.
Modern nuclear can do the same.
And PWR nuclear over long term, as it can exist for 60-100 years actually delivers stable energy, if that was currently priced in to current market, it would actually make sense.
If you had to rebuild a huge grid today, from 0 to say 1000TWh. Nuclear is the nobrainer solution still, even with PWR.