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As gas fueled heating is phased out, most of Northern and Central Europe will get the same kind of seasonal demand as in Norway/Sweden. That is, much higher dem
by trashtester 4y ago
As gas fueled heating is phased out, most of Northern and Central Europe will get the same kind of seasonal demand as in Norway/Sweden. That is, much higher demand during winter.
There are very few places in Europe (outside of Norway/Sweden) where such long-term storage (sevel months worth) could be built at a competitive price. Currently, storage is usually counted in minutes to single digit hours, even in the optimistic plans.
So, barring some extreme breakthrough in storage technology, the only way to remove the reliance on fossil fuels, is to have significantly more plannable peak capacity than low season consumption.
In the case of nuclear, the main ways to bring prices down would be to create standardized and predictable regulations with a better thought out balance between the economic and health/safety costs, while also encouraging innovations and economies of scale to drive costs down in most other parts of the economy.
If costs could be reduced to €20-€40/MWh, some overcapacity would be ok.