3 ms·
Indeed, the inelasticity is because of the physics. Nonetheless, common terminology in the industry is that the market is inelastic. Regarding nuclear power: i
by cosmic_quanta 2y ago
Indeed, the inelasticity is because of the physics. Nonetheless, common terminology in the industry is that the market is inelastic.
Regarding nuclear power: it is a great technology for the base load (edit: I mean firm power), but there's always going to be fluctuations in consumption, which needs to be met with fluctuations in generation. Grid interactive buildings can help mitigate this fluctuation.
- ViewTrick1002 2y agoDue to how much renewables many western grids today have the traditional ”baseload” is effectively zero nowadays. As shown by nuclear plants bidding negative so they don’t have to shut down.
- chickenbig 2y ago> the traditional ”baseload” is effectively zero nowadays Baseload is about the electrical demand, not the generation. The minimum demand across a period of time.
- cosmic_quanta 2y agoRight I get it backwards all the time. I meant firm power
- ViewTrick1002 2y agoExactly. And then OP goes and talks about ”baseload nuclear” like they can force us consumers to buy horrifically expensive nuclear power when renewables deliver said ”baseload”. Which is why I said ”traditional baseload”. In other words: our need for 100% uptime coal or nuclear plants.
- pjc50 2y agoReally it's the other way round: all the generators have safety trips and can disappear from the grid in a short time if required, but it's uneconomic to do so. Which is why you get things like wind farm curtailment payouts; they're part of the weird set of compromises between spot market and long-term (necessarily central!) capacity planning.