3 ms·
> Nowhere in the world is nuclear subsidized per unit of production. Not true. Basically every nuclear plant ever built has been, if not directly financed by
by derriz 1y ago
> Nowhere in the world is nuclear subsidized per unit of production.
Not true. Basically every nuclear plant ever built has been, if not directly financed by government, backed a guarantee to purchase every MWh produced at a fixed (or index linked to inflation) price. Hinkley Point C - under construction in the UK - are guaranteed £92.50 per MWh produced (in 2012 prices index linked to inflation - so already this has risen to £133.81/MWh and the project is still years from operation). This guarantee lasts 35 years once the plant becomes operational. For comparison, current wholesale prices in the UK are roughly half this.
https://en.m.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_station https://en.m.wikipedia.org/wiki/Hinkley_Point_C_nuclear_powe...