Re: Are Renewables Cheaper than Nuclear?
Posted: Mon Sep 23, 2019 6:58 pm
This may be related to something Brimstone Salad said: This is from the BBC's energy briefing page 171 (copy and pasted):
•
The National Audit Office ( has estimated that lower electricity prices would result if government assumed
some or all of the construction and financing risk of nuclear power
•
The current deal with EDF for Hinkley Point C sets the wholesale price for electricity from nuclear generation at
9 p/kWh
•
NAO analysis shows substantial saving in the electricity cost of nuclear in all but one scenario
•
if government were to take all the construction and financing risk of nuclear power, the NAO predicts that
the wholesale price of electricity would be over 50% lower at 4 p/kWh
•
only in a scenario where the private sector bears all the construction and financing risk of nuclear is the
wholesale price of electricity expected to increase to 14 p/kWh
to get to USD x1.24, to get to Euro x1.13 on the above
•
The argument for transferring risk to the government is that it would be fairer poor consumers would benefit at
the expense of richer tax payers
•
The government is already considering this idea
•
The National Audit Office ( has estimated that lower electricity prices would result if government assumed
some or all of the construction and financing risk of nuclear power
•
The current deal with EDF for Hinkley Point C sets the wholesale price for electricity from nuclear generation at
9 p/kWh
•
NAO analysis shows substantial saving in the electricity cost of nuclear in all but one scenario
•
if government were to take all the construction and financing risk of nuclear power, the NAO predicts that
the wholesale price of electricity would be over 50% lower at 4 p/kWh
•
only in a scenario where the private sector bears all the construction and financing risk of nuclear is the
wholesale price of electricity expected to increase to 14 p/kWh
to get to USD x1.24, to get to Euro x1.13 on the above
•
The argument for transferring risk to the government is that it would be fairer poor consumers would benefit at
the expense of richer tax payers
•
The government is already considering this idea