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Lazard 2024, CAISO scenario: nuclear is cheaper compared to go with renewables + batteries (max 4 hours). It also does not take into account integration costs, such improving network connectivity.
It is quite ironic, because European Nordic countries do not want to build more network because of the crazy electricity spot prices that Germany has because of renewables. I live in Norway and no-one wants to further connect their electricity network to Germany, and the Swedish government blocked the construction of new connections. When Germany needs electricity, people in Oslo start to pay electricity even hundreds of times more, and when Germany has too much power from renewables, the energy price goes below zero, which means that German taxpayers are paying people from other countries to buy their discounted low value electricity, damaging the other producers. It is a terrible system, and it will only get worse without a good base load or accumulators that are not realistic for the foreseeable future. If Germany had a stable electricity production with renewables+nuclear, it would be beneficial to strength the network, which would indeed be beneficial to renewables.
If there is a place which clearly show how the fight against nuclear caused damaged is Germany: ~700 b€ between investments and subsidies to renewables, has very high emissions in the energy sector, while being dependent on Russian gas (costed ~1500 b€ in the last years) and France export of nuclear energy, high and unstable energy prices, that contributed to an industrial crisis that made France more attractive (where electricity is cheap and stable), while still failing at reaching climate targets.
The alternative would have been to keep the existing reactors open, build new ones, for a grand total of ~36 b€.
Source: doi.org/10.1080/14786451.2024.2355642
The belief that renewables+batteries alone are the only solution (even in hard to abate sectors) is not supported by real world data, nor by simulations. IPCC scenarios clearly shows that there is the need of a nuclear+renewable mix to meet the climate targets. The report from JRC recommends the same.
Historically, German citizens have chosen to be reliant on fossil fuels and highly subsidized electricity to not use nuclear energy. I just hope that at Germany will stop blocking nuclear at the EU level if other countries have different opinions on that and rather prefer not to follow the demise of the German energy policy.
CAISO, 1st column, 1st bar: - blue is the cost of solar - beige is the cost of firming intermittency using gas
CAISO, 2nd column, 1st bar: - blue is the cost of solar+battery (max 4 hours) - beige is the cost of firming intermittency using gas
Using batteries improves the ELCC (contribution to meet peak demand), but it is not enough, so it has to be compensated somehow. Want to get a higher ELCC? Get a larger battery (and install more solar panels). Be aware, this is not a linear relationship: getting from 10 % to 20 % of renewables is cheaper than getting from 70 % to 80 % (this is why the costs are lower when the penetration rate shown in the slide is low). You reach a point where you just waste energy or need to pay to use it, like in Germany, Netherlands or Denmark.
There is no best energy source. There are different networks, energy mixes, needs, etc. Under CAISO, it is just more convenient to go with nuclear. Under SPP, solar has a very high ELCC and a very low penetration, which makes it convenient just to install solar, but up to which percentage?
Overall, some mix of renewables and nuclear, depending on the network, seems a reasonable solution. Otherwise we would need to go with fossil power plants to meet the remaining demand (carbon capture seems wishful thinking) or to over provision renewables while building incredibly large storage systems (be aware that there are places where fluctuation are not on a daily or weekly basis, but on a seasonal basis - good luck storing the energy for ~3 months using lithium ion batteries because you live in a polar region).
The book "How to avoid a climate disaster" (Bill Gates) has a chapter just for that. I would recommend it.
EDF got loans from banks and money on the market, based on the fact that investors thinks it is a good investment. That is economics 101 and holds true for all publicly traded companies. The numbers are freely available on the internet, as prescribed by the law for all companies listed.
The debt also went down in 2023. It is worth to remember that EDF is forced by the French government to sell cheap energy, below market price, to protect consumers from rising energy prices (caused by the high reliance of other countries on natural gas from Russia - like Germany that phased-out nuclear in the meanwhile).
Nuclear is also treated differently from renewables when it comes down to low-emission investments by the various EU investment funds, and cannot compete in bidding rounds together with renewables (which drives the prices up, as there is way more demand than offer, so it makes no sense to compete). If the EU commission decides that there should be technological neutrality on low-emission power plants, EDF would be in a quite good position.
If you are so sure that EDF will not be able to finance its debt or build new reactors, you can bet against it by short it and, if your analysis is correct, make quite some money.
In addition to that, there are additional costs (integration costs) that are not considered in LCOE; for example, you can build PV power plants in sunny places, but that might not be where the electricity need is, so the network should be upgraded as well. All these costs are highly dependent on the penetration of intermittent sources and on the grid, and this is why the price of the electricity can be very different from the cost of electricity. I can produce electricity very cheaply, but maybe no one needs that. This is why Germany sometimes have negative prices, so it actually pays with subsidies the consumption of energy in neighbourhood countries, and then the price can skyrocket, which is why Sweden recently blocked a new connection towards Germany, "where the electricity market today does not function efficiently" (Energy Minister Ebba Busch).
price of energy production != cost of energy
Lazard 2023 estimates that solar and wind in the California grid costs 2/3 times more than when just considering the LCOE. Solar and wind production can be cheaper, but the final price is way higher.
"There’s a new tool in systemd, called “run0”. Or actually, it’s not a new tool, it’s actually the long-existing tool “systemd-run”, but when invoked under the “run0” name (via a symlink)".
systemd-run is very useful to run tasks with specific cgroups settings, or at a specific time. It asks for password whenever needed.
"We haven’t opened ordering in your region yet, but we’re looking forward to getting there!"
This is definitely illegal inside the European Economic Area, but I guess they are not aware of that. It is allowed not to ship to a specific area in some cases, but not refuse to sell entirely based on the country.
If there is someone from Framework Computer Inc. reading this message: you do not need to comply with any local law if you are not targeting a specific country inside the European Economic Area; you just need to follow the EU rules. Therefore, it does not make any sense to prevent people from a specific EEA country to buy your products (and that is illegal as well). Please fix it! :)
Maybe I do not feel it like a big issue, since many Latin languages use it a single word (such as Italian with eccetera, Spanish, Portuguese), due to the evolution of the language.
This does not invalidate IPCC or JRC reports on nuclear power, nor the scientific papers, or the fact that there are various pro-nuclear environmental movements and political parties that are transparent about their funding and relations. Nuclear is more popular between younger people that are more worried about climate change than the effects of Chernobyl nowadays.
Denmark's renewables are highly subsidized, construction is quick (which means short-term loans), so it should not impact so much on energy prices. Finland has built the first-of-a-kind highly delayed EPR 3 reactor Olkiluoto 3, and the electricity prices felt sharply nonetheless.
I do not see the reason why decommissioning costs should make electricity more expensive in the future, because the owner has to pay and prove that the decommissioning will be done even if the company goes bankrupt (by allocating funds in advance or by providing an insurance).
This is not to say that a solution is better than the other: it is always a matter of finding a good energy mix for a network. France is investing in energy efficiency and renewables as well.
The interesting data you linked clearly shows the problem with high mix of renewables: even if the average wholesale price is the similar, the final cost can be way higher because people need electricity at 6 PM and not so much at 4 AM, and the costs of a more unstable system are higher (such as delivery costs). Similar production price, totally different value. That is the difference between LCOE and the costs estimates which include other factors, such as the firming intermittency price estimations published in Lazard 2023.
The similar patter you see in oil and gas could be because of taxes, but the difference is below 10 %, not 200 %.
Nuclear is insurable, and in some countries is mandatory: https://www.world-nuclear.org/information-library/safety-and...
Fairphone 4, which should support DP over USB-C, but I do not have a USB-C to DP cable at the moment to try. Thanks for your suggestion :)