These solar projects are good to start as they could empower more african nations with cheaper electricty. We just need more electricity everywhere if were going to drop the reliance on oil.
Specifically, the power price across the UK is the same everywhere. However, there isn't infinite transmission capacity. So, if you generate power in one place, but the power network cannot transport it, you get told not to bother producing it, but you still get paid, and you get paid compensation on top.
You know what's better than producing power... being paid to produce power, paid extra compensation, and then not need to actually have those wind turbines spinning (so much reduced maintenance too!).
The government is delaying lots of permits till they can figure out how to change these perverse incentives... Needless to say, the wind industry isn't happy about the fact they might no longer get paid such large amounts, so they're demanding the old scheme be kept in place for existing producers for 25+ years, and having the new pricing rules only apply to new builds...
Have a look at the regions in for example Sweden which face similar bottlenecks in transmission capacity from north to south.
https://www.aemo.com.au/Energy-systems/Electricity/National-...
Australia and California are the poster children of why renewables are terrible for an electricity grid once they get past 10% of generation.
"brown outs on hot days" is straight up propaganda.
And at least having different pricing regions means that it's not investing in building useless generation where there isn't the demand or transmission capacity to move it to where it's required!
https://www.9news.com.au/national/energy-shortage-explainer-...
You're right. They just had to nationalize the market last year. The brownouts were the year before that.
The last major power outages to do with the grid were a couple of years ago here in Queensland when a large coal unit (Callide C unit 4) literally blew up, instantly taking a a bit over 800 MW of generation off the grid. Took like three hours to get large parts of the state back on. A year or so before that there was some minor load shedding in Victoria when two coal plants were down for unexpected maintenance over a heat wave (and I think another one or two tripped out in the heat) - and actually solar and wind from other states helped minimise that. Then there was the big one, where massive storms in South Australia took out transmission lines and a bunch of generators (including some wind farms) tripped off. Of course, despite being caused by the storm destroying transmission lines, the right wing did blame the wind farms for it...
I was a quant for one of the top 3 largest electricity retailers in Australia. A wonderful market where you take everyone's money as long as you call it green. It was shocking to see the liberal government tell the truth about renewables while labor and the greens are lying/in denial about them.
The market failure which required this extraordinary action was primarily the interaction of a particular cap price with two problems, both fossil-fuel related: the large increases in price of natural gas and coal due to the Ukraine war, and coal supply problems at several generators due to widespread east coast flooding resulting under the influence of La Niña . Most Australian gas and black coal is exported, so the domestic market is exposed to the internationally traded price. The gas prince increase in particular was so severe that the short-run marginal cost of gas electricity generators was above the administered price cap value. The widespread flooding also, somewhat ironically, constrained the output of some hydro generators as well, because there was no capacity downstream for more water release.
Certainly there are strong market design lessons from this, but they're around price caps and bidding behaviour. They're unrelated to the regional or nodal pricing concept which this thread was about (and there isn't really a renewable energy angle on this either).
Still don't know what brownouts you're referring to, and I follow the NEM pretty closely.
I say "most of" as South Australia is showing how it can be done, with over 70% of its energy coming from renewables whilst not being blessed with hydro [1].
[1] https://reneweconomy.com.au/south-australia-grid-with-the-mo...
You mean like putting in the worlds largest battery?
https://en.wikipedia.org/wiki/Hornsdale_Power_Reserve?useski...
You're reaching levels or reality denial I've only seen in republican administrations projections about peace in the middle east.
I know I just don't understand the details but I'm always kinda confused about how hard it seems to be to dump excess power off the grid. Is it just really hard to build something that can use enough power even when it doesn't need to do any useful work?
It's just easier to not produce it. The issue with building up the grid is investment, but there is little marginal cost to turn off an existing plant.
This would presumably amount to building a slightly shorter but nevertheless very long cable on/under land. And I think it's much easier to just drop a cable under the sea than it is to dig and bury it under the ground or build pylons to carry it above the ground.
If you need to upgrade most of the links along the way, then building the longest possible cable at sea makes sense.
There might also be plans to tap off this cable to feed into portugal, spain, france and ireland along the way - that allows the cable to also take the role of some of the local transmission grid
Here is a crazy idea: don't put all your eggs in one basket. Try to do both.
This project only addresses 8% of UK needs, plenty of room for other sources in the portfolio.
How is this a bad thing?
If you shut down or reduce power at all, you essentially have to wait two days to turn back on.
There’s a decay chain of isotopes that only stick around a couple of days which are normally burned off by neutrons when the reactor is running which build up when you turn the reactor off. They eat up neutrons making the rector much harder to control until they decay naturally. In order to restart the reactor you essentially have to double the output for a while and slowly very carefully reduce it at just the right rate… and if you make mistakes the reactor melts down.
This xenon poisoning was part of the Chernobyl disaster where operator actions and mistakes causing it and then their responses and mechanical failures led to the meltdown.
Rectors are just not designed to do this because it’s too risky and complicated to be worth it. So when you stop the reactor it just stays stopped for a couple of days. Similar for any throttling down which I understand is done carefully in some circumstances but absolutely not continually to respond to demand.
The capex is so high and fuel cost so low it just also doesn’t make economic sense to ever turn down your reactor. Or you have to be overproducing to the extent that there is a significant negative price for electricity for quite a while before the cost makes sense.
"French utility EDF began making its nuclear plants more “maneuverable” in the 1980s, and today it says a 1,300-MW reactor can increase or decrease its output by 900 MW within about 30 minutes."
> The capex is so high and fuel cost so low it just also doesn’t make economic sense to ever turn down your reactor. Or you have to be overproducing to the extent that there is a significant negative price for electricity for quite a while before the cost makes sense.
Sure, the price of power has to temporarily go negative to be worth it in a market-based system. I don't know about "significant" though. That's not a problem for grid stability, it just means your cost/benefit calculation gets more complicated.
Given that most countries don't have a source of uranium, I don't see how this is any better from a geopolitical security perspective.
Building them is also unfortunately a many decades long endeavor so we need shorter timeline solutions to bend the curve of climate change. I think a lot of environmentalists have also been burned by long term projects that sit in planning and approval hell for years to decades then get cancelled or funding redirected when a new administration decides to try to make their mark on a project. A similar thing has hampered NASAs Moon and Mars programs where options are pursued and cancelled constantly. SLS is not the first plan for a Moon return NASA has worked on for years it's just the first one that managed to spread the pork around enough to avoid cancellation.
That’s only true now. We used to build them in a few years.
15 countries mining it currently: https://en.wikipedia.org/wiki/List_of_countries_by_uranium_p...
There are also more countries with estimated reserves: https://en.wikipedia.org/wiki/List_of_countries_by_uranium_r...
While an undersea cable requires continuous operation and the agreement from a single country where it starts. If they suddenly decide for whatever reason to turn it off (say they're short of electricity) then the supply is immediately stopped.
https://world-nuclear.org/information-library/nuclear-fuel-c...
UK (and France) already have the bomb; going renewable here rather than nuclear has nothing to do with proliferation. I don't see how (for the UK) it's anything except people's feelings are hurt by nuclear power plants.
For the rest of Europe maybe it's about proliferation. And maybe economies of scale make tagging along cheaper than local nuclear for Britain.
https://en.wikipedia.org/wiki/Flamanville_Nuclear_Power_Plan...
https://www.eia.gov/electricity/monthly/epm_table_grapher.ph...
Plus, this is the total cost including transmission and distribution, which is roughly half the retail cost. Generation costs average less than $70/MWh, including expensive peaking power in the average.
You want to compare the £150/MWh to generation costs of the alternatives in the UK, which are a fraction of £150.
I'm all for renewable or nuclear energy, whatever's cheaper/strategic. As long as it's not burning fossil fuels.
Maybe Rolls Royce will figure out cheap SMR nuclear, but that won't deploy until late 2030s, I would guess, if it does work.
We are fortunate to have good carbon free alternatives to nuclear, after decades of hard work by renewable technologists. It's real tech.
That deal is starting to look pretty good for the government...
It looks like the market doesn't expect russian gas to ever return.
Was there a contract change?
Hinkley Point C was originally quoted for £16 billion in 2012, which rose to £20.3 billion when construction started in 2017. It has been under construction for 6 years, they are 3 years behind schedule, and the cost is up to £32.7 billion.
Sizewell C is allowed to start construction and was scheduled to do so in 2021, but they haven't been able to finance it. Moorside was cancelled because Toshiba pulled out of the project, and Hitachi pulled out of the Wylfa B and Moorside plants leading to them getting shelved.
Not to mention that they are very controversial from an economic perspective. Hinkley Point C has a strike price of £92.5/MWh, while recent offshore wind projects have a strike price of £39.65/MWh.
In practice this means the consumer will end up paying to turn off wind turbine in order to run nuclear. It just doesn't make economic sense.
I think that there was a narrow window in time where labor costs were low enough for nuclear to make sense, but in more advanced economies, highly labor intensive energy sources, as required by nuclear construction, are no longer viable. Advanced manufacturing capabilities have eclipsed construction technology.
The UK, for example, imports nearly half of its food.
Versus going across international borders for most other aspects of their economy? if the UK stopped international trade it would completely collapse anyway.
(That, and nuclear weapon ambitions.)
https://www.sciencedirect.com/science/article/abs/pii/S03014...
The conclusion of this study isn't that France made a costly mistake, it is that it is extremely delusional to forecast ever-increasing efficiency gains when deploying a new technology.
I wouldn't be surprised if the very same lesson was learned by countries planning to go full-renewable.
* Research costs, which are partly funded by private companies and partly funded by the state. These projects currently don't focus on the current infrastructure but on potential new projects. Same as any domain, before a new industry can exist, there's research to be done. With about 784M€ [2] in 2013, that's just under 2€ per MWh. Spending was always within that order of magnitude ever since 1957.
* The surveilance authority is publicly funded, just like any regulatory body. In 2013, it cost about 217M€ [2] which is about 0.5€ per MWh.
So, as you can see, the money spent by the state on nuclear energy in 2013 barely registers compared to the power produced by nuclear plants the same year.
[1] https://www.ccomptes.fr/sites/default/files/EzPublish/themat...
[2] https://www.ccomptes.fr/sites/default/files/EzPublish/201405..., p. 135-146
> A price cap on energy for French consumers hit EDF profits hard but so did the enforced closure of many of its of nuclear power stations for repairs.
> The losses are the third biggest in French corporate history and the worst for more than 20 years.
> EDF's debts have spiralled to €64.5bn.
That's peanuts for decades of cheap energy for tens of millions of people and businesses.
If it was 10x that number then there might be a point.
Now you're telling me that EDF is essentially the state. Sure, but that's pretty much like my own company is essentially me. There are still two separate bank accounts, and clear rules and proper accounting about what goes from one account to the other. That's why I can tell precisely what is on my tax bill and what is on my utilities bill.
My point was that the "EDF is subsidized, a large part of your energy bill is paid by your tax bill" claim is wrong.
Now if you want my opinion about our current (and past) government and how they mismanage EDF and ruin the legacy they received, I can go on for hours. That's unrelated to nuclear, though.
Impossible in capitalism or with modern politics, but I planning for failure makes a lot of sense to me, and I don't mind having a power grid support 2x capacity.
Same for food, medicine, and general-purpose manufacturing (e.g. machine shops), for that matter.
We might end up seeing peaker plants. We might see companies taking advantage of the price difference to cheaply run energy-intensive industry like aluminium smelting. We might see companies trying to take advantage of the price difference by building storage batteries. We might even end up incentivizing consumers to shift their usage patterns by providing cheaper electricity during low-demand periods.