No one, not the Chinese, Russians, French, Koreans, Japanese, Isrealis or the Americans, has ever made civilian nuclear power profitable. It is always subsidised, typically for national security reasons.
That's a perfectly legitimate reason. Energy security and food security is a very big deal to countries like Japan and Korea. Just stop spreading the zombie lie that nuclear is cheaper.
In my country people recently installed a significant amount of small-scale solar (over 50k households in 2023 compared to 1000 in 2020), in addition to large scale solar and wind generators. Did our electricity get cheaper? No. It's more expensive than the worst year of the crisis after Russian invasion of Ukraine. Why? Because the national power grid operator had to increase their investment to stabilize the grid by 2 orders of magnitude, which means they will spend over 60% of the entire national budget during next 3 years - and somebody has to pay for that. That's a crazy amount and every single person here is unhappy about that.
Nuclear might be more expensive per MWh pure electricity cost-wise, but the full system with storage, balancing and distribution costs is much more complicated=expensive now because of the renewables. It's funny that the same people who always talk about "hidden costs" and "unpriced externalities" of nuclear and fossil fuels never consider this.
My country is backtracking its support for renewables and will build more nuclear instead. Unfortunately a lot of the damage is done and we can't stop all support as it's mandated by EU regulation.
BTW why is Germany importing 2 GW of French nuclear electricity right now if it's so expensive and bad overall? And why is Germany burning so much coal it produces 9 GW right now, if renewables are so great? Let's not forget about the environment too - at this moment France is producing 16g of CO2/kWh, while Germany is at 375 average, and that coal burning causes 1000g/kWh. I hope they do pay for that, it seems kinda unfair that the French invested into clean energy but still have to breathe what the Germans are putting into the air...
But then I thought letting Turkey into NATO was stupid too, so what do I know?
So including Turkey into NATO was a pretty great idea, both in the short and long terms simply because of their control over the Black Sea if nothing else (then producing some of the drones that probably kept the Ukrainians alive for months before the West really stepped in didn’t hurt either).
Different technologies will obviously incur a switching cost.
The reason Germany has to import that energy and burn coal is obvious. It decided to eliminate 30-40% of its power source nearly overnight. Is it really a shock that NEW renewables which are indeed that great but are barely a decade old in terms of being cost effective alternatives were not able to fully and immediately replace all that fossil fuel capacity and that Germany relied instead on existing decades old, existing but worse infrastructure.
It's a shock that they have been investing incredible amounts of money into it for decades and still couldn't match the few nuclear reactors they turned off, indeed. At least they have the social/political argument - they turned the nukes off because they didn't like it. It's dumb but respectable. Lying about it being cheaper than nuclear is not respectable.
It just keeps going up.
Or more like 10%? https://www.cleanenergywire.org/factsheets/germanys-energy-c...
And not over night but over legislation that spanned over decades?
The amount of really stupid misinformation all around nuclear is baffling to me.
Do you see an increase or a decrease in coal consumption?
This is a current talking point in Australia. "Yes we admit it's more expensive per kWh but it'll be cheaper overall".
The national science agency didn't agree when it looked into it. They found it's more expensive per kWh and still more expensive after taking into account grid impacts.
So are you getting your information from your equivalent science agency or from the equivalent right wing politicians and press?
What grid impacts? The grid here has worked well for decades, there is no comparable grid impact from replacing coal and gas with nuclear. I guess it's different in Australia but this is a very densely populated small country, replacing 3 thermal power plants with 1 nuclear has zero impact on the grid and you can reuse parts of the thermal plant and infrastructure around it.
The politicians are busy talking about migrants and the Russian war, so I can't read anything about this from them even if I wanted to.
Is nuclear right-wing now? I thought the right wing were all for coal; nuclear is an ideal replacement for coal. Non-dispatchable renewables play nice with fossil fuels since the plants have to stay online for bad days; the fossil fuel lovers should love them too (though I agree that they don't seem to)
They did however like to say that renewables would lead to more fuel being burned, even though that never made a lick of sense, because that helped them delay renewables and so burn even more fossil fuels. And some people believed that, even though it's doesn't make any sense.
Nuclear fills that same, "this makes no sense but if you repeat it enough it'll delay progress on renewables and allow for more fossil fuels to be sold/burned" role in right-wing messaging.
> In this changed balance between supply and demand, the cost to utilities of fossil fuels dropped substantially after the early 1980s.
> In 2001, despite a very high price for natural gas during the first part of the year, the average fossil fuel cost to utilities—dominated by the price of coal—was less than one-half the cost in 1981, expressed in constant (i.e., inflation-adjusted) dollars.
> During part of this period, nuclear power costs rose.
> Thus, in many countries, including the United States, nuclear power lost its cost advantage over coal and even natural gas.
Fascinatingly this work paints a different picture. Note the sequence of events:
1) Fossil fuel expensive.
2) OPEC (etc.) pumps more oil out of the ground to regulate prices.
3) At the same time some places in the world take steps to avoid using fossil fuels.
4) This increased supply, and lowering in demand, makes for accidental lower prices for fossil fuels.
5) This culminates in a reduced demand for the better energy production from nuclear power.
Nuclear power wasn't made profitable in the US during this period because of the actions of other countries beyond the US and to a lesser extent the OPEC countries.
Bodansky, D. (2007). Nuclear energy: principles, practices, and prospects. Springer Science & Business Media.
[1] - https://en.wikipedia.org/wiki/Energy_subsidies_in_the_United...
Not true for the Chinese.
They figured out that in order to drive costs down you need to standardize and build the same reactor over and over again. The reactor is called Hualong One [1]. China has already built 4 domestically, 2 for Pakistan and has 11 under construction. 4 more such reactors were approved for the domestic market [2] and 4 other reactors are under contract for the foreign market (3 in Pakistan, 1 in Argentina).
The 6 reactors that China has already built took between 5 and 8 years each. The average construction time is about 6.5 years. As for the cost, that is difficult to estimate for the domestic reactors but the 2 reactors built for Pakistan were delivered for $6.5 BN. They were delivered on time and on budget.
Since each such reactor generates 1.1 GW of electricity, this comes to $3 billion per GW. This is definitely economically profitable.
Now, if you want to reply that solar and wind are even more profitable, that is probably true, but that's moving the goal posts. Your claim was that nobody, including China, was able to build profitable nuclear at all, and that is patently not true.
Second, the 2 reactors delivered to Pakistan were among the first wave of Hualong One reactors built. Three of the 4 finalized domestic reactors were delivered after the Pakistani ones. It is entirely possible that China has achieved some cost reductions through repetition, and the cost of the reactors currently under construction is significantly lower, and the future one will achieve still further efficiencies.
[1] https://en.wikipedia.org/wiki/Hualong_One
[2] https://world-nuclear-news.org/Articles/China-approves-const...