It will be interesting to see how the Rolls-Royce SMR project works out. Since it appears to be impossible to build anything cheaply in the UK, this will be the real test.
The solution is to build nuclear power stations on ships in China, then sail them to the UK and plug them in.
If power prices elsewhere in the world become advantageous, sail them elsewhere and plug them in there.
You still have the interconnection costs, but seaside places sometimes have high voltage connections for existing or historic power plants (who themselves are water cooled)
The US has effective run this on itself for the past few years. The Chinese look fairly benign in comparison.
Those wind farms would have connected into the zones with the highest prices.
They've rejected an amount that would generate more than the entire grid usage. Or way more than double what the cheap zones generate from their 2/3rds hydro and 1/3rd wind.
" risk-sharing mechanism will be required, for example through two-sided Contracts for Difference and state-backed credit guarantees that reduce investment risk and unlock project financing.”
https://www.renews.biz/offshore-wind/skyborn-calls-for-swedi...
Most small customers are paying using average prices, but these average prices are calculated from the costs of power suppliers and these are affected by hourly market prices. So when many small customers consume use lot of electricity during hours with high hourly market price, the average price for small customers goes up.
Best solution is instalation of smart meters so that small customers pay according to hourly market price.
*if you’re a seller of fossil fuels
And climate change also isn’t in favor of nuclear power plants that need external water sources for cooling