Will it really?
https://www.pv-magazine.com/wp-content/uploads/2024/10/Level... is a little unusual, it shows the cheapest nuclear power to be as cheap as the most expensive PV+battery. Still, it's difficult for me to see how this policy change will really change anything.
A real change would require a commitment against market-based production/sale of electricity, e.g. a quota such that power generators using PV/batteries were allowed to produce at most x% of the power in the EO.
Also LCOE is just not adequate to compare these two, as you have additional storage and transmission costs for intermittent, weather-dependent sources, whereas most nuclear power plants can be online providing full capacity more than 90% of the time.
LCOE does not account for that.
This IEA report uses a metric that includes those system costs (value-adjusted LCOE, VALCOE) and it shows nuclear energy is definitely competitive. Especially if managed well and power plants aren't prematurely shut down due to political reasons, like they were in Germany.
https://www.iea.org/reports/projected-costs-of-generating-el...
Yes, it will. As they are currently drafted, the EU energy regulation forces France to invest in renewable and shift away from nuclear it already has to avoid missing the mandated European target as nuclear is not considered renewable. Currently France is being routinely fined despite providing Europe with a ton of clean energy.
The situation is beyond silly.
Important Context: Power companies were paid by the state to shut down their nuclear power plants, of course they want free money for not producing anything.
If we want to incentivize "clean" tech, we should go by an objective metric, such as co2 emissions per kilowatt-hour (where nuclear power is even less emitting than PV/Wind over its total lifecycle)
Secondly, the waste products of nuclear reactors are much more problematic than CO2. Handling of this waste is often overlooked when looking at the costs or CO2 footprint.
And that does not even touch the associated risks.
chickenbig•3h ago
sylware•2h ago