| ▲ | ViewTrick1002 3 days ago | |
I think this response embodies the problem with new built nuclear power. 1. Start with ignoring the EPR2 costs. 2. Cherry-pick data that does not represent western timelines. Of course ignoring the best case for the first EPR2 reactor is 12 years if they start today. 3. Blame everything on ”FOAK”. Despite Hinkley point C being reactor 5 and 6 in the EPR series. But that is of course ”FOAK”. 4. Allude that the next UK reactor will be cheaper. Despite the projected cost for Sizewell C is £38B before even starting compared to the current projection at £42-48B for Hinkley Point C. Sizewell C truly shows the state of new built European nuclear power. EDF is too financially weak to take on any further nuclear construction liability like a fixed price contract, and the CFD would be ruinously expensive. Instead it is a pure cost-plus contract where an extra surcharge is added to all ratepayers as soon as construction starts having people today pay for electricity hopefully delivered 10-15 years in the future. Hiding the true all-in cost in terms the average tax payer doesn’t understand rather than a trivially understood CFD. Like I said. As soon as new built nuclear power is confronted with reality it becomes economic and opportunity cost lunacy unless you can motivate it with for example military ambitions. | ||