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.
> Going to be XYZ
Yeah sure, but every second we spend thinking and talking about it is another second of burning coal and oil.
https://commons.m.wikimedia.org/wiki/File:Energy_mix_of_UK.s...
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.
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.