Average electricity prices (edit/correction: in dense urban areas) in the U.S. are ~$250/mwh

https://www.eia.gov/electricity/monthly/epm_table_grapher.ph...

Your chart shows residential prices for the total us average ~$140/MWh, not $250/MWh.

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.

> generation costs of the alternatives in the UK

I'm all for renewable or nuclear energy, whatever's cheaper/strategic. As long as it's not burning fossil fuels.

On- and off-shore wind plus storage is going to be a lot cheaper than nuclear, as well this massive transmission line. Hell, at £150/MWh, I bet that solar+storage is cheaper in the dreary parts of the UK.

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.

> 2030s

> 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...

Which includes the transmission grid. Nuclear costs that, and then you have to build a grid.

Yet the spot price of power has been over £150/MWh for most of the last year...

That deal is starting to look pretty good for the government...

Generation cost !== retail all the way to the consumer cost. The latter is always going to be higher, just like all other goods and services.

A haphazard continent-wide transition from Russian gas, and all we get is nuclear prices for power? So to get it straight, you are proposing that we always should have an energy crisis in Europe?

The futures market, even 5 years out, doesn't show a return to old prices.

It looks like the market doesn't expect russian gas to ever return.

Like an addon of $10-20/MWh. That does not pay for a nuclear plant.

I believed the strike was under £100 and cost overruns were to be paid by EDF?

Was there a contract change?

£92.50/MWh in 2012 prices is £122/MWh today. Convert to USD.