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Why has the price of electricity in Europe reached record highs? (economist.com)
186 points by ciconia on Sept 20, 2021 | hide | past | favorite | 418 comments



Not building new nuclear power plants in the last 30 years was a major mistake, in terms of energy supply security as well as CO2 emissions.


French generation is ~70% nuclear (10% wind/solar) and German is ~10% (~40% wind/solar). Yet their prices track each other closely. So I think this explanation is too simplistic.

Possibly there are large interconnects between the French and German grids levelling out wholesale prices, but my assumption is that they cannot carry enough power for this imagined scenario where nuclear makes a big difference.


There's no "French and German grids", most of EU is a single grid (see map https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta...) and there's no meaningful difference between "interconnects" linking France and Germany and power lines within France, though there are a bit fewer of them than internal lines.

There are some limited interconnects linking continental EU with UK and Scandinavia with some trade happening over them.


Calling it one grid is kind of misleading. There is nowhere near enough transmission if all power production in say Spain failed even if in theory there is enough excess capacity across the EU to provide power to Spain.

Limits on transmission result in individual countries generally having significantly different wholesale prices.


Isn't that the case with a grid of any size?

The British grid has a North - South imbalance, if I understand that correctly 20% of power would be lost with a 1500km transmission distance.

Replacing all the power of Spain would be very inefficient, even if the connections did exist.

https://en.wikipedia.org/wiki/National_Grid_(Great_Britain) (Power Flow section)


For very long distance power transmission, losses primarily depend on voltage and AC>DC>AC conversion efficiency which have both been increasing. China just completed a 3,300 km (2,100 mi) 1,100 kV line capable of sending 12 GW at the cost of 5.9 Billion dollars.

Over 1500km you can keep losses under 10%, but building infrastructure isn’t free. East to West links tend to work better because you can time shift demand and thus build fewer power plants.


Or see https://www.entsoe.eu/data/map/ for a map of the transmissions lines.


That may be so but there is a tremendous difference in quality and capacity to absorb fluctuations between the various interconnected national grids. At the physical level they are still very much separate.


France is supplying electricity to all of its neighbors and they’re trading in the same market.

Thus, if electricity is scarse and expensive across Europe, French wholesale prices rise as well.

FWIW, the French government forces EDF to sell the electricity to its national competitors at a fixed price of around 50 Euro/MWh, IIRC.


What everyone seems to be missing here is that in France alot of heating during winter is done with electricity which is not the case in germany. So peak electricity usage in France during Winter is much higher and that is the time where it needs to import alot.



"Net exporter" doesn't really matter for the specific conversation at hand.

A better way to quantify grid health would be to identify periods of peak demand across northwestern/central Europe, and then tally who is selling power to whom at those inflated prices.

I have solar panels on my home, as do most of the homes in my neighborhood. However, we recently had to have a natural gas substation built adjacent to the community to deal with the demand surges coinciding with supply disruptions (every time it snows).


Just out of curiosity, assuming your internal batteries are charged to the max (e.g. after a sunny day), about how long can you go if it starts snowing or is very cloudy, before you need to start pumping in natural gas?

Maybe my understanding of how it all works using your own solar panel and the neighborhood's gas lines is too simplistic, though, to answer.


Like the vast majority of solar installations in suburban neighborhoods, none of the homes in my neighborhood have any battery paired with the solar panels.

The solar panels just feed power into the grid. This is the standard model used all over the Western US.


I don't think the comment you replied to said anything about having batteries?


It will go down to 0% in Germany in several months. Germany is shutting down its last six nuclear power plants and no new ones can be built. Italy, Switzerland and Belgium also want to shut down their nuclear power plants. Shameful, unscientific public opinion in Western Europe despite more people realizing the danger of global warming.


The mistakes were made 30 years ago and once more after Fukushima. Germany should have gotten off coal first, then nuclear.

Or it should have built modern reactors 20 years ago. Now it's too late, too long and too expensive.


Not being able to eat certain mushrooms or animals for decades in whole regions because of radioactive rain does that to a population yeah.


I still remember the teacher in med school showing us how exclusively eating mushrooms and wild boars[1] while living in a poorly ventilated granite house (radon gas) in eastern France still wouldn’t reach the levels of exposure one would get from the soil in some western parts of France.

It was enlightening, to say the least.

But then, it isn’t really a risk worth taking in any case.

[1]: because one can’t just live on mushrooms, but boars do eat a lot of those


Do you mean the other way around?

This map suggests that western France is fine:

https://www.wsl.ch/en/2020/07/new-map-for-radioactive-soil-c...


No, just as I meant it. But I honestly don’t remember what the causes where; it was over 10 years ago and lessons were dense in information.

I can only recall a few tidbits here in there, including the specifications of a, as of now probably outdated, surgery probe meant to detect isotopes.

It was awesome! Swappable tips, a main unit on a wheeled stand giving it great mobility and awesome battery life! A great tool! Still don’t get the point of learning about it in first year though ¯\_(ツ)_/¯

Oh, and throwing dwarves in nightclubs is unethical, even with the dwarf's consent, because human dignity is inalienable.


This appears to be a map of just cesium, not all radionuclides.


There are no nuclear plants in Italy producing commercially available electricity AFAIK.


A referendum after Chernobyl forced the Italian government to shut down all nuclear power plants in Italy before the 90s


Eastern will happily pick up the slack on new nuclear power plants and sell that electricity to balance the trade.


Both Czechs and Slovaks are building new nuclear blocks (Temelin and Mochovce) but the progress is slow and riddled by corruption. So it's doubtful they will come online soon.


What's the purpose in shutting them down?


They're mostly old and EOL.


Italy doesn't have nuclear plants.


While I understand the fear of nuclear, especially in Europe where Chernobyl took place, I find it kind of silly that countries like Germany, Switzerland, Italy, Belgium, etc are shutting down THEIR nukes, while bordering France (and other countries) who aren't shutting them down.

Do they imagine that the radiation / fallout from their neighbor's catastrophe would respect national borders?


France is pretty much winding their industry down. The only one under construction is Flammanville 3 [0] which is currently projected to cost €19.1 billion compared to the initial budget of €3.3 billion. The current goal is 50% reduction to 2035 with no new plans being decided until Flammanville 3 is completed. [1]

[0]: https://en.wikipedia.org/wiki/EPR_(nuclear_reactor)#Flamanvi...

[1]: https://en.wikipedia.org/wiki/Nuclear_power_in_France#Recent...


I'm pro-nuclear but your argument is the same used by people saying "what's the point of my country reducing its CO2 emissions because it's only contributing to X% (X << 10) of global emissions?"

Some of France's neighbor are asking for the shutdown of some nuclear plants. It's much easier to ask this when you don't have any yourself


I'd say the co2 emissions example you quote makes more sense. That's simply "you're asking me sacrifice X in exchange for a benefit Y where Y is very small [because my country emissions are less than 1/30 of China's]".

Co2 emissions are also global and influence some areas of the world more than others; a nuclear fallout would hit primarily France, even though neighbours would be affected as well.


It was and is idiotic populism.


> but my assumption is that they cannot carry enough power

Right now (https://www.electricitymap.org/zone/DE), Germany is importing from France alone the equivalent of a bit under two French nuclear power plants at full power.


Germany is a net exporter of electricity to France 13.7TWh in 2017. But they trade a lot of power back and forth. https://www.agora-energiewende.de/fileadmin/Projekte/2018/Ja...


They are a net exporter because they have to sell their wind/solar power for cheap when they have too much of it, but are then forced to buy nuclear/hydro power from their neighbors when their coal power plants are not enough to compensate the ramp-up in demand and/or the lack of wind/sun.

France could be electrically self-sufficient, Germany couldn't -- whether they would depend on FR/BE/NL/... being irrelevant.


France exports a lot of nuclear power on nights and weekends while importing power during peak demand. Their actually further from self sufficiency.

It gets more complicated on a euro per kWh basis as Frances nuclear is much more expensive so economically their losing money even if it looks better in terms of cash flows.


France is now close to its daily subpeak (https://www.rte-france.com/en/eco2mix/electricity-consumptio...) and exports (https://www.electricitymap.org/zone/FR) 11.5GW while importing 1GW, i.e. a surplus of >10GW, with over 50GW to spare in hydro and nuclear alone. The worst peak being at around 80GW during the winter, they should do good should they be independent at some point for whatever reason.


Self sufficiency is really about the delta between demand and available supply. It’s the worse case not average that’s the issue so you normally need to look at the coldest and hottest days not September which is when a lot of production is taken offline because demand is so low. Even that’s not the full picture individual power plants may be taken offline for a wide range of reasons.

That said, self sufficiency is expensive and generally not worth the costs involved.


> It’s the worse case not average that’s the issue so you normally need to look at the coldest and hottest days not September

Indeed, which is why I wrote “The worst peak being at around 80GW during the winter [...]”.


> France could be electrically self-sufficient, Germany couldn't

According to what arbitrary criterion?


Buy high and sell low is not a strategy that's improved buy scaling it up.


Yes, _net_ exporter. But we are often exporting at low or even negative prices.


That's right. Germany exports when the sun is shining and the prices are low to Switzerland and Austria who use it to pump water up the Alps. When there is no sun in Germany, they buy it back at a high price from Switzerland and Austria who convert the stored water to electricity.


Or, in other words, they hire some battery services?


The accounting gets tricky. France is generally paying more per kWh of nuclear than they generally get it from exporting it. However, the marginal costs per kWh is below what their receiving.

French nuclear power is such a bad deal for the country they try really hard to avoid showing the public how massive the subsidies are. Oddly enough this seems to have worked, and meanwhile they significantly reduced emissions which is a win for the environment.


The only bad deal is a crazily reactive interconnected market, which, when combined with solar/wind production, destroys long-term investments.

Solar/wind, when it products, crashes market prices. Nuclear is supposed to produce at those hours too, except that if it does, it sells at a loss; and if it doesn't, it blows its load factor which is supposed to be its strong point. In both cases, because of the destabilisation of the production equilibrium, caused by solar and wind, the balance of nuclear is endangered.

Yet nuclear is needed to deal with the very common lacks of solar/wind. Hence the global result: prices getting higher. The irony is that the State itself subsidies solar/wind, both directly, and indirectly by forcing the electrical company (which is mostly State-owned, and which also owns the nuclear plants) to buy solar/wind electricity at ridiculously high prices, which is killing its balance and forces it to raise consumer prices.

There was no such problem when there was not a market like the present one, and when there was no solar/wind. Production was OK, prices were low. All was going fine. The problem was introduced by a liberalisation dogma that "had" to be applied to everything and the kitchen sink + a pro-renewable/anti-nuclear dogma (renewable is not bad per se, but the consequences of its rushed development have been ignored, despite being very foreseeable).


The wholesale inflation adjusted price of electric has been falling in the US over the last 40 years. https://www.usinflationcalculator.com/inflation/electricity-... Prices are spiking vs 2020, but are still down inflation adjusted from 2019.

Which is in part an outgrowth of bringing cheaper wind and solar electricity sources online combined with inexpensive natural gas. The headline ultra low wind and solar prices hide the fact they are still profitable to bring online meaning it’s selling enough energy at positive prices to add more. It is also profitable to add batteries to the electric grid in California which should offset other peaking sources like natural gas. The question of what becomes of nuclear may simply be it’s largely phased out with some being kept around as a combination of energy source and useful isotope generator.


Might be, but in total Germany is a net exporter of electricity.


1. That's not the point, the point being to illustrate how interconnected the EU grid is.

2. Regarding your comment, I personally don't see Germany importing 72 gCO2/MW power to export 399 gCO2/MW power as a good thing for anyone but coal companies, but whatever floats your boat.


"the point being to illustrate how interconnected the EU grid is."

Which is a good thing. Very few countries are self sufficient regarding cars for example, or Kiwis. So humanity invented trading and people trade things they don't have for things they have - so good interconnection is a good thing.


> Which is a good thing

Absolutely.


That’s irrelevant since Germany is often exporting electricity at cheap or even negative prices.

The net value also doesn’t buy you anything if you have to import electricity due to lack of local production.

France can self-supply itself with electricity.


But it can't self supply with Kiwis. Whereas Isreal is self suffient on Kiwis but not on cars.


Do these countries trade energy in the same markets? If so, that would explain it, wouldn’t it?


That’s the question I ask in the second paragraph. It only explains it if the interchange is sufficiently large. Another explanation could be that there is some EU mechanism to charge the same wholesale price even if there is not sufficient interchange capacity.


France is the the largest nuclear energy exporter, but it only exports about 12% of its nuclear energy, which might be enough to move the domestic price.


If that 12% is the annual average, also keep in mind that it's presumably ~25% sometimes and ~0% at other times.

Now suppose the domestic production is 100 GW, the domestic consumption is 90 GW and you're not exporting anything. Compare this to when the domestic production and consumption are still the same but you're exporting 20 GW. You go from having 10 GW to spare to being 10 GW short and having to bid for it against the foreign market.

And the prices aren't linear. In oversupply you could be paying barely anything. At 10% undersupply you could be paying twenty times as much if that's how much it takes to reduce demand by 10%.


All relevant mechanisms (day-ahead auction and intraday continuous auction) take the interconnector capacities into account.

The dayahead mechanism is described at length here: https://www.nordpoolgroup.com/globalassets/download-center/s...

During the intraday auctions, the left-over capacities are considered live, i.e. if there is 100MW of capacity left for France to Germany, you get the first 100MW of the French orderbook merged into the German one. If a trade happens, this capacity is updated. This is called SIDC (Single Intraday Coupling), https://www.emissions-euets.com/internal-electricity-market-..., used to be called XBID.


And when the wind stops blowing, Spain has to buy nuclear energy at a premium price from France.


> Yet their prices track each other closely.

If by "track each other closely", you mean prices in Germany are reliably 50% higher than those in France[1], then yes, they "track each other" closely. German energy policy has been an unmitigated disaster, creating by far the most expensive electricity prices in the OECD and of course the highest in Europe, whereas prices in France are below the EU average.

https://ec.europa.eu/eurostat/statistics-explained/index.php...


The source refers to retail electricity prices and thus doesn't apply here. The German electricity price is subject to lots of different taxes and fees; energy generation makes up less than a quarter of it [1]. These taxes do not need to exist and even the "EEG" which subsidizes renewables could be paid via the general budget. Like, for example, power plants could be paid for by the state. The comparison of household prices therefore makes little sense, as it implies the governments are in a race to offer the lowest rates to its population.

[1]: https://strom-report.de/medien/strompreis-deutschland-2021.j...


So according to your logic, taxes used to subsidize electricity production should not be included when calculating the cost of electricity, which can only give rise to a meaningless cost. Germany imposes such high taxes because they have such massive subsidies for producers. That is why electricity costs so much more in Germany — because it costs so much more to produce. But being fungible, the cost of wholesale electricity on the transnational exchanges will of course tend to the law of one price. It is the taxes that bring this in line with reality as to the fully loaded cost of generation, which in Germany is much higher.


>Germany imposes such high taxes because they have such massive subsidies for producers.

Even without the EEG, the electricity price would be among the highest in all of Europe. Also, given how much public money coal for example receives in Germany, I think it is a very reasonable argument that the EEG subsidy should not really be considered a fixed part of the electricity price that could not be moved elsewhere.


That's because market prices are what they are, they don't depend on whether it's "gas electricity" or "nuclear electricity".

Now, if you produce electricity by burning gas that you import and gas prices go through the roof then your production costs follow and your stuck.

In the meantime, production costs of nuclear plants have not moved at all. Which makes controlling consumer prices much more doable and less costly, for instance, you can sell that electricity with improved profit margins (and France does export a lot of electricity).


+ This map shows these statistics https://www.electricitymap.org/map


Actually it appears that this is how it works, though in this case it’s more purchases from Czech than France.


If you have interconnects, energy is fungible - just like oil or other commodities.


Electricity is only fungible on a second by second basis while ignoring transmission losses.

Local power production has a significant advantage. This gets offset when distant locations have significant geographic advantages like hydroelectric power or wind etc, or when peak production or demand varies between locations.


Large quantities of energy (e.g. from Nuclear) are bought in advance (between countries, and less often between companies), and with multiple years contracts. That's why you don't see a huge difference.


Or, if you want: Not building twice as many (wind/anything) was a major mistake.

Nuclear power plants fail sometimes, just like the wind fails. In 2016 almost a third of the plants in France were offline at the same time, some for planned maintenance, some unplanned, and the peak prices were higher than now.

All these things are fixable by overbuilding enough. There's nothing special or magic about nuclear.


> There's nothing special or magic about nuclear.

Apart from the technology, safety profile and generally being the cleanest source of energy ever discovered. And being able to stockpile enormous amounts of energy in a small heap if necessary ^^.

And if we could just convince people to accept it only causing say, half as much damage as coal it would be ridiculously cheap too. These appallingly high safety standards are expensive.

^^ EDIT Which would really help if there was some sort of large, unexpected event which disrupted the world's logistic chains for a few years. Unlike natural gas. Longer term supply rather than short term spot markets, lots of room to recover from surprises.


Half as much damage as coal is a pretty low bar! Natural gas also meets it, for example.

Your broader point is strong though, and there's no reason 4th-gen nuclear power plants being designed now couldn't deliver a quarter (or less) the damage of coal while still being economical.


Could they really be economical though? There is potential for harm (including terrorism) that must be insured against, you also need to pay a premium for the land compared to solar/wind since few want to live nearby. The construction timelines are huge compared to solar/wind and you don't have the economies of scale that drive prices down.

Nuclear easily beats coal if we include the environmental costs but it's also up against solar, wind, geothermal, and tidal options which have seen huge efficiency gains in the last decade.


>Half as much damage as coal is a pretty low bar! Natural gas also meets it, for example.

Natural gas has advantages over coal, but if we are talking about effects on climate change, natural gas is unfortunately comparable to using coal. The CO2 emissions from a natural gas plant are much lower than a coal plant, but it isn't clear that if you account for methane releases during production/transporting/storage that it is better for climate change than coal.

>...Back in August, a NOAA-led study measured a stunning 6% to 12% methane leakage over one of the country’s largest gas fields — which would gut the climate benefits of switching from coal to gas. We’ve known for a long time that methane is a far more potent greenhouse gas than carbon dioxide (CO2), which is released when any hydrocarbon, like natural gas, is burned. But the IPCC’s latest report, released Monday (big PDF here), reports that methane is 34 times stronger a heat-trapping gas than CO2 over a 100-year time scale, so its global-warming potential (GWP) is 34. That is a nearly 40% increase from the IPCC’s previous estimate of 25. ...The IPCC reports that, over a 20-year time frame, methane has a global warming potential of 86 compared to CO2, up from its previous estimate of 72. Given that we are approaching real, irreversible tipping points in the climate system, climate studies should, at the very least, include analyses that use this 20-year time horizon. Finally, it bears repeating that natural gas from even the best fracked wells is still a climate-destroying fossil fuel. If we are to avoid catastrophic warming, our natural gas consumption has to peak sometime in the next 10 to 15 years, according to studies by both the Center for American Progress and the Union of Concerned Scientists.

https://thinkprogress.org/more-bad-news-for-fracking-ipcc-wa...

As we use more and more natural gas, we can expect more and more methane disasters like the leak from Aliso Canyon in CA which was the largest methane leak in US history. This released over 100,000 tons of methane into the atmosphere and required 11,000 residents to be evacuated.

http://www.bbc.com/news/science-environment-35659947


> ... appallingly high safety standards are expensive.

Not an expert on probability/statistics ... but wouldn't lower safety standards have meant, not 1 Tschernobyl and 1 Fukushima but most probably like say 10 such events in the last 30 years?

Yeah no, something tells me that having lower than "appallingly high safety standards" isn't a deal I'd want. Not at all.


Yes or no.

Arguably the accident wasn't due to lax rules, but rather to lack of observance. The rules weren't followed. If that argument is correct, then the key isn't to make the rules stricter or looser, but rather to change the rules and/or environment to eliminate violations. Thus, IMO it's not a statistics problem, but rather a matter of how to design rules and the organisations to which the rules apply.

Germany, too, failed at designing rules for nuclear power: All of the nuclear operators disposed of contaminated waste without permission and without keeping records. How much? Probably not very much (or else it wouldn't have gone on for as long as it did), but there are no records.

Germany and Japan are good at rules. If those two failed, this task can't be a simple one.


The issue for me is the trash, or rather, how we are supposed to handle the trash these plants produce.

If you really think just burrying that stuff in a mountain is good enough, then I can't really agree.


The safety profile of nuclear is difficult to assess in face of changing climate patterns. In general long-tail events are hard to evaluate. Think Fukushima.


Building more nuclear helps de-risk wind droughts.

This isn’t specific to nuclear; building more of a different kind mitigates the risk.


It's true, but when does it make sense to include plants that do not deliver reliable power?

Wind power makes a lot of sense as long as you are still using fossil fuels. Every watt generated by wind power means that you can reduce fossil fuel, and thus lower your CO2 emissions. But once you got rid of fossil fuels and you have a reliable source of power without CO2 emissions, you can get rid of the unreliable ones.


Wind and solar are pretty cheap and storage keeps getting cheaper, that's why they make sense.


Batteries are so expensive that it is unclear whether they will ever solve the large scale storage problem: yes they're getting cheaper, but they have to continue to get cheaper for a long time before they're suitable, and it's unclear whether fundamental limits will be hit before that. If battery technology improves to the extent that it becomes viable for large scale storage, then wind and solar can become our main source of energy. Until then, nuclear is the only proven solution. Betting on batteries now amounts to gambling with the planet.


Batteries are not supposed to solve the large scale storage problem. They're best at solving the small scale storage problem. Recently they solved the problem of small scale storage on wheels.

> If battery technology improves to the extent that it becomes viable for large scale storage, then wind and solar can become our main source of energy.

Batteries are not the only way of storing electricity.


First thought I had here was hydroelectric storage.


Especially after that prospective sites research by the Australian National University (https://www.anu.edu.au/news/all-news/anu-finds-530000-potent...), that seems like a reasonable choice.


Battery backed solar/wind is cheaper than nuclear these days.

It's not been that way for long though. Economic grid scale batteries are here but still relatively new.

It makes sense to continue running old nuclear plants but not to build new ones. Much too expensive.


Is it? Are you taking into account battery degradation from 1 cycle every day? The vast majority of battery chemistries won't last more than 3-4 years under those circumstances, and those that would are either much more expensive or experimental.

As of now storing 10kWh at 1kW costs around 1000$ from the cells alone. If you're changing them every 3 years then you have to spend 10 000$/kW over 30 years whereas nuclear is the same price per kW for a 30 year period.

If you don't take that into account then sure.


Aren't lifetimes closer to 10+ years due to better battery management (managed operating temperature and charge/discharge)?

Tesla suggest such with its megapack https://en.wikipedia.org/wiki/Tesla_Megapack


Only if you don't do daily ~80% discharges.

You can avoid that right now because the grid has baseload. But if it doesn't you can avoid the wear cycles.

10 years is about what you'd expect if you only discharge ~30% of capacity daily, which is how it is operating right now.


This suggests it's even cheaper than gas now:

https://www.spglobal.com/platts/en/market-insights/latest-ne...

And gas is a lot cheaper than nuclear.

Theres a new battery backed solar plant in california that can service the early evening peak times with cheaper electricity than coal.

Battery prices have been plummeting consistently for the last three years.


> battery chemistries

Ah, you're focused on chemical batteries.

Hauling a lot of water up a mountain at times of low demand, and releasing it through a turbine at times of high demand, is a type of battery; it seems to me a reasonable approach to smoothing supply and demand for wind/solar.

I agree that it's going to be a long time before grid-scale chemical batteries can help much with demand-smoothing.


I'm focused on chemical batteries because that's what's being talked about when people say battery.

Pumped hydro is promising but it's going to be as expensive as regular hydro.


Probably.

I'll point out using existing natural gas peaking plants to make up for temporary shortfalls of solar and wind power is also a viable stop gap.


The latest US plan aims for a 95% carbon free grid by 2035. They could have aimed for 100%, but it's cheaper to start electrifying more things at that point, as 95% carbon free electricity powering a heat pump is better than burning gas for heat. They therefore get the eqivalent of 105% carbon reduction for the same cost, more than they'd get by focusing on the final 5% of carbon on the grid.


As far as I know, few people suggest (Lithium-)batteries for long term storage. Electrolysis, optionally followed by turning the Hydrogen into Methane, seems like a much more scalable solution. That works at scale today, it's just too expensive to make sense at this point. Then there are other types of batteries that might become much cheaper in the future, perhaps redox-flow batteries or something like that.


According to people I talked with, who did analysis for "Green hydrogen" as storage method, assuming Poland - we would need something along the line of 150% peak production, locally, before it started moving the needle at all - and I'm not sure of this wasn't in combination with nuclear (though limited by the idiotic free market on electricity).

All of that assumes that the demand doesn't go up... Which is not compatible with things like climate goals


Hydrogen, molten salt to drive ex-coal plants, redox-flow, …


We are decades away from having enough storage to make wind and power a reliable power source. There is not even technology that would scale up enough to store a country's power for weeks or at least a few days.

China just has announced ambitious plans to install storage for 100 GWh by 2030. China's electric power generation capacity is 2200 GW (in 2020). That's not even enough to provide electricity for 5 minutes....


> There is not even technology that would scale up enough to store a country's power for weeks or at least a few days.

Don’t mistake a manufacturing limit for a tech scaling limit. While it may take decades to get there, batteries could do that; in the mean time, intercontinental HVDC connections could substitute for some of that storage (not all the storage all at once unless mining increases, but certainly plausible over the scale of a decade or so and we would need that timescale to build the renewables themselves anyway)[0], and the batteries are in addition to existing pumped hydro, and even in the current “low wind” scenario the UK is still getting 3.8 GW (~11%) from wind[1][2] rather than getting nothing.

[0] https://news.ycombinator.com/item?id=28474201

[1] https://gridwatch.templar.co.uk/

[2] https://gridwatch.co.uk/demand/percent


Do we have the lithium/etc reserves to meet the storage needs for the entire planet? Nuclear is proven and if we claim to believe that climate change is an existential threat I don’t know why we would pin all our hopes on solar and wind and some to-be-discovered storage solution. To be clear, I’m not against solar and wind—on the contrary, I want a diverse clean energy portfolio. But wasting time emitting while we pray for a storage solution for wind/solar seems utterly foolish.


Sorry, but Nuclear is just proven to fail. Even if we would reverse course on Nuclear today it would be 20 or 30 years until the plants would be build. By that time solar and wind will another magnitude cheaper.

The way forward is wind and solar. Everything else shouldn't be focused on.


> Nuclear is just proven to fail ... the way forward is wind and solar

Nuclear is the only proven clean technology for base load generation. The only hiccup is political (i.e., people decided they don't like nuclear), and while it's a big political problem, the whole climate crisis is an enormous political problem. Yes, there's the waste to be disposed of, but we already have to manage some waste and once you have to safely manage a little nuclear waste it's a marginal increase in cost to manage a whole lot of nuclear waste.

Further, innovations in nuclear are making it cheaper, safer, and faster to build. Moreover, as another commenter pointed out, if we were willing to ease some of our restrictions on nuclear such that our nuclear plants didn't need to be a thousand times safer than our coal plants (but merely, say, twice as safe), then nuclear could be even less expensive and facilities built more rapidly.

Yes, wind and solar will play a major role in the future, but we incur tremendous risk by ignoring nuclear.


What's driving the price decrease in wind?


Economies of scale, largely.


> Do we have the lithium/etc reserves to meet the storage needs for the entire planet?

Yes. There are basically so many different chemistries (and non-chemical storage methods) that the important question is “which type should we prefer” rather than “can we even do it”.


Yeah, I don't think it's an either or science decision any more than its likely a business-cum-political situation.


While intercontinental HVDC interconnects are technically feasible, no major world power would ever depend on those for essential power supplies. It's just too risky if foreign countries can cut off your electricity during a war or other crisis. Energy independence is strategically critical in a way that transcends economics.


Then why do countries rely on foreign oil, gas, and coal all the time?


Because they at least can store months worth of gas/oil/coal on their own territory.


You can store months worth of hydrogen from electrolysis too.


The way I interpret your claim is: that not only is it feasible in regard to the technology being available, but also that it is economically feasible _and_ the currently existing infrastructure does not need to be redone differently from scratch but can instead be augmented/upgraded to allow storage of months worth of hydrogen.

I don't think that all these are true.

Yes, the technology definitely exists.

But as far as I know there's no country (yet) that has existing infrastructure that merely needs some upgrades (with the effort for these upgrades being significantly smaller than the total effort that went into building the existing infrastructure or would be necessary for building completely new infrastructure) to enable storing of months worth of hydrogen.

So I wouldn't support the claim "You can store months worth of hydrogen ...".


Hydrogen can be piped via exist natural gas pipelines and stored in existing natural gas salt caverns or abandoned oil wells. So all parts of that statement are true.


You can't really store bulk hydrogen nearly as easily as natural gas, liquid fossil fuels, or coal. Hydrogen is less volumetrically efficient, leaks out faster, and causes embrittlement in common alloys.


You store hydrogen like you store natural gas: In underground salt caverns. This allows for weeks or months of stored energy.


I guess a manufacturing limit is bad enough. The global battery production is expected to reach 2063 GWh/year by 2028 [0]. That wouldn't be enough to store China's electricity consumption for a single hour. The production would need an increase by several orders of magnitude. Are there enough raw materials for this? How much waste would there be, given the limited lifespan of those batteries?

What about a no-wind scenario? I don't know what wind in the UK is like, but in Germany this happens quite often. In November 2015 wind output dropped to 0.2 GW (0.5% of its 40GW power rating) [1]. Hydro doesn't help in such a scenario (<4% in Germany), nor will bio mass (<10%).

[0] https://energycentral.com/c/ec/world-battery-production

[1] https://de.wikipedia.org/wiki/Dunkelflaute (German)


> The production would need an increase by several orders of magnitude.

Yes, but that doesn’t itself seem like an implausible economic shift given how large the existing fossil fuel sector is.

Challenging, sure — perhaps it is politically impossible, I wouldn’t know as I’m not at all politically astute — but physically it seems fine.

> Are there enough raw materials for this?

That part at least is fine. Earth is big, and while lithium is in the category “rare Earths”, it isn’t all that rare compared to what we need, and even if it was lithium isn’t even the only option for storage.

One of the things suggested in your [2] was long-distance HVDC to different weather zones, and Scandinavian (hydro? I’m unclear) storage. In principle we could also do antipodal HVDC (different time zone for day/night, different hemisphere for summer/winter), though on a previous thread I was encouraged to do the maths and realised the EU collectively would use a 1m^2 cross section conductor for current HVDC designs (if you wanted 100% substitution rather than it being merely part of the solution), and this will take quite a long time to mine at current rates.

> How much waste would there be, given the limited lifespan of those batteries?

No idea, but the current alternatives are “set lots of it on fire” (fossil fuels) and “bury a tiny quantity of extraordinarily dangerous stuff in scary artwork for geological timescales” (nuclear), and all it has to do is beat those.

IIRC the end-of-life batteries can be processed back into their raw material more easily than can the rocks we start with for fresh batteries.


> while lithium is in the category “rare Earths”

No, it's not. Where did you get that from? Surely not from elementary school chemistry lessons, where you're taught that lithium is an alkali metal.


There was a propaganda effort trying to paint renewables as dirty, pointing to environmental problems with Chinese REE refining. Shellenberger was hawking this at one point, claiming PV uses rare earth elements. One still hears echoes.


News articles that want to dismiss renewables seem to often call it that.

You’re right, of course. I’m not a chemist and it shows.


Also worth noting that "rare earths" aren't rare (nor are they earths), that's just their name.


We're also pretty far away from the kinds of renewable penetration where you actually need a lot of storage, so we have plenty of time left to build more batteries and electrolyzers.


Electrolysis is extremely inefficient. It's unlikely to be a practical means of grid scale energy storage any time soon.


It's not just a means of energy storage; it's a method for producing a vital chemical feedstock. If your main alternative is processing natural gas, building more electrolysers is a no-brainer. You'll have to do it no matter what the efficiency, since we just don't have a better way.


80 per cent is what you call extremely inefficient ... what percentage would be "efficient" then in your opinion?

> Accounting for the accepted use of the higher heat value (because inefficiency via heat can be redirected back into the system to create the steam required by the catalyst), average working efficiencies for PEM electrolysis are around 80% ... [https://en.wikipedia.org/wiki/Electrolysis_of_water#Industri...]


Yeah round trip efficiencies are very bad, but at scale it's cheaper than batteries as far as I know.


The two storage modes are complementary. Batteries would be good for diurnal storage, hydrogen for longer term and rare event backup.


Something makes me think that storing weeks worth of electricity isn't going to happen in the near future (< 30 years).

Storing hydrogen isn't that easy/cheap either.

So I'd guess we're going to see storage of energy in the form of liquid/liquefiable hydrocarbons (synthesized from hydrogen) like methanol or propane.


By recent performance, if we build nuclear we are decades away.


Even if that's true, at least we would be betting on proven technology. What makes you think that unproven technology for storage can be built faster?


By the number of abandoned nuclear projects in the west, it’s not proven.


In this case 'proven' means was ever deployed at scale and worked successfully.

Nuclear has track record of decarbonizing entire industrial economy in just 10 years.

We dont have storage solution with such track record.


Nuclear is in an awkward place. All of the proven last gen designs are considered too risky to build new now. But it also seems that the next gen designs are not proven at all in terms of construction timelines or buildability. For example, many next gen US nuclear projects were canceled after continuous schedule and budget overshoots. The completed next gen French reactor in China, for example is showing unexpected behavior and has been temporarily taken offline for review, and other next gen French design builds are, like the US designs and projects, behind schedule and over budget.

That's just the direct industry. The support industry for nuclear plant construction materials has also lost maturity and scale between first gen and new gen, as evidenced by the failure of upgrade materials in the So Cal Edison San Onofre plant. This is after decades of investment.

Because its so much less complicated to scale, my bet is on storage before any next round of new nuclear plants are built at scale. But we don't even need that much storage in the next decade, we mostly need far more renewable energy acceleration in very proven and fast, reliable rollouts.


Nuclear has never decarbonized an entire industrial economy, so by that definition, nuclesr is nkt "proven technology".

It probably could have, if you priced carbon appropriately 50 or 60 years ago, but no one did so cars and various industrial processes never made the shift and other random things like cow burps it cant even theoretically fix.

Now it's too expensive to bother trying even for the bits it's suited to.

Ironically, the main thing that wpuld make nuclear cheaper, would be cheap energy storage as youd only need to uild enoigh plants to generate the average yearly demand and use tge storage to handle the varying loads.


And if you wanted to power the world with nuclear, you'd need breeder reactors or seawater U extraction. Burner reactors powering the world would go through a megaton of natural uranium each year.


Even if we ask South Korea to please build us world of nuclear, it would be long time before uranium would be an issue - it is very small part of overall price.


You have just said nuclear cannot scale up fast enough to help with climate change.


South Korea can build nuclear on time and on budget, so it is possible.

And for the sake of the discussion, I think France can be fairly considered decarbonized, even if not really 100%.

Note that TFA refers to decarbonization of electricity generation only, which is the definition I use as well.


I'm not aware of any nuclear power plant anywhere having been fully decommissioned, with all waste safely stowed away, safe from earthquakes and plane-crashes.

As far as I'm aware, even the 1st-generation MAGNOX reactors in the UK have longer to go to full decommissioning than the time that's passed since they were built.

"Proven" doesn't just mean "deployed at scale"; it also means "fully decommissioned". It's not fair to claim that nuclear is "clean", while leaving it to future generations to figure out how to actually clean up.


>There is not even technology that would scale up enough to store a country's power for weeks or at least a few days.

My bet is that the Japanese will build some huge newfangled storage facility. There'll be a big earthquake. The storage will meltdown/burn/whatever somehow. It'll cause a great big semi-permanent problem. Everyone will declare victory and shout 'at least it wasn't nuclear'.


Not really. NPPs as backup to wind would be horribly expensive. Wind droughts don't happen often; even the current price during them would not make a NPP pay off.

What would make sense is larger local stores of hydrogen, to be burned in combustion turbines during the rare wind outages.


Are there any commercial operators of electric grid storage using hydrogen? I can only find prototype or demonstration projects.

Most of the time, people saying grid-scale storage is feasible point to technologies that exist in the prototyping phase. The reality is that we don't know whether these solutions will be feasible at scale, or if they'll hit bottlenecks or poor scalability that drives up cost when deployed at scale. Comparing a hypothetical cost of hydrogen, to actual historical cost is comparing apples to oranges.


Why should any exist yet, when natural gas has been so cheap? Tighten the screws enough to eliminate fossil fuel dispatchable sources and you'll start to see it (or something else that can solve the same problem better).


Many places are already seeing energy surpluses. California and Hawaii are consistently reaching excess daytime energy production. If we really can store electricity in hydrogen $1/KWh, then we should be seeing hydrogen storage being built to profit off these intervals of negative energy prices. But we aren't. Is it because people fail to see this market opportunity? Or, maybe, it's because writing a white paper claiming an extremely cheap cost is not remotely the same thing as actually building an energy storage facility at said cost.

I agree, we should tighten screws to eliminate fossil fuels. But hydroelectricity is the only scalable form of grid storage we currently have, and that's limited to the right geography. Expecting some unproven technology to be a silver bullet for storage is extremely wishful thinking. We need to be honest about technologies like hydrogen, compressed air, flywheels, etc: These are experimental technologies that might operate cheaply at scale, but we have no real-world experience to back up these claims. I could just say "storage is irrelevant because fusion will deliver energy at $1/MWh" and while nobody can technically disprove it, since they can't see into the future, it's also dishonest to claim this as fact for the same reason.


Natural gas is really hard to displace here, and won't happen until it becomes and stays expensive. It may now be above that price level in Europe, but it has to stay there to enable the capital investment in large scale green hydrogen production.


Yet the condition you claim will give rise to widespread adoption of energy storage already exist in Hawaii: fossil fuels have to be imported making it expensive, and daytime energy prices regularly go negative due to widespread solar adopt. These conditions have existed for years. Yet people aren't storing and reselling this energy. Why not? If hydrogen storage really costs only $1/KWh then a company can reclaim their investment cost in less than a week of operation, with an average price of $0.30/KWh in the state. It's basically free money.

The reality is that hydrogen storage costs nowhere near $1/KWh. People making predictions about what a technology will cost and actually building it are two totally different things.


That storage cost is in salt formations, a technology that is already widely used to store megatons of natural gas. A single salt formation in Delta, Utah could store enough hydrogen to supply the entire US average grid power for 30 hours (and efforts to exploit this formation for hydrogen storage are ongoing). Salt formations exist in ample supply in Germany and Europe, but there are none in Hawaii, which is entirely volcanic.


The same excess of energy during peak renewable production exists in California, and parts of Europe. So this problem is more than just Hawaii's geology. There are costs in electrolysis, compressions, decompression, and conversion back to electricity that are just being hand-waved away.

Can you point me to a developer that's actually offering to build hydrogen electric grid storage at $1/KWh? As in, if I give them $1 million they will build 1 GWh of hydrogen electric storage for me. Are there any enterprises actually willing to provide grid storage at this cost? If so, please point them my way. I'll make a massive amount of money. But I doubt I'll have anyone taking this offer.

The storage costs your citing are absolutely incredible. As in, I genuinely do not believe them. You're claiming that the entirety of the US's grid storage (which cost billions of dollars to build, mostly in the form of hydroelectric storage) can be matched by only $20 million in hydrogen storage. This is a cost estimate totally disconnected from reality. Until enterprises are actually building hydrogen electric grid storage for $1/KWh then this figure is meaningless.

If not then what's your explanation as to why people are missing out on the opportunity to become billionaires or trillionaires by construction hydrogen electric storage? Bill Gates alone could build enough storage for 24 hours of the USA's electricity consumption with only 10% of his net worth. This would be a rounding error on the national budget.


It's actually closer to $0.10/kWh, but we have to account for the cost of upgrades to the infrastructure.


Scaling is also hard... Turns out you need more than "trickle" overproduction to make reliable amounts of green hydrogen for energy storage.


Hydrogen is relatively inconventient/difficult to handle except when transported via pipeline.

There appear to be no dense long range pipeline networks (for hydrogen) connecting multiple countries (yet).

Pipeline networks for natural gas aren't designed to safely transport pure (or high concentrations of) hydrogen, so over a certain concentration hydrogen would have to be converted into synthetic natural gas. The latter conversion appears to not yet be deployed at very large scales.

Seems to me that the reason why there is no large scale hydrogen generation yet (though there are medium-large/industrial scale projects now), is simply that until now large scale wasn't economically feasible. With hydrogen strategies and more pressure from a price on CO2 on their way we'll definitely see more of it soon.


For grid storage, hydrogen would not need to be transported at all (although the option to do so is there if it's favorable). It could be made above the storage caverns, pumped into them, then extracted and consumed there.


> What would make sense is larger local stores of hydrogen, to be burned in combustion turbines during the rare wind outages.

Would this work when there's little wind for a week or more?


Absolutely. Hydrogen can be stored underground for maybe $1/kWh of storage capacity. There would also be power related costs, but those don't matter nearly as much for rare event backup.

Germany alone has the potential to store an estimated 9.6 PWh of hydrogen, enough to supply their average electric power demand for years, not weeks.

https://www.sciencedirect.com/science/article/abs/pii/S03603...


Creating hydrogen with excess power is really inefficient energy wise and also tips the scales of cost a lot.


Only a fraction of the renewable output would have to be routed through hydrogen, though. It turns out this is still cheaper than new nuclear for providing "synthetic baseload" supply, especially if one looks at projections of how much renewables should cost in the time it would take for any new nuclear plant initiated today to come online.


Said "fraction", for moderately modest needs and assuming just 24h window where it provides "baseload" can be as "low" as 1/3rd of total renewable capacity - assuming that renewables do 100% of peak whiel saving the excess..

Or so analysis from people I know in the industry, interested in decarbonising (not fossil lobby related), show.


Sounds about right. See https://model.energy/ for a toy model that gives about that number, when you solve the optimization problem for Germany. The optimal solutions still have some renewable curtailment, though.


Trying to get usable values for Warsaw area, it gives me the result that we need 8x overbuilding (curiously it suggests solar power mostly), and I'm not sure if we could decarbonize heating on that.


Poland is one of the worst places on Earth for renewables. If nuclear still has a shot, it's around there.


If the energy is basically free which under certain circumstances (lots of wind) could happen, does it matter how inefficient it is?


> If the energy is basically free which under certain circumstances (lots of wind) could happen, does it matter how inefficient it is?

There are two sides to this cost: energy production, and storage.

The part which is argued to be essentially free is the production, which is not synchronized with energy consumption patterns.

Renewable's main challenge is how to store energy cheaply in order to be able to be used reliably to supply the baseline. Until that happens, everyone is required to employ non-renewable energy sources that can and do meet the baseline.

It matters nothing is production is free if storing it to supply the baseline is more expensive and thus wasteful than conventional non-renewable sources.


Depends how expensive the electrolyser is. Just because I did make something when I was 9 years old that could fill up a small jamjar with hydrogen, doesn’t necessarily mean it’s economically viable.

(I have no idea either way if this is an important limit or not. Just that it can have other sources of downside besides merely using otherwise wasted energy).


There have been reports of cheap mediocre efficiency alkaline electrolyzers in China for under $200/kW. This is indeed a key area for hydrogen from intermittent renewables to be successful, but I think there's great room for cost decline here as volume ramps up.


The creation of the hydrogen is only a portion of the overall system cost, which may total cheaper than alternatives.


We should probably prefer pumped hydro before stored h2.


Molten Salts powering the old coal plants in a closed system.


Hot sand looks even better (much higher storage temperature):

https://arpa-e.energy.gov/sites/default/files/2021-03/07%20D...


> Building more nuclear helps de-risk wind droughts.

No, not at all. Nuclear is used for base loads, not to compensate fluctuating electricity production of other sources.


But if a country mitigates, e.g. by having many operators of different technologies, then consumers can hardly help noticing the price of nuclear. So the operators of nuclear plants end up having to explain ⓐ why they're expensive ⓑ that they are more reliable than the Japanese operators at Fukushima and c) why they still require public subsidy of their liability insurance.


When you say "why they're expensive" do you mean the plant itself, or the produced electricity?

In any case Fukushima is easily explained: They ignored the risk of tsunami despite two studies (and governmental bodies) warning of it. The real reason the Fukushima is so damaging, is that the Japanese are seen as generally "competent", so their mistakes/hubris are seen as reproducible anywhere i.e. "if the Japanese couldn't get it right".


Either, since the income should justify the investment: One wants nuclear plant operators to have plenty of income, so as not to be tempted to save on maintenance.

I agree entirely with the hubris argument. And it's a harsh one, because if an organisation claims to be more competent than the Japanese and and safety-minded too, why can't it persuade an insurer to sell it liability insurance on normal commercial terms, at a justifiable price? It's a difficult argument to make.


> if an organisation claims to be more competent than the Japanese and and safety-minded too, why can't it persuade an insurer to sell it liability insurance on normal commercial terms, at a justifiable price?

It's because nobody else buys that amount of insurance. A hundred billion dollar insurance policy has significant risks and costs to the insurer completely independent of the actual risk of a claim.

For one thing, the insurer is required to hold enough capital to pay out possible claims no matter how unlikely they are. So you're basically paying interest on that sum of money in the difference between the ordinary market rate of return and the lower return on the "safe" securities insurers are allowed to hold. That cost is completely independent of the risk of a claim; it's strictly based on the amount of insurance you want.

Then what happens if there is e.g. a major earthquake which causes a minor incident at a nuclear plant, so that 99% of the damage is caused by the earthquake but the insurer is a deep pocket and the judge is sympathetic to the earthquake victims? That's a risk an insurer has to account for, but it's not a risk you can address by improving the safety of the nuclear plant because the risk is rooted in politics.

When the risk of an incident is low enough, it's costs like that which dominate the premium for the policy. You can make the risk of a legitimate claim arbitrarily small and those costs would still be the same.

And it's an isolated demand for rigor. Nobody else is required to carry that amount of insurance. When a coal mine turns an entire town into a superfund site and kills thousands of people, they just file for bankruptcy. What would the alternatives cost if they had to carry the same insurance, or pay for their externalities?


That's why huge insurance policies are typically syndicated across multiple insurers with reinsurance companies taking on part of the risk.


Reinsurance has nothing to do with it. Lawyers could convince a judge to make the nuclear plant insurance pay out to earthquake victims because no one else can. The increase in the premium from the amortized risk of that happening is the same whether you spread it across other insurance companies or not.

Try going to a major insurance company to get a policy that pays out in the amount of two hundred billion dollars in the event that you're abducted by aliens. If you can get the policy at all, the premium will be unaffordable, and it's not because the insurance company thinks there is a significant probability that you'll actually be abducted by aliens.


You can't compare 1/3rd of all plants being down with the volatility of wind power.

On November 3, 2015, German wind power generated only 0.2 GW. Its power rating at that time was over 40 GW. How do you want to compensate for that?


By having other power sources as well. Starting with offshore wind, then of course, solar cells. Build up more storage (both biological gas and synthetic gas, water, batteries), strengthen the European networks. The chance is very good that on windless days in Germany, there will be quite a bit of wind in France. Same with solar. A 1 GW DC line to Norway was put into operation just recently. And of course, we can keep all those gas power plants in reserve for those few days per year when nothing other is sufficient. The goal should first be, not requiring them to run on a day to day basis.


Yeah.. Lets base a large amount of our energy generation capacity on a resource that require a large amount of space and has a non zero chance of not producing anything, and lets back that up with excess power generation capacity which can mitigate this and does not exhibit this flaw.

Windmills are f.king stupid for anything other than local production.

Solar, Nuclear + Gas and grid storage seems like a way better approach.

Not to mention the fact that in wintertime windmills needs to be de-iced with the same chemicals they use on airplanes in colder climates.


Wind turbines that need to deal with ice typically have an internal de-icing system, with electrical heaters[1].

The meme about de-icing with chemicals was spread by oil and gas consultant Luke Legate. The picture he shared was actually showing a helicopter using plain hot water to de-ice a wind turbine in 2015[2]. This is sometimes used as a backup de-icing method.

[1] https://www.iqpc.com/media/1001147/37957.pdf

[2] https://www.usatoday.com/story/news/factcheck/2021/02/18/fac...


It is stupid not to have windmills in the mix. In Germany they contribute more electricity than solar cells. Especially at night, in the winter. So one should have both solar and wind, the mix depending on the local conditions. In southern Germany there is more solar, in the north more wind, especially near the coast. Wind power also doesn't require much space, you can farm or grow forests below them.


>There's nothing special or magic about nuclear.

Except it can run at peak efficiency when it is cloudy and not windy. This is one of the biggest selling points with dirty energy.


Whenever nuclear fails you can trace it directly to poor policymaking rather than any faults with the underlying technology, unlike something like coal which is flawed from the drawing board due to pollution.


> Whenever nuclear fails you can trace it directly to poor policymaking rather than any faults with the underlying technology (...)

This line of argument is pointless because policymaking is not something that you can remove from the equation or even ignore the risk that it fails. It's a kin to claiming that a machine mostly fails because of human error when human interaction is mandatory and a critical part of the process.


It's not pointless. It goes to show that there are good policies undertaken by certain groups in regards to managing nuclear power (such as the U.S. navy that has operated reactors longer than anyone without much incident), and bad ones (like Chernobyl).

On the other hand, for these other energy sources there are serious faults with the underlying technology that policy can't do anything about. Take a coal plant. The entire mechanics of that technology rely upon taking a block of solid carbon and converting it to a gas and expelling it into the atmosphere where it lowers air quality and increases the greenhouse gas effect. There is no way to policy your way out of that inherent fault with this underlying technology where you need to add more carbon into the air in order to produce any energy.


Can't overbuilding also increase prices because all those plants have capital costs that have to be paid for whether they produce or not?


The capital costs mean the plants cost more to run than they would otherwise, but this wouldn't necessarily factor into the price. There's no reason to pay more for extra energy that costs more, so adding a plant that charges even more than the market price would not be able to sell any energy: the market already provides for demand at a lower price. What might actually raise the price is plants going offline, or existing plants raising their price. These things will probably happen, but they could happen anyway regardless of whether new plants come online.

To attempt an analogy, if I put up a sign that I'm selling iPhones at $6000 each, that won't actually raise the prices of iPhones. That's because customers can already get enough iPhones from Apple, even though they complain that Apple sells them for too high a price too. My offer is just never an alternative, not until Apple raises their prices much much higher (or goes out of business).


Exactly. Rosatom trolled EU on twitter:

"So apparently you cannot build your entire electricity system on weather-dependent energy sources. Who would have thought?"

https://twitter.com/RosatomGlobal/status/1438395621648572418


Lots of people blaming the shockingly high gas prices on the wind not blowing these days it seems.


That... Does make sense? Weather issues -> increased demand -> gas consimption increases


They are also enormously expensive to construct and don't scale down. You can build a single wind turbine for what, $100K? Even a basic nuclear power plant is now around $50B, which is a large chunk of change to take away from taxpayers leaving even less money to research more renewable/sustainable alternatives.

I do think that a better policy decision over the past 30 years would be to be more strict on building regulations to ensure good levels of insulation at construction time, which is much cheaper than retro-fitting. Also making sure it is done properly, I've seen plenty of builds where a few sections of insulation are missing because the builder ran out and no-one really checked.


> You can build a single wind turbine for what, $100K? Even a basic nuclear power plant is now around $50B

A modern wind turbine will typically feature a 20 years lifetime and cost a few million dollars to produce a handful of MWs.

On the other hand, we see nuclear power plants happily going over 50 years of service while producing power in the magnitude of a few GWs -- and they do not cost $50B to build, but somewhere in the ballpark of a few $B.

Taking the very very rough estimate of twice 1000 wind turbines vs. one nuclear power plant to produce a few GWs over half a century, we arrive at $2B for the wind turbines vs. e.g. $5B for the nuclear plants. Of course, this does not take into account the fact that the wind turbines must be supported by another power source for when there is no wind, that maintaining a nuclear plant is much more expensive than maintaining wind turbines, that 1000 WT require manifold more ground space than a NPP, etc.; but we are still very far away from $100K vs. $50B. And that is also without taking into account the commonly cited load factors of 0.25-0.4 for WTs vs. 0.85-0.95 for NPPs, which would require building at least twice as many WTs in locations complementary w.r.t. exposition to winds to be palliated.

Windmills can be very nifty ancillary power sources, but they do not hold a candle to NPPs in the context of a(n) (inter)national power grid.


> they do not cost $50B to build, but somewhere in the ballpark of a few $B

Which reactors are those? Hinkley Point C in the UK is £22.9 billion so far and is years away from completion. Likewise, Olkiluoto Unit 3 in Finland is up to €11 billion so far and also years from completion.


Those two examples are innovative sister projects (the EPRs) which are infamous in the nuclear community for having gone far overboard regarding both delays and over budget, and are much more representative of France fucking up its industrial know-how than anything else. Prices of more conventional designs (https://www.synapse-energy.com/sites/default/files/SynapsePa...) stand in the aforementioned mentioned ballpark.


The reactor we stopped building 30 years ago didn't cost near that.


Nuclear is just as bad in terms of following demand the capacity factor is at best 90% but involves weeks of downtime for refueling etc. Worse the economics only work out when production is kept close to 100% when available limiting adoption in a wider electric grid. France dealt with sub 70% capacity factors even with massive exports that’s roughly a 0.9/0.7 = 30% price hike per kWh.

You can use batteries to level our wind but you really need multiple nuclear power plants operating in concert which gets you back into the 10’s of billion dollar range for dependable nuclear power. However, even that few billion dollars is still massively excessive for a small island. The European grid is large enough that the unit cost isn’t a big deal, but the minimal scale of nuclear still results in various inefficiencies from transmission losses etc.

A much larger problem is simply the cost per GWh, building nuclear today means estimating it’s still going to be cost competitive in 40 years which really doesn’t seem to be the case. Even back in 2000 people where looking at various long term estimates and the required subsidies to make Nuclear cost competitive didn’t seem worth it.


All nuclear power plants in Germany are capable to be operated in load-follow mode, see:

> https://www.ktg.org/ktg-wAssets/docs/fg-bet-rph-lastfolgebet...

Also, nuclear power was never subsidized in Germany:

> https://dserver.bundestag.de/btd/14/080/1408084.pdf (page 16, answer 27)


>Also, nuclear power was never subsidized in Germany:

Haha, that's a good joke.

>Direct and indirect German government subsidies alone, including research grants and tax credits, since the mid-1950s have added up to €287bn, FÖS has calculated. Another €9bn were spent on other costs for the state, such as police operations during anti-nuclear protests, or follow-up costs from nuclear operations in former Eastern Germany.

“Great part of these costs never had been included in the electricity price, which is why atomic energy wrongly was considered as a cheap power source,”

https://www.rechargenews.com/transition/no-higher-cost-energ...


Nuclear “Load following“ doesn’t reduce the number of workers needed, capital investment etc. It’s like turning off wind turbines you don’t really save money, it’s just useful to help balance the grid. In effect every time you do this with Nuclear, Wind, or Solar you end up increasing the cost per kWh produced.

In 1998 the Atomic Energy Act established the maximum insurance liability of nuclear insurer at about €2.5 billion; for damages above that cap the Federal Government is liable according to § 34 of the Atomic Energy Act. That’s a German nuclear subsidy, they have a few.


> Also, nuclear power was never subsidized in Germany

The German government took over responsibility for managing final storage of nuclear waste for something like 20bn EUR from the industry but is already projecting that it might cost more like 50bn EUR to actually find such a place.

Nuclear's price will still haunt tax payers long down the road.


If you have gigawatt-sized gaps to fill in non-fossil generation, then it doesn't matter that something doesn't scale down, it's a problem if something doesn't scale up. It doesn't matter how much a single wind turbine costs, it matters how much a gigawatt of wind turbines costs and where you will place all of them.


Exactly. Cheap wind and solar electricity is useless if it isn’t produced on-demand.

It still blows my mind that so many have such a hard time grasping such a simple and fundamental concept.


Because it's just wrong. In any grid you always have at least some form of demand side management. Dispatchable consumers.


Add enough storage to the system and the on-demand problem is solved.


That doesn’t make sense. Building new nuclear plants is among the most expensive forms of electricity generation:

https://en.wikipedia.org/wiki/Cost_of_electricity_by_source


Factor in all the externalities that these other forms of energy bring in and nuclear is probably one of the cheapest. If you could put a figure on the economic damage from an entire city of millions breathing in fumes from pollutants every day on their lives, it would probably be astronomical.


> Factor in all the externalities that these other forms of energy bring in and nuclear is probably one of the cheapest.

There's a lot of handwaving in that personal assertion. The fact is that nuclear is by far more expensive than any alternative source of energy, baseless assertions on how with some imagination you can inflate cost of alternatives does nothing to change that.


Its not imagination, you can quantify these things. There have been thousands of studies showing the economic damage of something like a polluting coal plant and its not like we pass these costs on to the polluter ever, so of course the price of a coal plant looks low when you ignore the hospital bills and the loss of biodiversity. I'm not going to do your book report for you though.


> Its not imagination, you can quantify these things.

Please get back when you find any rational and serious quantification of these externalities, specially one which accounts for a few millennia worth of babysitting residues to validate a business that goes for a couple of decades.

Until then, please cease with the hand-waving.


Were those comparisons made with current prices for natural gas? Probably not.


Probably not, but the gas price is peaking for several, mostly temporal reasons. Especially if the overall gas usage drops due to more renewable electricity, the gas price will drop also.

But the real competition for nuclear energy shouldn't be gas (which is expensive even in better times), but renewables. We need much more of them.


Winter is yet ahead, in the coming 6 months gas usage is only going to increase, so I don't think that this peak will decrease any time soon.


When we talk about possible new nuclear plans, we are not talking about the next months but years. Short term not much can rectify the situation other than trying to buy more gas. Ironically, the much criticized north stream 2 pipeline has just become ready to put into operation.


Prices now are largely based on projections for winter.


Even at current NG prices in Europe, combined cycle is still probably cheaper than new nuclear.


Only in the west. In Korea it’s about the same price as other clean energy forms.


I'd happily pay the price for nuclear in exchange for it's cleanness.


Assuming that's true so what? Do we have any other choice? What other low carbon options do we have? Germany already has enough wind and solar that it's causing issues on bad weather days. Battery technology needs another decade or two the bare minimum to get close to being viable.


It was the cheapest just 10 years ago.


That’s only when you compare the levelized costs of electricity and ignore the huge system costs of volatile renewables.

You don’t gain anything from cheap wind power if it’s not available when you actually need it.


What about building huge solar plants in Western Sahara and Morocco? The Moroccan Government seems pretty friendly and stable.

If we then configure all our electric cars to charge during the day, and discharge from 6pm onwards, we can address a lot of the evening peak.


All depends on the cost and the timescale. You can do both of those things, and while neither could be built at a scale to be a complete substitute overnight, they’re probably both faster to build than modern nuclear plants.

(I’d go for these and nuclear myself, but nuclear isn’t generally popular and I don’t see that changing).


Even with HVDC I'm very sceptical that we'll soon see enough transmission capacity (electrical) from northern africa to europe or other regions in the world for that to become a relevant part of the eurafrican grid.

Why? Because we'd need lots of these.

Take this project as a reference: https://en.wikipedia.org/wiki/Southern_Hami%E2%80%93Zhengzho...

Capacity: 8 GW Cost: ~ 3 billion EUR

Assuming 10 kW each, with one such HVDC connection you could charge/discharge 800000 cars simultaneously. That is quite a lot less than the current number of cars and 10 kW is a lot less than the charging speeds which are currently being offered.


You need access to millions of gallons of water a year to run a huge solar plant like Ivanpah, not to mention there probably aren't a lot of great roads for bringing in materials for heavy construction in the sahara vs the American west where in a days drive you are in the container yards at the Port of Los Angeles, so its not as easy as just plopping solar panels in the middle of the desert all over the world.


Pointing to Ivanpah is disingenuous, as solar thermal of that kind is has failed to compete. PV is much cheaper now, and PV needs no cooling water.


Even without the water, the fact that you are practically on the moon out in the deserts of Africa makes any sort of operation difficult enough. It's probably much less of a headache to just open a nuclear power plant on the morrocan coast than to do anything that produces a similar amount of power out in the morrocan desert, where there might not be any roads let alone a grade separated freeway and a freight rail network connected to every port on the continent, as is the case even in some of the more desolate parts of the U.S..


I doubt so.

A nuclear plant would let Morocco more dependent (expertise and combustible). Multiple intents to obtain uranium (either by mining it, as early as in the 1940's, or as a by-product of phosphate mining) aborted. Selling claims to foreign companies is less risky and is the path followed by Morocco.

A solar farm isn't a plant, there is no real permanent need for heavy-duty infrastructure: it needs few input (no energy nor raw matter, and most spare parts can be stored in the farm) and a set of power-line conveys its sole output, no need for freight trains/trucks.

Moreover Morocco's South is quite different from the average subsaharian desert. There are transport infrastructures, a very pertinent expressway (A3: Casablanca-Marrakesh-Agadir), ports (especially at Laâyoune), even airports (Dakhla can accommodate a Boeing 737). There are serious mining operations, see for example Phosboucraa. Some infra was created by French colons in order to exploit mines and is more-or-less maintained and extended.


Isn't offshoring power a major security risk? Terrorists cut the cables or the external nation prioritises power to themself or others in some time of crisis.

I'm all for global trade but as we saw with medical supplies in the early covid days, core services for society to function should to some base minimum be held and produced domestically. I'd think this includes power, medicine and food.


What about Spanish deserts for starters?

Germany might get more kWh per euro invested in the panels it it was to construct them there, though of course it wouldn't be with german workers.


What happens in severe storms?


Then you rely on turbines instead, or turn on your nuclear reactors, or import from neighbours.


Sure nuclear is all good until something goes wrong and you need 30k years to inhabit the area again, but that can't ever happen...oh wait. You need to weigh cons as much as pros.


We also need to be using up to date data about reactor designs that are safer rather than the older and more dangerous ones (eg FAST, slow wave).


Although I'm generally pro more nuclear, this argument isn't massively compelling to me. The failed reactors of the past were considered safe when they were built.


The two large scale events involved a) known problematic design with a lot bad process (Chernobyl, the RBMK, and especially the condition into which the overall system was put before start of the event, would have failed a safety inspection under then-current Soviet rules) b) a plant where owners ignored multiple reports about dangers of tsunami capable of overcoming the defenses, and ultimately failed to contain due to loss of power to run the pumps (especially since all reactors scammed in the area). Again, failing requirements to keep running safely.


That's the problem though isn't it. Reliance on humans.


Which is not a problem in designs that incorporate passive safety (FAST, slow wave).


Or already tested out (including in an accident) SVBR design... unfortunately, other than the geopolitical issues, it is partially locked by low supply of bismuth (it has a variant without bismuth, but it's not without downsides, iirc)


Yeah, SVBR is a FAST reactor.


"The failed reactors of the past were considered safe when they were built."

Honestly, this is a terrible argument. It's like saying 'a few people died from eating bad apples, so we should ban oranges for fear that they are the same'. The technologies being discussed are fundamentally different. Not to mention that we don't apply this 'past performance as an indicator of future performance for different systems' paradigm to any other area of life.

The main difference is that they were not considered fundamentally safe. The newer, safer designs utilize the laws of physics for passive safety. The older ones relied on systems that had to function to prevent failure. It was an engineering design assumption that was wrong (that the systems would always function). That's a huge oversight to not run through emergency scenarios to see what would happen.

If you really want to look at historical data, then we can look the precursor to FAST that was tested for the past 60 years at Los Alamos and the numerous emergency scenario testing of the next gen FAST reactors.


Why downvote without comments?


But also in terms of cost? Nuclear power plants are not exactly cheap.


A NPP is an order of magnitude more expensive than a combined cycle power plant of the same power output. So even if electricity prices are high now because of gas constraints, that doesn't mean a NPP would have been a good idea.

Europe should perhaps have diversified their gas suppliers, with more LNG.


> Europe should perhaps have diversified their gas suppliers, with more LNG.

If climate change is supposed to be an existential threat, we shouldn't be doing major investments into fossil infrastructure.

Anyway, if we spend all that money to build LNG infrastructure, like terminals, ships, and having contracts with suppliers etc. just for the few and far between situations where the price of LNG drops below Russian gas, the price/kWh is going to be pretty high as well due to all that capital sitting idle most of the time.

A bit like this, per se sensible, argument someone in this thread made that keeping a nuclear plant around just to balance wind/solar output is pretty expensive.


One of considerations for LNG is that it's not purely an economic concern as from a country perspective energy independence might be considered just as important as climate change (in the short term) and it's worth paying some premium to secure it. Just as Europe has farming subsidy policies that essentially result in Europe paying a premium for food over what would be a "global market price" (importing more food from e.g. Africa and exporting less food), mostly in order to ensure long-term food supply independence.


I fully agree. Energy, particularly gas, is certainly seen as geopolitics in the Kremlin.

That being said, I think the focus should be on (massively!) building out wind/solar/nuclear/transmission/storage, allowing Europe to tackle both climate change and dependency on a not-entirely friendly Russia at the same time.


Its more expensive to build because you know... a nuclear meltdown is a thing to avoid.


And also because combustion turbines are a seriously nice technology. Heat exchangers are expensive. A NPP transmits heat across many fluid/solid interfaces: fuel rods to coolant, primary to second coolant heat exchanger, secondary loop to steam generators, and steam to cooling water in the condenser after the turbines. A simple cycle combustion turbine avoids all that. Even a combined cycle power plant puts much less heat through its steam bottoming cycle for a given power output.


Correction: I added an extra loop there. Silly -- the primary loop drives the steam generators. I may have been thinking of MSRs, which have a sterile salt loop between the steam generator and the fuel bearing salt.


Also worth noting that Boiling Water Reactors (about half the current fleet) eliminate the steam generators and secondary loop, at the cost of increased nuclear and mechanical complexity in the reactor.


Russia’s brand-new Novovoronezh II NPP with 2x1200 MW costs $4 billion to build.

Germany is paying 24 billion Euros of renewable energy subsidies through its electricity prices - every year.

Nuclear can be cheap if you don’t mess it up.


LNG gets expensive because it’s a globalize market. Cheaper to use pipelined Russian gas and try not to think too hard about the repercussions.


The price of NG in Europe is now well above the price of LNG.


Considering what the US and Australia did to France a few days ago, the EU might not want to depend on LNG from the US. With Russia they know with whom they are dealing.

France and Germany are the EU's most influential countries and the US is continuing to meddle in EU matters even after Trump left. From the EU point of view there is next to no change since Biden took office and now even France is questioning NATO.


LNG is a global market now, so one is not locked into LNG from just one supplier. It used to be that LNG required long term contracts, but there's enough sloshing around now that the market is more like oil.


Nuclear doesn’t need any backup plants or grid extension. The capital costs are high, but the electricity production is almost a 100% planable and reliable.

I mean, Germany’s electricity situation is basically proving you wrong. We have the highest electricity prices, worldwide.


At this point nuclear is the most expensive per mw. And the vast majority of that expense is upfront. So almost no one wants to invest in these things because they're incredibly risky.


Cost should always be a consideration, but when you see people conveniently ignore some costs and focus on others, it does a disservice to the goal of decarbonizing the grid and it isn't clear what they are really trying to accomplish.

The levelized cost for residential rooftop solar is about as high as nuclear, but that cost doesn't seem to matter to some advocates and they continue to strongly support subsidizing it.

The potential costs for renewables + storage is about the cost of nuclear, but that cost also doesn't matter to some advocates. (If grid storage was cheap, we would have built it decades ago.)

https://www.lazard.com/perspective/lcoe2020

Some advocates recommend massively overbuilding solar or wind to deal with seasonal differences. This is obviously at least a direct cost multiplier but that doesn't seem to matter to some advocates.

Advocates also describe how we will rebuild the electrical grid to move vast amounts of solar or wind power across the USA. This will not be cheap, simple or easy to protect against terrorism. Even the relatively small proposed Tres Amigas super station hasn’t been completed yet. The potential costs here don't seem to matter to some advocates.

Some advocates for renewables seem happy with relying on natural gas peaker plants where necessary to get around the costs of building grid storage, but methane is a very potent GHG in the short term. (There are lots of atmospheric losses in the capture and distribution of natural gas.) No one concerned about climate change seriously thinks that burning natural gas is a long term answer.


> they're incredibly risky.

Nuclear is risky?? I've heard the opposite, nuclear power plants tend to be extremely safe. You probably think it's risky because of 2 or 3 large scale accidents in the last 50 years or so. While those have a large impact, I don't think I would consider nuclear "extremely risky" just because of those.


I think they mean from the standpoint of it being a major financial investment with a non-negligible risk of project-failure subject to political whims and a high likelihood of significant cost overruns. I'd love to see some subsidies to address those issues though.


I mean financially risky.


Actually, it’s the opposite. It’s absolutely low risk because the electricity production can be sold years in advance if you want.

Nuclear electricity has the highest of all capacity factors and is therefore almost 100% planable, so there is virtually zero risk.


Very little in electricity generation has virtually zero risk.

Nuclear tends to have a higher capacity factor than most other baseload generators, but it also has unplanned outages.

https://www.eia.gov/todayinenergy/detail.php?id=45176

The biggest risk I've seen is that unanticipated events (including financial events) will completely shutter a unit, like San Onofre and Indian Point 2.

https://en.wikipedia.org/wiki/San_Onofre_Nuclear_Generating_...


If your average cost overrun is around 100%, then it absolutely is financially risky. And selling years in advance is not just possible but necessary for nuclear plants - people would never agree on such prices 10-20 years from now so the have to be locked in even as the plant is being built.


Some real costs are hardly predictable: hot waste long-term management, decommission (see the UK case) and especially any boo-boo (Fukushima cleanup costs will be in the ~500bn USD range) do threaten the financial model.

https://en.wikipedia.org/wiki/Fukushima_disaster_cleanup#Cos...

https://www.theguardian.com/environment/2020/nov/27/uks-nucl...


By all means go to current financial markets and ask for huge loans in this low-interest-rate high-inflation market. It isn't even about risk (though risks caused by regulation/government oversight are manifold). It's about return, or the lack thereof.


The fixed priced negotiated for Hinkley Point C is something like 90 GBP per MWh for the next 35 years.

The market spot price in the UK is at 150-200 GBP per MWh now.


> is something like 90 GBP per MWh

...in 2012 value of GBP. Right now the inflation-adjusted value is something like 112 GBP per MWh or so. You'll have to do the math yourself for future inflation.

Also the spot price remaining like this for the next 35 years is obviously out of question. These levels of prices will attract investments in generator technologies that can be scaled up very quickly.


(Some) Advantages of nuclear power in comparison to 'renewables': - EROI (energy return on energy invested) - ratio of land required / energy produced - much lower flow of materials (rare earth etc.) - constant and very high power output (no storage needed)


Well yes, but I'm a bit skeptical that nuclear is also cheaper.


IIRC nuclear is cheaper than the batteries, if that’s the limit, but land use of PV is a bit of a red herring: it can scale up or down, fit in spaces other things don’t. Rooftops, waste land, mounted on top of road noise barriers…

There’s no reason that I’m aware of not to cover the grounds of nuclear power plants in PV.


Some companies are buying up old farmland in California's central valley and turning them into solar farms. Seems like a great transition of land use, especially if water is going to be a continual problem over here.


Huh, I’d have assumed they’d do that in Nevada rather than in Central Valley. But yeah, it can go anywhere that’s otherwise unused.


Central Valley is a lot closer to large population centers.


>There’s no reason that I’m aware of not to cover the grounds of nuclear power plants in PV.

I'd be hesitant to impede access to various parts of the facility for safety reasons. Also, until a permanent storage solution is developed, reserving space for onsite storage is a very sensible thing to do.


It is cheaper as long as you don’t ignore the necessary backup power plants that solar and wind need.


It's cheaper even if you don't ignore that.


It was cheaper 30 years ago when we stopped building…


Building more energy-hungry datacenters that picked up any wind farm production also hasn't helped.


But need that killer low latency!


Of course, if thet had built them the price of electricity would be even higher...


look up "Negawatts"


Nuclear is not as clean as people try to green wash it out to be, nor is it ethical. https://meta.eeb.org/2017/10/18/french-state-owned-company-c...


The face that merely "thousands" of people are impacted by France's uranium mining isn't testament to a large ecological impact, but the opposite: Nuclear's ecological impact is far less than renewables. Hydroelectricity - by far the largest renewable energy source, more than wind and solar combined - has displaced hundreds of thousands of people. The Three Gorges Dam alone displaced 140,000 people [1]. Lithium and cobalt extraction will need to increase by orders of magnitude to provide the necessary storage for intermittent renewables.

The immense energy density of nuclear fuel means far less of it needs to be extracted to provide energy.

1. https://en.wikipedia.org/wiki/Three_Gorges_Dam#Environmental...


For the UK it's a tripple whammy right now: high gas prices, a fire at an interchange to France and with Brexit they left the EU’s internal energy market. As a result the prices for electricity are skyrocketing at certain times of the day.

That's what weekend pricing looked yesterday: https://i.imgur.com/U275C5r.png


I mean, £1/kWh is pretty high, but it's not totally outrageous and it appears to have been capped by some kind of regulatory limit. 42¢/kWh is the standard retail price in California during peak demand hours, and that's not a huge difference.


You pay $0.42/kWh real time peak price in CA on a normal day? That's an absolutely bonkers number to me. Normal peak real time prices in Texas are like $0.12/kWh


We moved from California a few years back. We lived in an area that they had tier usage based on $DATA. That meant that you went out of the most affordable tier after you ran a refrigerator and a lightbulb. We always were charged over a dollar per kWh. Moved out to the PNW and I'm paying under $0.07/kWH now. It's fantastic.


Yes, we are talking about California not Texas, not unexpected.


That’s the summer price between 4pm and 9pm in PG&E territory, yes. Avoiding this rate is pretty straightforward.


I pay $0.13USD per KWh in NH for electrical energy.


Hello fellow New Englander! Do you know what produces NH’s energy? I believe in MA it’s mostly natural gas, though solar is growing (I’ve got solar on my roof and my electric bills have been in the single digits all summer).


I looked around a bit. Seabrook (nuclear) provided 60% of NH power. [1] 899 MW out of 1654MW 54%

As of 2021 it's claimed that NH solar generates 141 MW [0] 8.5% Natural gas was 493 MW 30%

Apparently wind energy is about zero, since it's about equal to renewables in [1] ??

[0] https://us.sunpower.com/home-solar/states/new-hampshire [1] https://www.eia.gov/state/?sid=NH#tabs-4


We usually pay 15-20p


I get that it's more, but I clicked through to read the article expecting something insane like the $9/kWh rates in Texas earlier this year.


Texan here, that's the wholesale rate. Only people on wholesale plans (now banned I believe) would have paid that. I paid 9c per kWh during the whole ordeal while wholesale pegged at $9 per kWh. My price is fixed at 8.9c per kWh for 2 years.


Sure, consumers are normally shielded from the wholesale market by regulation or contract (although not necessarily in Texas, as some learned), but I'm pretty sure the graph posted by the GP is the day-ahead wholesale market for some jurisdiction.


The strike price for nuclear power from Hinkley Point C when it becomes operational will be £92.50/MWh. This has received a lot of criticism for being too high. With current wholesale rates at £385/MWh, suddenly Hinkley Point C doesn't look so expensive any more.


Except Hinkley Point C would require those high prices persist for a decade in order to pay off. That's unlikely to happen.


Well, I don’t see why it shouldn’t happen. It’s not like the UK is currently building nuclear power plants like China or Russia do.


High prices like that will bring in a flood of new renewable capacity. It cannot last.


For 3 and a half decades.


Well, the price for HPC is very expensive. The stupid thing is that by structuring the subsidy in a smarter way the UK could have gotten it at half the price. I've seen no reason why they did it how they did except adherence to some ideological dogma. Or putting my conspiracy glasses on, maybe some politically well-connected bankers in London made off like robbers at the expense of the public at large.


TVO in Finland managed to get similar plant for final price of 5,7 milliard euros. Though it is not yet producing energy. So, UK did somewhat worse in the process.


Yep, by forcing Areva, the supplier of it, into bankruptcy by having the foresight of signing a fixed price deal.

https://en.wikipedia.org/wiki/Areva#Restructuring


Grid scale battery banks also make sense at that price.


Cost of capital is a thing though. Much easier to raise money for a wind turbine or solar panel than a nuclear reactor. They're very efficient once running, but at that point they have investors and insurers to pay back.


> £92.50/MWh

Index linked.


“ In Germany, for example, during the first two weeks of September wind-power generation was 50% below its five-year average.”

I wonder what folks in the past would have thought about the concept of ‘wind draughts’. Maybe they experienced similar things with their grain mills?


They did. Not getting your harvest in while the weather was favourable was a real problem. Mill capacity was one part of that, there were several others.


Dunno about grain mills, but sailers have long known about trade winds and the doldrums.


Including the ability to develop sails that allow taking advantage of Wind in the opposing direction.

https://en.m.wikipedia.org/wiki/Lateen


What is the relevance of sailing upwind to the doldrums (where there was little wind) or to trade winds (which reasonably consistently blew in the same direction as the trade)?

Even the article you linked suggested that early modern sailors would change to a square rigging once they got out of the changing winds of the Mediterranean. So clearly there were some advantages to square rigs (perhaps they could be made larger than triangular or gaff rigs with technology of the time.) And it would likely be foolish to plan a route to beat up a trade wind even if you could sail close to it, as you would likely be much slower than following the winds.

On contemporary boats, it seems that Bermudan rigs win as they can sail close to the wind and can also be large. But most people who go sailing today are not taking large ships across oceans so their requirements as well as their technology will be different.


> So clearly there were some advantages to square rigs

They are generally considered to be more efficient in a following wind. Also an accidental gybe with a large fore-and-aft rigged sail can be a very dangerous affair.


Like polyglot development nowadays, naturally the best ones wouldn't bet their ship in a single technology.



Why would these links never work for me? “Can’t find a server with the specified host name”


If 1.1.1.1 is in your DNS resolution path, archive.is won't resolve.


What DNS provider do you use?


Hmm, good point, I guess my ISPs standard one (on my iPhone? Not sure if Apple forces one.. I use DDG browser) it does work on my laptop indeed. Strangely that should use the same DNS... But maybe not, I’ll do some testing later, thanx.


Nord Pool has historical prices for a number of European countries:

https://www.nordpoolgroup.com/Market-data1/Dayahead/Area-Pri...

In my country the price this month is around twice that of the historical average. Switching to a electricity plan last month that is based upon these prices, instead of fixed, probably wasn't a smart idea :D


They've been signalling a 40%+ gas price increase for the winter in the news here in Romania. For the poor people and pensioners who often live month to month this is tragic news. They don't know how they'll make it when they'll have to choose between food and medicine or heat.


The answer is firewood. Often illegally acquired. But that's only for the rural folk.


Firewood is not cheap and is becoming increasingly harder to acquire. 10 cubic meter of processed and ready to use wood was around 750 or more euros this year and will be even more in the future.

I put in an order at a mill in June and didn’t end up receiving anything due to bureaucracy shutting down businesses shipping out this year’s production. I don’t know if they ended up getting past that or not as I haven’t heard back on my reservation and I cancelled it. I managed to find the last of last year’s production at a local building supply store. They told me they will not be bringing new stock next year due to high costs and decreasing profit margins. I might have to completely transition to electric heating in 2022.


And they are thinking of banning that in cities... Not that it is wrong, particulate emissions can be real issue.


Cities tend to have central gas heating or communal here. Gas tends to be the cheapest option and electric the most expensive.


What percentage of living costs is gas normally during winter there? A 40% increase in 3% of your expenses isn't a big deal, but if it's 30% that would really hurt...


Really depends on the type of house you live in. Typical heating costs for 50m^2 apartments in “Khrushchevka” type buildings (probably the dominant housing situation across most post soviet states) should be around 50 Euros per month this heating season in Lithuania. Average state pension is around 400 euros, so on average, heating should be 12.5% of that.


I can’t tell you from recent personal experience because I heat my house with firewood and IR panels but a winter’s worth of wood cost me twice the minimum wage.

My gas heating costs were minimal when I lived in an apartment because it was really well insulated, surrounded by neighbours with similarly well-insulated apartments; I could heat that up with my desktop pc mining ethereum on a 290X back when that was profitable. ;)

As an approximation, heating costs might rise for people less fortunate to close to 30-35% of their income if things end up as bad as I hear them expect.


I’ll assume poor and pensioners live in one of two situations: a house where they have a wood stove, or in a building block where heating isn’t a huge cost because you’re surrounded on most sides by adjacent units, not the outside.

Of course, the windows may have visible gaps/be single paned and there may not be any insulation, iunno.

My Canadian new condo experience is that if you have a south facing view, you may not need to turn on your in-unit heat unless it’s -20C and windy. But that’s when built to modern standards.


In Norway, where hydro powers most of the country's energy demands, consumer energy prices are now around 100-130% above July-August rates. The explanation is apparently partly milder weather, with less rainfall and less wind. The other part of the explanation is that Norway is connected to the continental grid, and is affected by higher rates in Europe.


Wonder if Einar Aas could have predicted it.

He was top on the income lists every year (they are public in Norway). From trading electricity futures, he was seemingly very very good at it for years. But suddenly a big swing wiped out his entire fortune with a margin call. Almost bankrupting the Nasdaq insurance fund in the process.

https://news.ycombinator.com/item?id=17997823

It was argued much recently that connecting us with the rest of Europe through ACER would increase the prices since other markets would pay more. But that it would also lead to higher profits for those delivering the fixed costs part of the power bill, thus that part should be cheaper and it was supposed to even out somewhat.. ?


I'm in the Netherlands, if I fix my prices for a year now (I just finished my last year contract, usage: 4200kWh and 1200 m3 gas), they go up about 33% (135 to about 180 eur/month). It's a lot, but hardly eye-watering.. yet. 2 year contracts go up less (about 22%). Not sure what to do now. It's like the stock market but it's forced onto everybody.

Btw, I see gasoline is now 1.99 eur/litre at many stations along the highway, yet I've never seen the 2 eur mark crossed! It's like they are really reluctant to do that.


I do not quite understand why countries with large production such as France, which I remembered exported an interesting amount, seem to be hit severely (+50%). I thought they should have suffered less the unfortunate conjuncture.


Maybe French generators are free to export their production to those who are willing to pay higher prices, rather than selling it domestically, just as LNG exporters are free to export their LNG to China instead of France if the Chinese can pay more. In that case, energy shortages in Germany would raise prices in France.


In an energy market, contracts are signed for months an/or years. If France thinks it has plenty of gas supply, it can agree to sell electricity capacity to other countries, when the gas goes away, they can't just cancel the contracts.


There do exist multi-year and even multi-decade PPAs, but an enormous amount of power is bought and sold in the day-ahead and even 15-minute spot markets. The article we're commenting on actually has a graph of prices in the day-ahead market; maybe you missed that.


My best guess is that the energy providers speculated on the energy trading market and lost, creating a huge gap. There's almost no risk for them, because when they win, they make a lot of profit, and when they lose they can just tell consumers there is a shortage in energy.

Ofc. this market is highly regulated, but if I understood correctly there's a lot of room in between the whitespace for interpretations.

(Note : Highly simplified explanation, in reality this will be implemented via leverage and derivatives, but I've consulted for an energy trading division a couple of decades ago.)


Energy retailing is, AFAICS, a very low fixed cost business. You don't need to own any expensive infrastructure. You just buy electricity from the wholesale market (usually time-varying, although careful operators can of course hedge their positions), and sell at fixed price to consumers. You essentially need a web site and a bunch of annoying telemarketers.

It seems what has happened is that many of these retailers are some small fly-by-night operations. When wholesale prices are low, they make a lot of hay (making sure to store that somewhere that regulators can't get their hands on them), when the wholesale price rises, well, declare bankruptcy, and start a new company doing the same. Rinse and repeat.

Regulators should really step up the game, making sure that retailers are properly hedged etc. Or then forget this idea of "deregulated" electricity markets.


The org I mentioned in my previous post was not a reseller but an energy producer; they were the largest producers of energy both in our country and the neighboring countries.

The calculations for plant scheduling took a gazillion of parameters into account (CO2 emission rights, pricings of different kinds of fuel, weather predictions, ...)

These markets not only trade energy, but also fuel, logistics, CO2 emissions, ... (using direct quantities, options, leveraged products, things like insurance, ... If you could imagine it, there was probably someone trading it.)

If you are into this stuff: I built the prototype that validated their portfolio position with the other suppliers; it was a protocol called EPM (Electronic position matching), developed by the EFET (European Federation of Energy Traders). I am not sure how it evolved, as this was the first iteration of the protocol...


Energy generation (at least in Europe) has changed a lot in the last 20 years. So have many financial markets. I would strongly suspect that the dynamics of energy markets are quite different today to how they were 20 years ago.


Even though the landscape might have changed, I don't see a reason why trading should change (except maybe for opening up the market to smaller players who are "energy resellers"...)

In the end, trading is betting on arbitrage, and I don't see why an energy producer would stop leveraging this "free money".

A simple example: if there was good weather expected in another country, the org would set up a contract to buy the energy surplus in that country at a cheaper price. Whether or not or bio-gas & coal plants were running or not was mostly based on how much energy we needed after taking into account what happened on the trading floor, the price of our fuel and how much the other country would be charging. Of course, the other country could decide we didn't offer a good price and decide to tone down it's amount of energy it produced.

I recall a lot of market making on the CO2 emission rights for example, but that's another story.

This is a simple scenario, in real life it was way more complex. (Just think about planning something like the delivery of coal at a plant.)


yes, the dynamics of course. brilliant.


In France nuclear + water + wind + solar, all low marginal cost, cover the consumption at 99%+ timestep in the day-ahead market, but there is like 18GW of interconnect, so gas + fuel + coal are running to power our neighbours, in the electricity market the last called capacity in the cost curve set the same price for the whole time step (with some provision for interconnect capacities). Without interconnect French day ahead power price would be at like 17€/MWh, but thanks to our neighbours it is at 150. But still the day ahead market doesn't set the price paid by the consumer, there is long term futures, and 100TWh/year of nuclear offered at 42€.


Changes in the marginal price affect the whole market. The value of exports has shot up, so the export interconnects are probably working at full capacity, resulting in marginal generation being brought online to meet domestic need.


Overworking actually - they've been running a couple of the interconnects on the South Coast of England at 50% over capacity. Not surprisingly, this eventually overheated and ignited the oil-fired cooling, burning one of them down.

<<The fire at the Interconnexion France-Angleterre (IFA) site broke out in the early hours of Wednesday. The site was evacuated and there were no reports of casualties.

After the fire an electricity interconnector running under the English Channel was "not operating", the National Grid said in a statement.>>

https://www.bbc.co.uk/news/business-58579829


(If you are looking for the angled quotes ('«', '»'), depending on your system and layout, try [RightAlt]+[<] and [RightAlt]+[>]. There are keyboard layouts using four layers - regular, shifted, alternate and shifted-alternate, together with the combinations (e.g. [RightAlt]+[:], [u] → 'ü') )


Thanks, but sadly doesn't work on this laptop, (UK keyboard), hence taking the lazy option.


You are writing in English and quoting an English statement, why not use the native ("") quoting style ?


They are ambiguous as used for both quotation and figurative rhetoric. So some prefer to disambiguate: '«veni, vidi, "vici"», said the epigone of Pyrrhus'.


Because the quoted text included quotes. I'm an IT Developer, I instinctively shy away from ambiguous nesting.


Ooft - I'd heard about the fire, but not that it was caused by overworking it!


Many many homes in Europe are natural gas fuelled. Combined with low-efficiency heating systems (no heat pumps), and bans on fracking (like here in the UK) means that countries have an over-dependence on a resource that they import and have no-or-low production of at home.


I'm not sure fracking is viable enough to make a difference in the UK.


I can only read the opening paragraph and first graphic, so I’ll have to guess: my guess is the European grid plays a big part in levelling energy costs within the EU? One of the UK-France power connections failed recently, which is why the UK is much more expensive than (at least) France and Germany: https://www.reuters.com/world/uk/uks-national-grid-says-fire...


Oof, I see a lot of infighting in this thread over whether nuclear or wind/solar is better. It's so sad to see proponents of renewables fight amongst themselves while we keep burning fossil fuels.

Can we agree to build as much nuclear AND renewables as we can first, and then fight over which ones to keep after fossil fuels are dead?


Nuclear and renewables don't play well together. It really is an antagonist relationship for fundamental reasons.


Would anyone happen to know what those reasons are?


There’s only so many dollars that can be spent on energy infrastructure. A dollar spent today on wind and solar gets you a megawatt next year. A dollar spent today on nuclear gets you 100 megawatts, but in a decade. Nobody wants to spend $2.


Not spending the $2 is the real problem. Getting the $2 in the first place isn't an issue if you have a healthy tax system.

If you don't have a healthy tax system then that is the real problem. Not energy production.


Healthy taxation involves spending $1 when $1 is appropriate. Not $2 or $0.50.


If you look at optimal solutions for providing power, either baseload dominates, or renewables + storage pushes baseload out of the picture. The problem is both sources are inflexible, and compete with each other for that reason.


We're working on reducing gas dependency, shortages and price fluctuations are one factor, but dependency on Russia is another. I do wonder how much our gas import from Russia is helping us keep the peace.


I do wonder how much our gas import from Russia is helping us keep the peace.

I'm really afraid that high gas prices would be the tipping point when US and EU would turn from funding internal revolution in Russia (figures like Navalny) to a hot war.

Europe always needed and wanted our resources. Just read German documents from WWII: only part of it was hatred and desire to genocide Russians. The most serious motivation was to plunder Russian natural resources.

We don't need Europe. We have the largest country on Earth. We have all the natural resources we need. I'm tired of all this EU/US bullshit of "Russian aggression". Especially coming from a country that is eternally at war with all the world (USA).


WWII? You mean the war that Russia started, allied with Germany?


Now that's pretty nasty rewriting of history. Did you forget that it was Drang nach Osten in the first place?


If anyone is rewriting history, it’s the person making Russia an innocent victim of WWII. Russia wanted conquest of Poland and enabled the blitzkrieg.


Then you must also remember that it was Poland that allied with Hitler before anyone else, in hope that Germany will help it to attack Russia. But Hitler had other plans.

Why you always forget about this part of the history? I guess it's not illustrated well in your media blaming Russia for all of your miseries.


You cannot take anyone seriously, who writes "conquest of Poland". Do they even know, what territory they are talking about and how Poland conquered it 20 years earlier? The same Poland, who had their government officials attending NSDAP conferences.


You are denying the conquest of the sovereign nation of Poland in World War II?


Conquest by whom?

Certainly not by USSR. By the time USSR took their territories back - are you still forgetting, that Poland had conquered their territories mere 20 years earlier? - Poland didn't exist anymore and the Polish government was in exile in Romania. There was nothing to conquest. USSR took back what was taken from them.

And let's not forget that Pilsudski government, while it lasted, was fascist, just like the Germans. They played a game and they lost. Unlike Austria and Czechoslovakia, which were also thrown over the board for the Germany, they were not innocent here and had their own imperial ambitions (did you forget that they took their part in partitioning of Czechoslovakia, just months earlier?)


Your revisionism game is strong, pal.


Said by the guy who claimed that USSR started WW2.

Seriously, go read some books about WW2 and stop making fool of yourself in the public.


https://en.m.wikipedia.org/wiki/Invasion_of_Poland

September 1: Germany invaded Poland

September 17: USSR invades Poland.


I will give you few more pointers so you can study it in context:

- (1917-19) Curzon line, establishment of second Polish republic, establishment of Soviet Union, succession of Russian Empire & impact of Brest-Litovsk treaty, succession states of Austro-Hungarian Empire;

- (1918-21) Polish-Soviet War, Poland annexing Soviet territories east of Curzon line;

- 1925, publication of Mein Kampf; outlining geopolitical ambitions of Germany

- Intermarium project, Jozef Pilsudski, geopolitical ambitions of Poland

- Polish relations to Germany in 1930s

- (1938) Munich agreement, role of Poland

- August-September 1939; pay particular attention to timeline of exile of polish government officials, compared to "USSR annexes Poland".

But of course, you can ignore all that and pretend that USSR had a capability to start a war at the time (hint: they barely defended themselves, it was huge diplomatic effort to stall the attack on USSR till 1941).


Extremely convenient your dates start before world war 1


Second Polish republic was established after WW1, so that might have something with that. Before that, the territory that became Poland was part of Austro-Hungarian empire (that's why I mentioned it above), plus what they conquered from USSR after WW1.


> I do wonder how much our gas import from Russia is helping us keep the peace.

And keeping Russians and their "dominion" oppressed. Just shows how morally bankrupt Europe is, and with how smug Europe is that is really cringey.


I want to upvote the first sentence, but the second is so pointlessly judgmental as to be pretty cringey itself.


As a non Europen living among Europeans, it's pretty hard to ignore the second part. Europe can't care less about any actual injustice that happens in the world.


I'm Russian and I do not consider myself "oppressed". Stop living in your bubble of fake news.


Opressed or not, you are a troll. I scrolled through your history here and most of your messages are political BS. A lot of it - lies.


Thanks for your service.


Several UK domestic energy suppliers are now on the verge of bankruptcy it seems, and seeking emergency loans from the government.

At this time of year almost all of their customers will be many hundreds of pounds in credit with them. That money is supposed to be protected, but still it's a bit of a worry.


Some have already gone bust. I don't think the concern is the credit money, the problem is getting moved to another provider and instantly paying a higher rate than before.


Why are the suppliers struggling?


Customers have already agreed their tariff (how much they pay) with the supplier, since a massive spike like this wasn't predicted and the supplier is obligated to keep paying to supply their customers regardless of whether its at a loss some suppliers with limited capital reserves are quickly burning through them.


There's also a price cap for how much suppliers are legally allowed to sell their energy for in the UK (set by ofgem). If the price of energy exceeds this value, every supplier will be selling energy at a loss till ofgem increases the cap.

To get around this, most suppliers purchase their energy a few months in advance, but the ones who haven't will be in trouble currently.


In Austria, the price per kWh has quadrupled since May 2020, which is when I moved in to a new home. Unfortunately this [0] chart from my provider only goes back 12 months, but you can see even during this short time that the price increased from 5.81c per kWh to 12.43c per kWh, which is more than 200%. I checked some of my statements, and in May 2020 the electricity price was 3.13c per kWh, which represents an increase of about 397% compared to today's price.

[0] https://www.easygreenenergy.at/dam/jcr:a5800c50-948e-43e9-90...


Still cheap compared to Denmark. I'm not one for optimizing my electric bill, so I've probably got a fairly bad deal by paying between 27 c/kWh and 34 c/kWh. 75% of the electric bill consists of fees to the state anyway, it's quite ridicules.

The upside is that these fluctuations are kind of mitigated and smoothed out.


I remember having fun of two different bills one from transfer and taxes and one for power itself. The monthly fee for just having connection in apartment building in a town was more than what I paid for power it self... Not to even mention the taxes and fee for power transmission...


Yeah well these are the raw prices per kWh, there are also a lot of fees added by the state and the state run suppliers who provide the infrastructure. Pretty sure you can double whatever I have quoted for the actual per kWh prices.


In Italy we paid 13c/kwh o more for years.


A combination of:

* Post lockdown firing up of the economy

* No investment in nuclear

* Broken interconnect

* Winter is coming

* A spell of the doldrums

* Reliance on imported gas

* And last but not least, there's no hiding a debauched currency when you're using it to buy something the rest of the world needs too.


Yes, but also no. Interconnects are fine in Scandinavia, but a dry summer means less hydro to pick up in a period of less wind. So you need to fire up the coal plant once again, and they are slowly being dismantled.

It’s really an unfortunate combination of circumstances, and it affects areas which doesn’t rely on imported gas and nuclear, with working interconnects as well.


It would be super funny if the result of the increased interconnectedness of Scandinavia and Europe, sold as a measure to decrease the risk of extreme events causing power disruption, actually caused power disruption as we've now sold off all our generation capacity.


I am in the UK. I pay roughly 20c down and get 5c up for excess solar per kWh.

I really want to see an regulatory and technical environment where I can trade my excess with my neighbors at mid.

Sure I could store excess but can't justify the battery cost at present. This type of trading, as I understand, is happening in places like Australia.


I know Europe is well head of the world for EV adoption, I wonder if that's starting to impact the grid?



Didn't see it in the article but what % has consumer prices increased by? How do people survive inflation on food prices, massively inflated housing costs and now massive power increases while living on wages that have essentially not increased for a very long time?


The increase is in the first paragraph of the article.


I think it was a question of general consumer prices - food, clothes, etc


Pretty sure that was the wholesale price.


In the process of moving the mobility towards electrically powered vehicles all of Europe is going to need a lot more capacity. So all the disscussions about the hence and forth between France and Germany are quite moot.


I think the more likely outcome is that personal and commercial travel will just be illegal for people outside of political leadership. The mineral resources to replace all vehicles with EVs don’t exist. Sort of Holodomor repeated as farce.


The mineral resources to replace all vehicles with EVs, in fact, do exist.


USGS states there are 7M tons of Cobalt reserves in the world. An EV battery needs about 15lbs of Cobalt. That means, in a fantasy scenario of perfect recovery of all known Cobalt, we have 930M batteries which last, maybe 100K miles. That means we get to replace, in a fantasy scenario, 2/3 of the world’s vehicles once. Then that number declines with recycling efficiency, which appears to optimistically be about 75% recovery.

So no, and state-imposed poverty (lots of examples) seems much more likely than a successful extraterrestrial mining industry (no examples).


I wonder how much of the huge new demand of energy can be attributed to cryptocurrencies mining. Does it have some significant impact compared to the rest?



Americans have much higher salaries, yet, gas prices are much much lower than in germany.


That’s what it means for a country to be richer: you can buy more things with your salary


Falling wind power is likely one major culprit

https://www.reuters.com/article/europe-electricity-idUSL8N2K...


I'd have expected the CO2 tax to be a bigger factor than any shortages.


With electric prices in U.K. going north of £0.25/kWh I’m seriously considering whether solar panels are worth the investment


A few important things to realize:

- There's a difference between consumer grid prices and the prices on the energy market. The former are stable and also include a lot of taxes. In most countries it is actually mostly taxes. The latter go up and down depending on who is able to supply. Consumer prices are of course affected but it's less dramatic when 25% of your rate becomes 40% more expensive.

- There are no blackouts worth mentioning. It's not so much that there is a shortage as that there is price pressure on the existing supply because of raised cost. Mostly this boils down to gas cost going up recently for various geopolitical reasons. So, this is not like the situation in Texas earlier this year. Not at all. Nobody is sitting in the dark or freezing.

- Europe has an interconnected grid; so prices are affected everywhere. Places with cheap over production are exporting to places with under production. Probably at a nice profit. Ironically, this raises prices locally as well. So e.g. Norway, which has an almost 100% renewable grid, sees a lot of lucrative demand for energy exports. So, prices go up locally as well. That's the energy market working.

- Europe has peaker plants that burn gas or coal that are switched on when demand is high. That raises cost for producers, which gets reflected in energy pricing. These are plants that are normally not in operation because they are too expensive to operate at this point.

- Gas is used for heating as well and winter is coming. Northern Europe is a bit cooler than usual so lots of places are probably already firing up their gas powered heating systems. That would increase demand and as mentioned, gas prices are high right now.

- Solar is a substantial portion of the market at this point and the amount of light in September is going down. Also August was relatively cloudy. Solar being less effective in the dark seasons is neither unexpected nor unusual. The more solar we have, the bigger the price differences will be. Because when it is there, it is cheap. It's part of the reason lots of legacy plants are now peaker plants. We still need them but not all the time.

So, the system is working. People suggesting that we need more coal, gas, or nuclear need to understand that those are the expensive options in the market right now. They are part of the problem, not the solution. They are the reason prices are high and unstable right now.

Renewable energy on the other hand does not see raised cost; only increased profits. The issue is we don't have enough of it just yet. So, that's a nice incentive right there to get more of it. Particularly offshore wind seems like a nice option lately. The more we can rely on that, the more stable the prices are going to be because we'll no longer need the expensive alternatives. More offshore wind will help. More people with batteries in their house will help. More grid storage will help. Smarter pricing and metering will help.


Didn't googled it but what about lighting catching ? Any technology trying this ?

And yes, I know it's hard, not everyone can catch it into the bottle ;) - it brakes everything connected before breakers even notice. But looks like it's free and no waste to store for thousands years.


It would take about 115k square miles of normal solar panels to cover the world energy use (23000TW), this translates to about 340 miles side square of land, I'm sure we could split this to various solar efficient locations and just close the deal with all this hydrocarbons Et al. BS. And can be solar parabolic-through systems instead of PV, no efficiency loss and night thermal storage built in. But of course we'll never unite and forget about profit and petty arguments just for once...World mechanics are just broken.


I don't really think that's the right approach to solar. Centralized power generation makes for unbalanced power. If we put this in the Sahara, for example, who is in charge of the exports? Egypt? What about a big terrorist attack on it? Or a war, where the power lines are a prime target to cut Europe off from its energy?

Best to have decentralized grids. Every country and state having 100 solar farms is better than 1 fucking huge one.




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