Cheap is absolutely true if you look at the older assets cost of baseload power providing the core stability of a lot of electrical systems. The only two things that aren't factored into the cheap component (sub 5 cents/kwh produced of baseload) is that you don't properly factor in the externalities -- $/ton of GHG avoided and waste removal properly. I would argue that if we had pollution pricing it would be even cheaper.
The new power plants are more expensive since you have all the upfront costs of development but those are long lived assets that as they get to the end of their lives are producing very stable cheap power.
And yes Germany absolutely turned off their Nuclear power - your comment agrees 100% with that. It was made by Merkels party and is absolutely tarnishing her legacy.
The new power plants are more expensive since you have all the upfront costs of development but those are long lived assets that as they get to the end of their lives are producing very stable cheap power.
And yes Germany absolutely turned off their Nuclear power - your comment agrees 100% with that. It was made by Merkels party and is absolutely tarnishing her legacy.