So you just think the subsidy falls out of the sky? You realize that someone will have to pay for the subsidy cost through taxes, borrowing, higher bond rates, etc.
Also: only $150/mWh? That is a crazy high wholesale cost. Double that for T&D and you have German prices and then nobody can afford to run a heat pump.
So you just think the subsidy falls out of the sky? You realize that someone will have to pay for the subsidy cost through taxes, borrowing, higher bond rates, etc.
Also: only $150/mWh? That is a crazy high wholesale cost. Double that for T&D and you have German prices and then nobody can afford to run a heat pump.
Correct but the nuclear industry has huge subsidies that have been buried.
Right now we do not have a working repository for high level nuclear waste.
AND there is no sane cost model for the waste repository.
I have looked for a cost model that covers the necessary resources to protect a repository basically forever. At best human civilization is 10,000 years old and no part has remained intact for more than about 1,000 years. However the nuclear waste needs to be protected for probably 200,000 years at least and maybe much longer (the half life of Pu-239 is 24,000 years where it decays into fissile U-235 which is also a problem)
Right now the nuclear power industry is paying a relative pittance into a fund and even then has no actual working repository.
So you just think the subsidy falls out of the sky? You realize that someone will have to pay for the subsidy cost through taxes, borrowing, higher bond rates, etc.
Also: only $150/mWh? That is a crazy high wholesale cost. Double that for T&D and you have German prices and then nobody can afford to run a heat pump.
Also it’s important to include the subsidy so that we can compare prices on an apples to apples basis between different countries.
Correct but the nuclear industry has huge subsidies that have been buried.
Right now we do not have a working repository for high level nuclear waste.
AND there is no sane cost model for the waste repository.
I have looked for a cost model that covers the necessary resources to protect a repository basically forever. At best human civilization is 10,000 years old and no part has remained intact for more than about 1,000 years. However the nuclear waste needs to be protected for probably 200,000 years at least and maybe much longer (the half life of Pu-239 is 24,000 years where it decays into fissile U-235 which is also a problem)
Right now the nuclear power industry is paying a relative pittance into a fund and even then has no actual working repository.