this post was submitted on 01 Aug 2023
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Except those reactors are off 30-50% of the time due to shoddy construction, €1.5/W in 2023 money is pure fiction, and overnight costs with free capital aren't real costs once you adjust for inflation and stop cherry picking the first reactors before negative learning rates kicked in.
For French nuclear power, the lowest load factor ever recorded is 54% in 2022. The cause is the number of maintenance operations postponed because of COVID, plus a corrosion problem detected on several reactors of the same generation, which have since been repaired.
The rest of the time, the load factor of French nuclear power hovers around 70-75%, and that's not due to bad design, it's a strategy. I'll let you read this link to learn more.
Of course it does. But the fact is that french nuclear power has paid for itself dozens of times over. It's factual, it's historical.
Go argue with the Cour des Comptes, not me
Yes it was a "strategy" for EDF to go tens of billions into debt, and the other 30-50% of french power infrastructure is there just for fun. These mental gymnastics are incredibly tiresome.
Responding to sarcastic, disrespectful and immature one-liners from someone obviously ignorant on the subject is neither exciting nor productive, so I'll just throw out a few points in response to your last comment without bothering to expand on them and then move on.
More deranged doublethink.
ARENH can't be causing losses if the price it sets is profitable (so by citing it you are claiming that the french nuclear fleet has never broken even).
It also can't be causing a production shortfall requiring buying expensive hydro if the reactors are off because of a "strategy".
Your debt doesn't go up every year if you're making a profit.
Deferring maintenance doesn't make costs magically vanish.
Decomissioning, waste management and hundreds of billions for license extensions are also completely unfunded. So the french people were just bilked another €10 billion for taking on a larger share of a half trillion dollar liability.