Except those reactors are off 30-50% of the time due to shoddy construction
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.
- This is an extremely unlikely combination of circumstances, on the one hand
- On the other hand, it wouldn’t have had any consequences if we’d had more redundancy, and hadn’t suddenly stopped building reactors for 25 years.
- Despite this, nuclear power still has a load factor 2x higher than French wind or solar power.
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.
€1.5/W in 2023 money is pure fiction
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.
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.
Here is the entire volume of high-level, long-lived waste that France needs to store over the long term for 80 years of nuclear power (with 70%+ nuclear power in its electricity mix).
The question of nuclear waste, hammered home by the anti-nuclear crowd, has long since been answered. And the answer is: it’s far from being a problem.
As for the cost of storage and decommissioning, it makes no sense if we do not give a financial order of magnitude.
At French current electricity price, a 915MW reactor will produce 1.1 billion euros of electricity over one year. A 1500MW reactor will produce 1.8 billion euros of electricity over one year.
When you sell 60 billions of euros worth of electricity per year for 60 years, even if you pay 50 billions for storage and 2 billions to decommission an entire plant, it’s quite profitable.