| It didn't make sense to shut down nuclear before coal/gas for Germany. It should deploy both ren and nuclear, even restarts unless it wants to use gas firming. Germany's low carbon twh is unchanged since 2015. What changed is it became net importer and demand dropped, hence a lot of coal closed. Wholesale is irrelevant. Taxes are needed to fund infrastructure. In case of Germany a big chunk is transmission which will be subsidized from 2026 just like eeg already is. Example of why- sudlink, but that's just for redispatching, ren require by default more transmission due to distributed deployment France is open to subsidize epr2 project. The challenge is, edf must first show a bill by EOY and, EC must approve state funding, unlike ren subsidies. Epr2 is expected to cost about 60-80bn, half being offered by the state as 'nice loans'. 40bn is about what Germany pours into EEG alone in merely 2y. Germany can reuse own konvoi designs or try to make a deal with khnp and Westinghouse French debt and electricity/edf are not connected. Most of the debt is from pension system because well, work hours, pension age and vacation days vs neighbors. Edf debt is peanuts in comparison. In fact it's debt to ebitda ratio is in normal range. |
Which has been calcualted by GenCost to add up to ~€10B for Australia. That is less than the subsidies a single reactor needs.
> France is open to subsidize epr2 project. The challenge is, edf must first show a bill by EOY and, EC must approve state funding, unlike ren subsidies. Epr2 is expected to cost about 60-80bn, half being offered by the state as 'nice loans'. 40bn is about what Germany pours into EEG alone in merely 2y.
This is very typical of nuclear bros. You can never look forward. The EEG is a backwards looking metric, a ton of extremely expensive solar was added 10-15 years ago which still get paid.
You can look at the historical cost of the EEG system to see it decreasing.
- 2019: €27B
- 2020: €30B
- 2021: €17B
Those payments support 153 GW of infrastructure. Again you do realize as soon as we compare with new built nuclear power, adjusting for capacity factors, it just becomes lunatic to suggest nuclear power?
The question is where we spend our money today. The subsidy needed for renewable deployment in 2025 is 0. As can be seen by the 16 GW built without subsidies.
> The installed capacity of renewable installations not eligible for payments under the EEG was 16.2 GW
That's just equivalent to a few nuclear reactors. Nothing big!
> Germany can reuse own konvoi designs or try to make a deal with khnp and Westinghouse
Or they can just let the French folly continue and see the state finances crash when loaning becomes even more expensive.
> French debt and electricity/edf are not connected. Most of the debt is from pension system because well, work hours, pension age and vacation days vs neighbors.
It becomes connected when the state subsidizes nuclear power to enormous amounts which could have gone to balance the budget.
> Edf debt is peanuts in comparison. In fact it's debt to ebitda ratio is in normal range.
I love this sleight of hand. Debt to ebitda is fine, when considering that Hinkley Point C gets a completely insane 17 cents/kWh. And that the state will subsidize the EPR2 program.
EDF is fine if the state takes all the costs. So funny.