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I don't think anyone reasonable is saying we should only do nuclear. The actual position is that we need a mix of both nuclear and renewables while ramping down non-renewable sources as fast as possible, because you need both intermittent cheap generation and reliable baseload that doesn't care if the wind stops blowing or clouds roll over the panels. The pricing story remains unconvincing to me. LCOE comparisons measure the cost of producing a unit of electricity, but they don't account for what it costs to actually integrate that electricity into a working grid. Solar and wind are cheap on paper, but they still need storage or backup generation to cover the hours they're not producing, and that cost gets left out of the simple dollar per MWh number. Once you factor in grid balancing and storage, the gap closes a lot, and in some studies it disappears entirely depending on the region's wind and solar resources. Obviously things have to be considered in the context of where we're putting these power plants, Norwegians can probably afford to rely a lot more on offshore wind and hydro than a place like Serbia could. Nuclear plants will obviously be expensive to build, and will likely always be more expensive than renewables to initially build just due to the sheer complexity involved when compared to renewable sources, but I can't think of a better use of that money personally, especially compared to how much gets spent on far worse things like chucking a billion dollars worth of missiles at Iran[0] for quite literally no reason and especially benefit to anyone (other than arms industry I guess) whatsoever. Also, already built and paid off nuclear plants are consistently some of the cheapest electricity around, often profitable without any subsidy at all. 70%(!!!!) of France's electricity comes from nuclear. They exported more electricity last year than countries like Belgium consumes in an entire year. They enjoy some of the cheapest power prices in the region because of their historical nuclear fleet, and had people had the same attitude back in the day (looking at you, German "green" party), that fleet would've never gotten built. Letting your offspring enjoy the shade of the tree you plant today and all that stuff, it'll always be too expensive until we actually hunker down and just build the bloody things. And yeah, new builds like Flamanville have been a mess on cost and timeline, that's a fair criticism of new construction, but it doesn't erase what a mature nuclear fleet does for a grid once it's actually built, and can generally be applied to pretty much any infrastructure project anywhere in the world. [0] https://news.ycombinator.com/item?id=48845514 - US seeks cheaper hunter-killer drones after Iran destroys $1B worth of Reapers |
Putting aside the actual subsidies, there’s the uncomfortable truth that nuclear operators are not on the hook for long tail risks and costs. The government (read us, the taxpayers) in most countries will foot the bill for decomisioning if the company goes under, and it will foot the bill for accidents.
To talk about them not getting subsidies once they are paid off is to ignore the fact that no reactor would ever get built without the government providing them a guaranteed backstop.