> Whether there are better models, I will leave to people who know more than I do, but it is certainly a very common way to do this.
It is fundamentally how the grid works. You can bring it down to a singular household or company level to see the raw incentives:
Why should a household or company with solar and storage buy expensive grid based electricity when their own installation delivers? They don't.
Why should this household or company not for example charge their battery on their battery when the price is low and sell/use it when the prices are higher?
Why should this household's or company's neighbors buy expensive grid electricity rather than the surplus of renewables and storage? They don't.
With the distributed electricity generation renewables enable monopolized grids no longer function. Because consumers have a choice and can vote with their wallet.
You have to look at useful energy vs. primary energy. An ICE is 10-30% thermally efficient. Then you have all the energy wasted on getting the fuel into the tank.
For ground transport this is already solved by BEVs and rail. For ferries running fixed routes batteries also already solve it.
What we have left is aviation and longer maritime shipping. They will likely need chemical fuels for the foreseeable future, but to get to them we need to start with the easier applications first and develop the technology.
And now Flamanville 3 is 7x over budget and 14 years late. Online but not commercially operational.
Their EPR2 fleet are getting an enormously large subsidy at 11 cents kWh CFD for 40 years and interest free loans. Sum freely. With the first reactor online in 2038 of everything goes to plan.
How many trillions in subsidies should we handout to new built nuclear power to ”try for real”?
Or we can just build renewables and storage which is the cheapest energy source in human history.
The NuScale cost was what the project itself announced. And they hadn’t even started building yet. The latest reports also include large scale nuclear power.
I find it funny when people get outraged because all CSIRO does is use real world construction costs easily proving how unfathomably expensive new built nuclear power is.
And people might not know what the CSIRO is. They are the Australian governments research body, separated from the current political party. They aren’t some private company or political group. I don’t think you could have a more neutral and unbiased viewpoint.
Exactly. And they have well established methodology publishing a consultation draft asking for review. Then following that review publish a final version half a year later.
Followed by updating the methods for the next iteration to cover any gaps discovered, like only including SMR and not large scale nuclear.
Cluster munitions that have between 1 and 10 kg of explosives are great against the infantry in the open field, not so much against population with proper level of shelters and an advanced warning to get there.
Or that API prices are inflated. We don’t get to see what their internal financials look like. My guess is that your guess is more correct but it is unclear what is actually happening.
It is fundamentally how the grid works. You can bring it down to a singular household or company level to see the raw incentives:
Why should a household or company with solar and storage buy expensive grid based electricity when their own installation delivers? They don't.
Why should this household or company not for example charge their battery on their battery when the price is low and sell/use it when the prices are higher?
Why should this household's or company's neighbors buy expensive grid electricity rather than the surplus of renewables and storage? They don't.
With the distributed electricity generation renewables enable monopolized grids no longer function. Because consumers have a choice and can vote with their wallet.
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