That's not really true: nuclear plants have high operating and maintenance costs, but low fuel costs. Here's my essential video primer on electricity generation: https://youtu.be/E3G70uXf0s… (View Post)

The problems with small modular nucelar reactors are: 1. We have no idea what the levelised cost of energy is. Capital cost is going to be substantial, especially for the first ones. The hope is that… (View Post)

To be fair, prices are always set at the margin. If demand is 100GW, then it is the marginal cost of that 100th GW that sets the price. There is a partial exception to this. The UK has around 33GW of… (View Post)

You can't subsidise your way out of a supply shock. World energy supply has fallen. World energy demand needs to drop to match supply. That's what the price is: it's information that t… (View Post)

He just makes up shit. This is not new news. (View Post)