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Nuclear - future for Ireland?

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  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    There is nothing "nominal" about Contracts for Difference.

    Ok charlie, you still don't understand what "nominal" means in the context of financial contracts? I gave you a link to the the wikipedia article. You're beyond educating I'm afraid. I can only describe it as willful ignorance as I even gave you a TLDR version.

    You confuse interest rates with inflation rates.

    You claim that interest rates have nothing to do with the financing cost of projects.

    You don't understand the effects of duration on the value of a financial contract.

    And you accuse others of ignorance 😂 - you're a gas man.



  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    I never claimed that 50MW of gas could provide backup for 14GW of wind generation capacity, did I?

    I said 50MW of gas capacity is insufficient reserve for 1.5GW of nuclear and is also insufficient reserve for 1.5GW of wind generation.



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    There really is no limit to the nonsense you post here. Even Wikipedia does not look on itself as a reliable citation source.

    Wikipedia itself states " Wikipedia is not a reliable source for citations elsewhere on Wikipedia, or as a source for copying or translating content". It should only ever be use where a quote or article is linked to a verifiable source and has no credibility otherwise.

    I said that interest rates had little or nothing to do with the 60% increase in strike price for offshore wind. Your claim was the bizarre belief, without anything to back it up, that there had been such a massive increase in interest charges unique to offshore wind being the sole reason for that 60% increase. Complete nonsense.

    I understand that a 35 year contract index linked at a fixed price for the lenght of the contract makes much more financial sense than a contract that has to be renewed every 15 years when there has been a 60% increase in price over just two years. Something a 10 year old would understand but you somehow are unable to.



  • Registered Users, Registered Users 2 Posts: 21,177 ✭✭✭✭cnocbui


    Stop trolling.

    When LCOE is used to cost solar, for instance, it completely ignores the elephant in the room, which is the consequence of the low capacity factor - LCOE doesn't account for capacity factor - in other words, it doesn't account for the massive costs required for backup.

    It was fuc​king crystal clear what I meant, because I stated it explicitly.



  • Registered Users, Registered Users 2 Posts: 21,177 ✭✭✭✭cnocbui


    What term do you think I should have used?

    The 2050 target based on the Paris accord is one where energy is produced without the release of CO2. I am sure some clowns think you can still burn some fossil fuels so long as you carbon capture, but that's never going to be economically practicable, it's about 5 times less likely than a hydrogen economy at scale.

    So when I said net zero, I meant that by 2050 we are obliged to power the grid, cars and all domestic heating with electricity produced without generating CO2 as a consequence. I am not interested in hair splitting exactitude where the biosphere has to be factored in.

    All of this electricity has to come from the grid, it explicitly can not be achieved by burning gas to backup renewables when they are insufficient in output to meet demand, which is most of the time. Can I propose a new word - Zenergy? So that's what I meant - it all has to be zenergy.

    Energy storage is the gapping hole in the plan, the ESB is grasping at straws planning to use hydrogen for that role - because, no matter how much you want to think otherwise, no other tech could possibly be cheap enough. That video I have posted links to so many times, amusingly includes a plaintive cry along the lines of 'because we are no allowed to consider nuclear' - lol! They know the truth but don't have the balls to tell the politicians to grow up. I'd love to have been a fly on the wall at ESB networks when they learned that loon ER was being taken out of the picture. Champaign time!

    Batteries are not remotely cheap enough, and never will be because you can not reduce mining, transportation, processing and manufacturing costs to almost zero. This idea that battery costs can keep falling to near zero is mental. Lithium projects have been folding in Australia recently when the lithium price fell a bit:

    Australia is one of the worlds most efficient and low cost miners. If they can't make a $, others likely won't be able to either.

    Nuclear has the best capacity factor of any energy production method - bar none - let alone any that are also zero CO2. it therefore requires the least amount of storage to make up for capacity factor shortfall, which is only 5%, vs 89% for solar.



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  • Registered Users, Registered Users 2 Posts: 21,177 ✭✭✭✭cnocbui


    Heysham 2 - poster child for nuclear unreliability:

    On 1 August 2016, Heysham 2's Unit 8 broke the world record for longest continuous operation of a nuclear power reactor without a shutdown. This record-breaking run exceeds the previous record of 894 days set by Pickering Nuclear Generating Station's Unit 7 (Lake Ontario, Canada) in 1994. The reactor had generated 13.5 TWh of electricity so far during this continuous operation, taking its lifetime generation to 115.46 TWh.

    [7]

    Scraping the bottom of the bucket there - nuclear is unreliable because something else fell over. Some people might rightly conclude that those other things need to be improved to match the strongest link, not consider that the strongest link should have it's worth defined by a weaker link.



  • Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭Busman Paddy Lasty


    Absolute Zero.

    FYI I don't think we have a snowballs chance of Absolute Zero with renewables alone, unless there is a monumental technological leap for energy storage invented ASAP.



  • Registered Users, Registered Users 2 Posts: 2,511 ✭✭✭KrisW1001


    You stated “LCOE doesn’t account for capacity factor”. That is untrue, so don’t be angry when people tell you so. You are misusing the term “capacity factor”. I think you mean “dependability” or “predictability”, but those aren’t “capacity factor”.

    LCOE is the average cost per unit produced over the generation source’s expected lifetime: nothing more, nothing less.

    LCOE = lifetime captial cost + lifetime fuel cost + lifetime operating costs / nameplate capacity x capacity factor x lifetime

    It accounts for capacity factor, but not how that capacity is distributed. (Capacity factor itself does not measure that either: it’s literally just the total output over a period divided by nameplate output over the that same period). The lifetime output total doesn’t care whether you get a steady flow of power, or one enormous lump after lunch on Tuesdays: the LCOE value will be the same.

    Nobody uses LCOE alone when evaluating a system. It’s only one part of the evaluation, and yes, you’re right, a proper evaluation considers dependability too - but dependability is not measured by LCOE. Even dependable systems can mislead on LCOE: Gas peaking plants have horrible LCOE figures, but they’re still commissioned because they are an essential part of a generating system.



  • Registered Users, Registered Users 2 Posts: 21,177 ✭✭✭✭cnocbui


    Absolute zero to me is a temperature where everything stops = -273.15°C

    Sh​it, we actually agree on something - +1 for the snowballs chances.

    France have already done it in 2023, though not by using renewables, of course.



  • Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭Busman Paddy Lasty


    We agree on virtually everything across many fora. It's just your RDS (Renewables Derangement Syndrome) is fairly severe, 90% of thread is renewables bashing so we haven't really got a chance to talk nuclear.

    The use of Absolute Zero might be some sort of nerd humour and double meanings are common in English so it could be easily used.

    The law of diminishing returns means Absolute Zero (or new phrase) is exponentially more difficult than Net Zero (if not impossible) so we should be super careful with the use of the word Net.



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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 95,271 Mod ✭✭✭✭Capt'n Midnight


    The uptimes of the other three reactors at Heysham site during that run shows how unreliable nuclear is.



  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    When you use the exact expression "LCOE doesn't account for capacity factor" - apparently we're supposed to figure out that you didn't actually mean that "LCOE doesn't account for capacity factor".

    You either don't know what a capacity factor is and/or you don't know what LCOE represents. Sorry there's no way for you to weasel out of this.

    Because your "in other words" is completely 100% wrong also - capacity factor has absolutely nothing to do with costs required for backup.

    The way you've responded to your mistake being pointed out, says everything about your lack of integrity and character.



  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    There really is no limit to the nonsense you post here. Even Wikipedia does not look on itself as a reliable citation source. 

    Wikipedia itself states " Wikipedia is not a reliable source for citations elsewhere on Wikipedia, or as a source for copying or translating content".  It should only ever be use where a quote or article is linked to a verifiable source and has no credibility otherwise.

    Wow, you guys get real testy when your lack of knowledge is pointed out.

    So wikipedia isn't good enough for you? Google's summary gives:

    In economics, the nominal value of something is its current price; the real value of something, however, is its relative price over time. Both can be used to talk about the value of not only money, but also your wages, share prices and other things that have financial value.

    Followed by endless links - including the wikipedia one I provided earlier but also:

    or

    or

    Etc. The old saying "you can lead a horse to water but…" springs to mind here. Take a drink, charlie. It'll do you good.



  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    Perhaps they should scale back the plant size and swallow the efficiency hit in exchange for having something that can genuinely be delivered at the cost and time reliability of other generation types.

    This, I believe, is actually the fundamental problem nuclear has been grappling with for the last 35 or more years.

    It's the circle, that I think cannot be squared and why nuclear will likely never experience the amazing growth period that it did in the 1970s and 1980s as seen in this graph:

    globalnuclear.jpg

    The fundamental issue is that nuclear reactors have been forced to get bigger and bigger in order to be able to complete in terms of cost per MWh - costs like overnight construction cost, operation costs and decommissioning costs don't scale linearly so smaller reactors are uneconomic. If you, say halve the size of a reactor then these costs DO NOT halve - they stay almost the same - so you almost double the cost per unit of electricity produced.

    So bigger reactors means cheaper energy (same forces and same result with coal generation btw). But bigger reactors also means increased construction cost, construction time and project risk.

    It seems we've reached some sort of limit with the likes of the EPR - the growth in project risk and cost associated with larger reactor sizes exceeds the benefits of cheaper energy production.

    I honestly don't see anyway for the industry to go. They can't go smaller (because of the increased cost per MWh means they'll be blown out of the water compared to modern tech like combined-cycle gas turbines and renewables) and they can't go larger because it seems project risk and cost growth for larger reactors is already at some sort of limit as established by the EPR - around 1.5GW.



  • Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭gjim


    Nobody uses LCOE alone when evaluating a system. It’s only one part of the evaluation, and yes, you’re right, a proper evaluation considers dependability too - but dependability is not measured by LCOE. Even dependable systems can mislead on LCOE: Gas peaking plants have horrible LCOE figures, but they’re still commissioned because they are an essential part of a generating system.

    Absolutely correct @KrisW1001. LCOE is not the be-all and end-all of electricity generation economics. Like GDP is not the be-all and end-all of economic activity. But both are very useful and widely used measures.

    For example, we could be discussing LACE (levelized avoided cost of electricity) for example - a more complex model of generation cost but a far more difficult one to measure which benefits dispatchable sources.

    But sadly this discussion seems to be swamped by people with little interest in the subject of nuclear power and the economics of it, and no interest in learning about either - instead preferring to lash out at even the simplest of corrections - but instead seem solely interested in using the subject of nuclear power to bash renewables. And given even LCOE seems completely misunderstood by this crowd, it seems pointless to bring up anything more complex.



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    Trying to dig yourself out of a hole only ever achieves one thing. It makes the hole deeper.

    Your highlighted "the nominal value of something is it current price; the real value of something however, is its relative price over time." You do skip over inconvenient facts when the do not suit, but that is one you really should have skipped for the sake of the depth of that hole.

    I have pointed out to you a few times now that anyone with the slightest knowledge of economics would know what even a ten year old schoolboy would see straight away. The cfd that fits that description, (the real value of something is its relative value over time) is the one that is at a guaranteed fixed price for 35 years. Not one that is for 15 years where the cfd price has increased by 60% in just two years.

    It really is very basic stuff. That you cannot understand it is a mystery, but then that is your problem, not mine.



  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 95,271 Mod ✭✭✭✭Capt'n Midnight


    The strike price for Hinkley-C was agreed in 2016 and was valid for a reactor startup date of 1 May 2025It's now looking like 2031 as a startup date. But the clock keeps getting reset so YMMV (Originally EDF were promising to deliver for Christmas 2017)

    Six years after the final deadline there's no penalty even though they need to provide a DRAX's worth of backup power. That's not how economics works anywhere.

    The cost has multiplied (and still increasing) on a type of power plant which we keep getting told is cheap to run once you get past the initial investment. That's not economics. Someone is telling fibs. If cost to built (and finance) it is the main component in the price then how come the strike price isn't going up , conversely if running costs are despite what we are told a large part of the cost of the electricity then how can the strike price be stable in the face of uncertainty in the uranium markets ?

    Maybe someone is telling fibs about the profit margins.

    IIRC EDF were looking at an 8% return on investment when the UK government was able to borrow at 2%.

    1.02^35 = 2 ( 1.9998895 )

    1.08^35 = 14.785

    It's worse when you include the delays and construction time and also that the government will be subsidising DRAX to the tune of £31.7Bn for carbon storage (BECCS) which wouldn't be needed if nuclear actually delivered what was promised. ( 2011 was when the UK was looking at 6 to 8 NPP's for the future. ) There's also about £0.6Bn annual subsidies for DRAX too.



  • Registered Users, Registered Users 2 Posts: 9,063 ✭✭✭Markcheese


    My point was that things break , in this case it was part of the transmission system, Not the reactor ,not the turbine, not the generators, as far as I'm aware not even on the EFD site ..

    But my point was it doesn't matter the generation type , it needs backing up , a couple of years ago a big interconnector between Britain and France went down in a major fire , and there was consternation a few years prior to that when a massive offshore wind farm dropped out in one go , because lightning hit the grid connection.. single point of failure ..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 21,177 ✭✭✭✭cnocbui


    This thread only exists because of people's interest in nuclear in the context of it being a viable energy source for this country.

    It's funny how a thread about nuclear has renewables advocates bashing nuclear endlessly, but you think the problem is those who think nuclear is a better and cheaper alternative path to meeting 2050 CO2 emission targets are only interested in 'bashing' renewables.

    Ireland has chosen to use renewables to meet international emission targets. Criticising that approach due to the high cost and inadequacies of renewables is part and parcel of considering nuclear as a superior technology with which to achieve those targets. If renewables were cheaper than nuclear and better suited to the task, there wouldn't be a need to consider nuclear, but they are far more expensive and extremely ill suited to the task, hence some people seeing a need to look at the only technology that can do the job.

    This thread is not for the discussion of nuclear energy as a technology devoid of context, it's about it being an alternative to renewables - since that is what some in this country have chosen - so criticism of them is intrinsically pertinent and necessary.

    There's the infrastructure thread - two now - for those who don't want to see negative assessments and criticisms of renewables.



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    What`s your problem with Drax. It`s burning wood that is classified as a carbon neutral renewable source is it not ?

    Except it is not is it ? It`s a scam and even green advocacy groups recognise it as such. It`s a scam that is being used to mask real emission levels and show renewable percentages greater than they really are, with the E.U. being one of the biggest offenders where 60% of the energy is from biomass. You do not appear to have a problem with the practice here. I cannot recall you doing similar rants on our use of wood burning in a generation plant in Offaly and another in Mayo that would burn 200,000 tonne annually with the wood for both being shipped here from half way around the world.

    If you are looking for someone to blame for the scam of Drax, then you are looking at the wrong side of the fence. It`s a renewables scam, not a nuclear one.

    For all your finger pointing at Hinkley C, the presents price for Hinkley C is €156.77 per MWh. Here it is €86 per MWh. Under the 37GW wind/hydrogen plan that becomes €172 per MWh and that is before our up-coming ORESS 2, where in the unlikely event we get a strike price similar to the latest U.K. CfD price, that becomes €200 per MWh. And that is without the hydrogen strike price on top. Even being conservative on the strike price of hydrogen, that would leave Hinkley C "The dreadful deal behind the worlds most expensive power plant" at least 50% cheaper per MWh than a 37 GW plan where we would also have to pay for whatever those offshore companies generate, even if we neither needed or wanted it, that would still not get us to anything more than 70% of the 100% carbon zero emissions required.

    Funnily enough on you questioning why CfD prices do not go up during the duration of a contract if costs have risen, I haven`t seen anything to allow nuclear to do so. What I have seen though is the provision that allows wind projects to withdraw 25% of the original capacity agreed, without penalty or restriction on them re-applying for the same in a later round of auctions.



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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 95,271 Mod ✭✭✭✭Capt'n Midnight


    DRAX is an environmental disaster that shouldn't exist because nuclear should have been supplying that power.

    Except nuclear didn't deliver. So that's why DRAX exists, to provide 3GW of baseload that the UK have should have had from nuclear since 2017. If they'd rolled out nuclear like the were supposed to in 2011 they wouldn't be in this mess. (the timeline is longer but 2011 is about the latest start point that might have got power by now)

    Nuclear is fossil fuel through the back door.

    The ratcheting up price for Hinkley C is currently €156.77 but that's a price averaged over 100% of the time regardless of if it's needed or not. In the future it won't be needed most of the time. And what % of the time will nuclear be needed in 2066 ? which is the likely the earliest date it comes off that index linking.

    Those €86 contracts will expire around 2040 when we have a target of 90% renewables. That's a super optimistic date for nuclear. It means that you'd only have demand for 10% of nuclear's base load output. Which means it's effective price is €1,567.70 per MWh during times of low renewables and close to zero at other times.

    During that 10% nuclear will be competing with the price of storage and interconnectors and demand shedding etc. Anything that costs less than €1,567.70 per MWh will beat nuclear.



  • Registered Users, Registered Users 2 Posts: 249 ✭✭scrabtom




  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 95,271 Mod ✭✭✭✭Capt'n Midnight


    We could follow the Germans or we could follow the French.

    Renewables provided 59% of Germany's electricity in 2024 including 31.9% Wind and 14.7% solar.

    It's up from 3% from last year.

    France got 65% from nuclear in 2023. They would need to open a new nuclear plant every 18 months to increase output by 3% a year. It took them over 18 years to open one. On the other hand they are currently decommissioning nine.

    France got 14% from renewables in 2023. The target for 2030 is 34% and I can guarantee that they won't get a nett 20% increase in nuclear by then.

    We could follow the Germans and the French. Both are ramping up renewables and closing more nuclear plants than they've opening. The UK is doing the same. Renewables being ramped up and any new nuclear plants won't cover the closures during their construction.



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14




  • Registered Users, Registered Users 2 Posts: 80 ✭✭silvertimelinings


    Formalize our current arrangement with UK and French electricity providers from whom we are buying nuclear electricity. Lock them in to a contract at a good rate over 10, 15 or 20 years. We are already leveraging the interconnectors and we know where that electricity is coming from. Defer the decision to go down the nuclear route and stop committing to expensive Wind, Solar and BESS electricity on the Island of Ireland.



  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 95,271 Mod ✭✭✭✭Capt'n Midnight


    Before renewables the UK was a net importer of electricity. It's probable that the UK will only have one operational nuclear plant in 2030.

    Even the French don't have surplus nuclear. On average their exports are GW's less than renewable output at the time.

    NO ONE exports nuclear. It's a one trick pony, baseload with long uptimes punctuated by long downtimes. And new nuclear plants are as a rule late if construction isn't abandoned. There's also the risk of a plant having to be shut down early because they are beyond economic repair when maintenance costs are compared to market rates.



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    THe U.K. has only been a net exporter of electricity once, the 2nd quarter of 2022, and that was nothing to do with renewables. It was due to gas prices being lower than in the rest of Euope where they had net exports of 3.6 TWh for the quarter.

    2024 15% of U.K. electricity was net imports, at 36 TWh 46% higher than the previous record of 24.6 TWh in 2021. (Gov.UK). Net imports from France doubled to 11.7 TWh in the first half of 2024 compared to the last 6 months of 2023. Excess power from France also flowed into Belgium resulting in a 90% increase in net imports from Belgium to the U.K.

    Just to give that further context. The U.K. has 35% of it`s electricity generation from wind and solar, France 14%

    Practically every country in Europe imports nuclear. Of the top 5 net exporters of electricity in 2023, 4 of the 5 have nuclear as part of their generation mix. (# Page 36 post 1895)



  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    That sounds like financial sense, but I doubt France would wish to keep our lights on indefinitely, (but who knows until they are asked), and might wish to see when we are going to be able to stand on our own two feet and how.



  • Registered Users, Registered Users 2 Posts: 249 ✭✭scrabtom


    Thanks for sharing. That is interesting and a bit concerning.

    Based off this page below, it seems like biomass is a big part of the energy mix, but doesn't feature in the electricity generation section. What's the difference do you know?

    Is biomass mostly used to directly power factories etc. rather than going on to the electricity grid?

    https://www.iea.org/regions/europe



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  • Registered Users, Registered Users 2 Posts: 15,649 ✭✭✭✭charlie14


    From the E.U. 2023 State of the Energy Report.

    2021 in the electricity sector, 45.6 mtoe of biomass fuels and bio liquids were used to produce 14.6 mtoe of gross electricity in 2021. 15% of the total gross renewable electricity mix.

    It goes on to state : Bioenergy produced from agriculture, forestry and organic waste foodstock continue to be the main main source of energy consumption in the E.U. accounting for about 59% of the renewable energy consumption in 2021. Primary solid biofuels (70.3%), representing the largest share of bioenergy, followed by by liquid biofuel (12.9%), boigas/bio-methane (10.1%) and renewable share of municipal waste (6%).



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