Results tagged “cost”

Wind energy is a parasite relying on the grid for a host of services such as storage, grid reinforcement and backup generation normally provided by gas. Recent claims that offshore wind is now cheaper than nuclear power conveniently ignore these additional costs that are required to keep the parasite alive.
The Real Cost of Offshore Wind
The headline "Offshore wind now cheaper than nuclear power" is very much in the UK news following the latest offshore wind auction in the UK where the lowest bids came in at £57.50 / MWh, well below the Hinkley C strike price of £92.50. But baseload nuclear, which delivers all the time, can't be compared directly with intermittent wind, which delivers only when the wind blows. To make an apples-to-apples comparison we have to convert wind generation into baseload generation by storing the surpluses for re-use during deficit periods. Doing the math, offshore wind works out to be 6 times more expensive than nuclear power.
The real strike price of offshore wind
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