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Which is cheaper: nuclear or renewables? : Comments
By Graham Young, published 29/9/2023Net Zero Australia predicts capital costs for the renewable transition will be $9 trillion by 2050, and $1.5 trillion by the end of the decade.
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Our system of power reticulation comes with transmission line losses of around 11% and distribution losses around 64%. that's a grand total of 75%. 75% which the mug consumer, i.e., you, pays for.
And equally applicable to wind and solar farms. Which by the way, to be applicable as domestic or industrial supply will need ginormous battery or pumped hydro backup.
The very least economies of scale solar farms can reticulate power to the user is not less than 6 cents PKWH! And with battery or pumped hydro backup Not less than 24 cents PKWH!
And that's before one factors in the operator's markup, the wholesaler's markup and the reticulator's markup. The latter, whatever the market can bear!
If you can afford a rooftop solar array and battery backup. The savings to you make currently viable and more reliable.
That said, nothing comes close to locally placed SMR, because folks, if one is 200 feet under your road most if not all powerline and distribution losses that you pay for are eliminated.
Even more so (6 cents PKWH) if it's a MSR thorium (3 cents PKWH) or better yet nuclear waste burning MSRs, burning nuclear waste we are paid annual millions to take! and in the process reduce the half-life to around 300 years!
The last option would create virtually free power for any and all industrial applications and if accompanied by genuine and logical tax reform, i.e., a flat tax of around 15% and no tax compliance costs, which averages 7%.
Tax reform and compliance costs as proffered saves, industry/business around 5% on the lowest tax with attached compliance costs by around 5% in actual money currently returned annually to the ATO.
If we do all the above? We'd likely be killed in the stampede to relocate manufacturing facilities/business operations here! TBC
Alan B.