Economically failing nuclear plant to receive 1.1B bailout ( apnews.com )

nuclear , 5 months ago

https://feddit.nl/pictrs/image/d5b5e0d7-2edd-4f06-802b-bc5700028968.png

If you want to talk about subsidies, let's talk about how fossil fuels and renewables get MORE subsidies than nuclear energy.
https://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf

Emil Mod , 5 months ago

Very similar for the EU (this subsidy is only used for decommissioning NPPs too).

https://feddit.nl/pictrs/image/06bfa335-469a-4b9e-906d-c852844540a3.png

Emil Mod , 5 months ago

Nice framing, but that's a whopping 1.2 cents in financial aid per kWh.

Sounds like great deal actually.

lettruthout OP , 5 months ago

Of course it's a good deal - for the companies involved. They get to socialize the costs, while privatizing the profits.

The rest of us pay for this, and get a legacy of radioactive waste, and a delay in the inevitable transition to renewable power.

For anyone paying attention, this is just one more example of how the nuclear industry has failed economically.