Marvin Posted December 23, 2021 Share Posted December 23, 2021 Definitely a consideration when thinking about PV to reduce running costs on a new build.... https://www.bbc.co.uk/news/business-59760331 Link to comment Share on other sites More sharing options...
SteamyTea Posted December 23, 2021 Share Posted December 23, 2021 Says EDF, who owns all the nuclear generation. Link to comment Share on other sites More sharing options...
nod Posted December 23, 2021 Share Posted December 23, 2021 On our first build The projected annual saving was £200 -300 From a financial point it didn’t make sense Link to comment Share on other sites More sharing options...
Radian Posted December 23, 2021 Share Posted December 23, 2021 Just wait... and for no particular reason, the price of new PV installations will now start to climb - despite the continual fall in material costs. ? Link to comment Share on other sites More sharing options...
nod Posted December 23, 2021 Share Posted December 23, 2021 5 minutes ago, Radian said: Just wait... and for no particular reason, the price of new PV installations will now start to climb - despite the continual fall in material costs. ? Exactly Some of the projective savings are ridiculous More work for the legal companies Link to comment Share on other sites More sharing options...
ProDave Posted December 23, 2021 Share Posted December 23, 2021 This is definitely a reason to fit PV but I am not sure it is a reason to fit more PV to an existing install. What I am seeing is the cost of electricity Vs the cost of Kerosene, is making a diesel generator set up as a CHP unit is starting to look attractive. 1 Link to comment Share on other sites More sharing options...
SteamyTea Posted December 23, 2021 Share Posted December 23, 2021 30 minutes ago, Radian said: Just wait... and for no particular reason, the price of new PV installations will now start to climb - despite the continual fall in material costs. ? I think we have had the large falls in price. Normal inflationary rises can be expected, part of which is caused by energy prices. https://www.iea.org/data-and-statistics/charts/evolution-of-solar-pv-module-cost-by-data-source-1970-2020 Link to comment Share on other sites More sharing options...
SuperJohnG Posted December 23, 2021 Share Posted December 23, 2021 Slightly disconcerting they are focusing on gas costs when electricity is about 4-5 times the price. I'm currently involved in Hinkley point C, whichnis being built by EDF and the chinese. Original target 13 billion I believe, currently at 24 billion last I checked and projected for 33 Billion. I'm a fan of nuclear, but the costs get to us of course. I'm also involved in offshore wind heavily, costs also massive but we should see that Co e down over time but we were just getting major momentum globally which will drive price per kWh high for 10 years maybe. All in my opinion of course. Link to comment Share on other sites More sharing options...
SteamyTea Posted December 23, 2021 Share Posted December 23, 2021 £11bn/GW. If it lasts 60 years, and generates all the time, that is 2p/kWh (I think). Strike Price was about £92.50/MWh, 9.25p/kWh. Still a good deal if I have worked it out right (for EDF). 1 Link to comment Share on other sites More sharing options...
ProDave Posted December 23, 2021 Share Posted December 23, 2021 11 minutes ago, SteamyTea said: £11bn/GW. If it lasts 60 years, and generates all the time, that is 2p/kWh (I think). Strike Price was about £92.50/MWh, 9.25p/kWh. Still a good deal if I have worked it out right (for EDF). Isn't that the cost of building it? then add on the cost of running it, fuelling it, decommissioning it........ Link to comment Share on other sites More sharing options...
SteamyTea Posted December 23, 2021 Share Posted December 23, 2021 Just now, ProDave said: Isn't that the cost of building it? then add on the cost of running it, fuelling it, decommissioning it........ Yes, but I think the running costs are relatively low. That is the major selling point of nuclear. Like @SuperJohnG, I like nuclear, but the costs soon run away. The cost of decommissioning is also in the strike price, and who can tell what those will be in 60 years time. 2 Link to comment Share on other sites More sharing options...
JohnMo Posted December 24, 2021 Share Posted December 24, 2021 Lots of hidden costs they don't speak about. Maintenance costs can be huge compared to traditional generation Example a coolant pump for a gas powered station is £xxxxx, the pump for nuclear has many changes in spec, which can double or more the cost. Installed life is reduced due to safety implementation of failure in service. Loads of extra safety measures that are not applicable elsewhere, which means productive manhours are very low also. Then there's the decommissioning cost, which the tax payer picks up. Link to comment Share on other sites More sharing options...
Jilly Posted December 24, 2021 Share Posted December 24, 2021 It worries me that if there are problems at Hinkley point, some one will say 'Oh dear, the instructions are in Chinese...' Link to comment Share on other sites More sharing options...
SteamyTea Posted December 24, 2021 Share Posted December 24, 2021 4 minutes ago, Jilly said: It worries me that if there are problems at Hinkley point, some one will say 'Oh dear, the instructions are in Chinese...' That is not so bad. If they were in Chinglish it would be worse. Or IKEA could have written them. 1 2 Link to comment Share on other sites More sharing options...
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