this post was submitted on 22 Aug 2023
597 points (97.6% liked)
World News
32289 readers
1038 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Wholesale power prices are cheaper in Germany than they are in France. Last year France had to shut down half their reactors for maintenance and weather. Germany had to export to them. Before the French government bailed out the nuclear industry again, there was talk of splitting up EDF from their profitable renewables investments, away from its loss-making nuclear problem. EDF's CEO resigned because of the vast cost of the UK's HPC nuclear plant. And now, under agreement with the UK government, EDF can make a profit from HPC without it actually being constructed with their RAB model.