Just to note, the experience of France was a policy choice, not a function of nuclear

In most of the rest of Europe, market regulation allowed marginal cost pricing to be charged to consumers

It didn't have to be this way, and most people are completely unaware of this...

1/

https://twitter.com/GoldbergNic/status/1703368303295496409

As we all know, fossil gas prices spiked in 2022 in Europe, the TTF was 12 times higher than in 2020.

With marginal cost pricing, and gas often being the marginal source of generation, wholesale electricity prices spiked.

Indeed, they were US 18 cents/kwh higher than 2019

2/

#Renewable Power Generation Costs in 2021 from @IRENA is out

The headline isn't quite what you'd expect:

The global weighted average cost of new #solar #photovoltaics (#PV), onshore and offshore #WindPower projects fell in 2021.

Despite rising equp. costs.

Lets see why 1/n @IRENA 1st up the data:

Year on year change:

⬇️LCOE of onshore wind projects added in 2021 fell by 15%, year-on-year, to USD 0.033/kWh
⬇️ Utility-scale solar PV and offshore wind LCOE fell by 13% year-on-year to USD 0.048/kWh & USD 0.075/kWh respectively
⬆️ CSP up 7% though

2/n

A quick thread on why "over capacity" or " over build" of solar and wind is predominantly an ignorant or bad faith argument that misses, oh, well a truck load of important points. 1/ First: A lot of people spend a lot of time reminding us what we already know. You need to match elec supply & demand in real time, surprise. That means that at times you are calling on expensive generation to fill peak demands or supply gaps. 2/