Baseload coal is going broke in 2024 !
Which part of that don't you understand ?
lt's not about what people may or may not want. Nuclear is horredously expensive when compared to renewables . No one wants more expensive power .
Baseload coal used to run up around 90% of the time . Now it's down to 60% and falling . Hence it's hardly breaking even .
How do you propose that a much more expensive version of coal baseload , aka nuclear baseload , would be able to make money in 2040 ?
Renewables don't need baseload . They need energy storage which is flexible .
Baseload is not flexible.
Even under the Dud's plan he is going to have 90% renewables and storage . At worst we will have some gas peakers that will hardly get used . Nuclear can't do what gas peakers can.
Propose a single unit ? That would take at least 15-20 years to be ready at best once the regulation/legislation is sorted .
What are we going to do with renewables in the interim ? Stop building them ?
The current target is 83% by 2030. lf achieved that means that coal baseload will have 17% to fight over in 2030 . Taking that out another 10 years there will be no need for any baseload of any kind.
We have gone from 15% to 39% in 8 years with all the COALition headwinds and old technology . No doubt over the next 8 years we will at least double that achievement . That means we will add 50% renewables to the existing 40% today. That puts us at 90% by 2032. lt is widely expected we will be at 99% by 2035 .
There is no scenario where expensive nuclear baseload fits.
https://opennem.org.au/energy/nem/?range=all&interval=1M&view=discrete-time
