this post was submitted on 15 Oct 2024
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Nuclear plants cost a lot to produce but electricity from a nuclear plant sells for the same as electricity from anything else. Since many other options are cheaper to produce and maintain, nuclear is less cost efficient, not highly cost efficient as you claim. That's why it's not successful.
The high production capacity drives down the market rate by flooding the retail market
It costs more to produce that electricy with nuclear than it does to produce it with other technology. Making lots of cost inefficient electricity is still making cost inefficient electricity.
Electricity production costs of new power plants in €/MWh per the 2015 column are consistently some of the lowest across sources, with Hydro being the only serious competition.
The other table has newer studies than 2015, where nuclear is not cheaper, but you've only pointed out the column where they found it was cheaper 10 years ago. Wind and solar have gotten cheaper to produce, and nuclear more expensive. It is not cost efficient compared to other modern options.
The only one that's in the ballpark is the most recent stats on Photovoltaics. And we've had a decade to improve breeder reactors and molten salt reactors since then.
Nuclear has not gotten more expensive.
According to the article you have provided, it has... The first figure under Global Studies shows nuclear prices have increased, and the general trends of the various studies in the two tables show an increase over time.