Phasing out 24/7 #fossilfuel plants could encourage the market to provide necessary price signals for new clean generation build, while supporting the profitability of clean #nuclearpowerĦ. We may witness European #nuclear power plants being switched off during summers, with usage confined to winter months.ĥ.
Caution is needed while building new power generation, such as #CCGT #gas plants, which lack the flexibility needed for the modern world.Ĥ. #Baseload #electricity producers running 24/7 will face profitability challenges as #renewables continue to grow.ģ. We should invest in flexible #hydro plants across Europe to align with the power curves of #solar and #wind.Ģ. The graph shows that #nuclear power is quite similar to #coal, both running 24/7 and facing negative prices during sunny days.ġ. However, what's intriguing is that #renewable #hydro provided the bulk of necessary flexibility as power prices surged from zero to EUR 100/MWh across Europe when the sun went down! This image depicts power generation across #Europe last Saturday, with a focus on the need for #gas plants to balance the variability of #solar and #wind in the power system.
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