Re: Nuclear always costs more than it's supposed to
"Luddite beard-mutterers like Orlowski witter on about intermittency (without actually understanding what it really means - but never mind) but say nothing about the unreliability and unplanned outages at the UK's nuke plants."
Power generation depends on a handful of key concepts - of particular relevance here are load factor (how much power you get from an asset compared to its maximum rated output), the merit curve (the idea of using the most marginally efficient/cheap plant most of the time), and reserve margin (where you have more capacity than you need to allow for breakdowns or grid problems.
Nuclear reliability is addressed by reserve margin, but for all types of thermal plant you only need about 15% reserve capacity. With wind you need 100% reserve (for the wind element) because it doesn't work at all in periods of very high or very low winds, nor on the coldest days of the year, giving the very low load factors observed in practice, of around 25%.
The merit curve means you run nuclear whenever you can because its marginal cost is the lowest, so it provides continuous baseload, supplemented by the most efficient gas plants. The intermittent nature of wind doesn't work well here, because given that politicians have mandated that it must be used when it is available, it acts like a form of negative and unpredictable demand. That increases emissions because the marginal plant at the wrong end of the merit curve is used to backfill when wind stops, but that is by defintion the least efficient. With the "must run" status of wind, it has an incredible hidden subsidy offered to no other form of generation, but this also hinders the system marginal pricing model, and makes the marginal thermal generation plants unprofitable. So on the one hand wind power sets a high marginal price for consumers, but without additional subsidies newly required by the thermal plant, then your beloved renewables won't be able to offer any reliable power to this country.
From a purely technical point of view, wind power without cheap energy storage is madness. It destabilises the grid, it sucks up subsidies, both direct cash and hidden ones like "must run", it then requires new subsidies to the least efficient thermal plant to keep them available. And the capital cost of wind is ruinous.
There has been a never ending tale of woe in this country about rising energy prices. Unfortunately that rise will continue because your electricity charges need to pay for DECC's new "energy company obligations", which are DECC mandated spending to benefit the fuel poor (an ever increasing number because of DECC's policies), because the renewables operators and their financiers are snorting up the subsidies that DECC have spread on the table, and because having bust the wholesale market, DECC are going to have to implement new energy trading arrangements to subsidies the least efficient thermal plant throuigh capacity payments. That's before rises in world primary energy prices, and before unfavourable movements in exchange rates due to the government spending more than it raises in taxes.
At this point, somebody from the greeny/lefty/hard-of-thinking camp says that it should all be renationalised, because it was cheap, green, and reliable in the good old days (Yeah! Remember the three day week? winter of discontent?). Unfortunately, no matter who owns it, there's no change to the underlying concepts that I've discussed above, and the "profit" that you think you'll take off of energy bills will be lost through incremental government borrowing costs. Anybody who thinks that a government already living £120bn a year beyond its means would be able to easily borrow a further £150bn to renationalise the electricity industry clearly doesn't understand anything.