Earlier quoted context omitted.
Yes. But these things can be orthogonal. Or actually brcause gas is expensive. https://www.bbc.com/news/articles/crkep1vx3mro The price for wholesale electricity is set by a bidding process, with each generating company saying what it would be willing to accept to produce a unit of electricity. Once built, the cost of generating power from renewables is very low, so these typically come in with the cheapest bid. Nucl…
Renewables may be the cheapest at spot values, but there needs to be a way to price in the intermittent nature of the power.
Then when asked what method to price in the Swedish nuclear fleet having ~50% of capacity offline multiple times last year and France famously having 50% of the capacity offline during the energy crisis I always get crickets for answers.
It’s apparently fine when nuclear plants doesn’t deliver, but not renewables.
The difference with renewables is that it’s even easier to manage. Their intermittency is entirely expected and the law of large numbers ensure we never have half the capacity offline due to technical issues at the same time.