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Renewables Mix Beats Nuclear on Price in Future Energy Systems

 A new way of assessing costs of different energy sources shows that an
optimal mix of renewables will be cheaper than nuclear power in future
energy systems, where linking different sectors together drives down costs.

David Pickup, manager of the electricity program for the Pembina Institute,
told The Energy Mix the new study, published in the journal Energy, echoes
what’s been shown in other analyses, that “a range of different
electricity supply types is needed to deliver the lowest-cost system.”
“It also highlights that growing low-cost wind and solar energy goes hand
in hand with smart and flexible electrification, including energy storage,
electric vehicle charging, and heat pumps,” he added.

Cost comparisons of
different energy sources are often presented through the levelized cost of
electricity (LCOE) metric, which identifies the cost of the production of
one unit of electricity, factoring in investment costs, a power plant’s
operation and maintenance costs, fuel costs, and other elements. But LCOE
only tells part of the story because it excludes the costs or savings of
operating that source within a larger energy system. Any given energy
source may be more or less expensive depending on the wider system into
which it is integrated.

 The Energy Mix 30th April 2026, https://www.theenergymix.com/renewables-mix-beats-nuclear-on-price-in-future-energy-systems/

May 4, 2026 - Posted by Christina Macpherson | renewable