Base load becomes very expensive under free and fair market conditions. The reason is simple: wind and PV are extremely cheap, and surplus capacity costs little. PV module price in EU is just 0.086 UDS/W fob. Wind turbine price in China ~2200Yuan/kW inclusive tower.
In a free market, this leads to attractive conditions for batteries, and that is where the problem of base load begins: there is a lack of real demand, and base load then remains unused because its OPEX cannot compete with wind and PV.
There's just one problem. There is virtually no free and fair market in the electricity market. Utilities lobby very successfully for highly regulated markets to protect their monopolies. Nuclear power requires massive government protection from competition, which makes it attractive to utilities.
Yes, electricity is becoming very cheap in China, and it will be difficult for the West to keep up here. Exorbitant US tariffs are also counterproductive, as they only serve to secure monopoly profits for old utilities.
In a free market, this leads to attractive conditions for batteries, and that is where the problem of base load begins: there is a lack of real demand, and base load then remains unused because its OPEX cannot compete with wind and PV.
There's just one problem. There is virtually no free and fair market in the electricity market. Utilities lobby very successfully for highly regulated markets to protect their monopolies. Nuclear power requires massive government protection from competition, which makes it attractive to utilities.