Ontario, Canada would disagree with you: nuclear is 10.1¢/kWh, hydro is 6.2¢, (methane/natural) gas is 11.4¢; see Table 2:
* https://www.oeb.ca/sites/default/files/rpp-price-report-2023...
Of course hydro-electric dams typically flood many hectares of land for the reservoir. The current ones are getting refurbished:
* https://www.cbc.ca/news/canada/toronto/niagara-ontario-power...
Ontario's nuclear fleet are also in the middle of a bunch of refurbs:
* https://www.cbc.ca/news/canada/toronto/ontario-nuclear-power...
Some of which are finished:
* https://www.opg.com/releases/opg-celebrates-the-early-comple...
Live data on Ontario's grid:
* https://ieso.ca/power-data § "Supply" tab
And if you sign up for those ULO rates you also get 28.6¢ on-peak rates. The average over the entire day stays at 11.1¢ (see Table ES-2).
I guess they want to flatten the demand curve and reduce its cyclic nature: there's a cost to dealing with the traditional peaks times as well in various types of capacity.