The issue is though that you are saying 0.01% chance scenario, but gas/nuclear doesn't all go down at once at the same time every year. It's a somewhat fair counter that you might have serious gas disruptions, but LNG does massively diversify potential supply (and in the UKs case we have and will have a fair amount of domestic production for the next while).
Also keep in mind the overbuilding a massive problem anyway _outside_ of those 1-2 weeks worst case scenarios. We already have highly negative prices occurring more and more, and IMO this is the definition of policy failure, because the negative prices only arise because subsidies _encourage_ plants to keep producing even though the value is quite literally negative of the output.
Finally I don't think it's once in a century, probably most years have a significant Dunkelflaute event. And not all industry can be shut down like that (eg aluminium production) without causing catastrophic damage, and even if they can it makes them an unreliable supplier.
Also keep in mind the overbuilding a massive problem anyway _outside_ of those 1-2 weeks worst case scenarios. We already have highly negative prices occurring more and more, and IMO this is the definition of policy failure, because the negative prices only arise because subsidies _encourage_ plants to keep producing even though the value is quite literally negative of the output.
Finally I don't think it's once in a century, probably most years have a significant Dunkelflaute event. And not all industry can be shut down like that (eg aluminium production) without causing catastrophic damage, and even if they can it makes them an unreliable supplier.