Losses are due to skin effect. Direct current flows through the full cross-sectional area (CSA) of the, typically aluminum, conductor, while alternating current flows on the outer surface of the conductor. This reduces the effective CSA of the conductor and increases the resistive losses to the cable.
At 4:44 of video, Real Engineering illustrates this relationship:
So HVDC have less losses to deal with. HVDC have additional costs due to conversion to and from DC and cheaper transmission towers, so there will be a cross-over point where it is cheaper to use HVDC transmission vs high-voltage 3-phase AC transmission.
Question image was extracted from eia U.S. Energy Information Administration - Assessing HVDC Transmission for Impacts of Non‐Dispatchable Generation
Previous paragraph explains this.
Lower reactive and “skin effect” losses: The power‐carrying capability of AC lines is affected by the reactive power component of AC power, and the “skin effect” losses, which cause a non‐uniform distribution of current over the cross‐sectional area of the conductor. HVDC lines are not affected by reactive power components nor do they experience any losses because of “skin effect.”
Same page of that document, the image from ABB shows a crossover point for the same voltage HVDC transmission vs 3-phase AC vs cost.
It's 300km for 1,200MW. Video states around 500 to 800km, but breakeven point would vary based upon transmitted power. More power, more current and greater the $I^2 R_{line}$ losses, so the shorter the breakeven point.
The eia report cites a Siemens report (High Voltage Direct Current Transmission – Proven Technology for Power Exchange), which provides additional details.
The advantages of a DC link over an AC link are:
■ A DC link allows power transmission between AC networks with different frequencies or networks, which can not be synchronized, for other reasons.
■ Inductive and capacitive parameters do not limit the transmission capacity or the maximum length of a DC overhead line or cable. The conductor cross section is fully utilized because there is no skin effect.
Which can be interpreted as:
HVDC allows going from different countries with different frequencies (60Hz to 50Hz) or slight variations in fundamental frequencies (as in generator synchronization or load variance).
AC current is continuously changing, so there is inductive and capacitive coupling between the cables and surrounding environment. Essentially a reactive power loss (MVAR). HVDC current would depend on load, so changes, but if you keep load constant, no inductive and capacitive coupling.
Current flows through full CSA of conductor, so less resistance/CSA/km.
Actual losses are as mentioned in video.
: On average, the losses on the HVDC lines are roughly 3.5% per 1000 km, contrasted with 6.7% for comparable AC lines at similar voltage levels (Siemens 2017). HVDC lines also experience losses at the converter stations, which range between 0.6 and 1% of the power delivered. In a side‐by‐side comparison, the total HVDC transmission losses are still lower than AC losses for long‐distance lines (lower by 30%–40%, typically).