More than half of America’s nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis. Nuclear power plants are getting paid $20 to $30 a megawatt-hour for their electricity, Nicholas Steckler, an analyst at Bloomberg New Energy Finance, said in a report Wednesday. Meanwhile, it costs them an average of $35 a megawatt-hour to run. That puts 34 of the nation’s 61 plants out of the money, with almost all of the merchant reactors owned by Exelon Corp., Entergy Corp. and FirstEnergy Corp. appearing to be below break-even, he said. The report underscores the increasing pressure nuclear power generators are facing even as cheap natural gas and renewable resources encroach on their share of the U.S. power market. States including New York and Illinois are now working to subsidize nuclear plants to keep them generating emissions-free electricity.
Bloomberg 14th June 2017 read more »
An update of the New York State Reforming the Energy Vision (NY REV). NY REV is: Envisaging a decentralised energy system, with a new ‘heart’ at the distribution level, which is coordinated in a new way via a distribution system provider (DSP) with more values for more services via transactive energy markets / platforms; Envisaging a ‘new’ regulatory framework and basis (with a far higher proportion of utility revenue related to performance based regulation) which the NY Public Service Commission argued was necessary to meet their mandate, being more suited to meeting the challenges faced by the NY energy system,. This meant that where possible, incentivizing the solutions rather than regulating for certain outcomes was preferred; Envisaging a transactive energy system providing services aimed at fulfilling individualised customer choice, including providing value to customers when they add value to the system; Argues that bottom-up optimisation via decentralised energy resources is more cost effective and resilient than traditional top-down centralised operation; Uses administered / regulated programs (ie to support renewable energy, energy efficiency measures etc) to develop the necessary building blocks for efficient market activity, and then envisages the administered programs decline in importance relative to markets as, for example, RE becomes competitive or as companies delivering EE services become more mature etc; Determined to ensure a process whereby public service obligations can be fulfilled
IGov 15th June 2017 read more »