Low natural gas prices, not high renewable energy penetrations, are the main cause of low and negative electricity prices that are negatively impacting coal and nuclear operators, a new report from two DOE national labs finds. “There is little relationship between the location of recent (2010‐2016) coal, nuclear and other thermal retirements and [renewable] penetration levels,” Impacts of Variable Renewable Energy on Bulk Power System Assets, Pricing, and Costs from Lawrence Berkeley National Laboratory (LBNL) and Argonne National Laboratory says.
Utility Dive 5th Jan 2018 read more »
Entergy Corp said on Thursday it shut its 688-megawatt Pilgrim nuclear power plant in eastern Massachusetts because of the failure of one of the two lines that connect the reactor to the New England electric grid. The outage occurred during a winter storm that tested the power grid’s ability to keep the lights on as homes and businesses used most of the region’s natural gas supplies for heating, leaving less of the fuel available for power generation.
Reuters 4th Jan 2018 read more »