nuclear subsidies

Subsidies to suppliers in the PJM Interconnection go to fossil and nuclear, not just renewables

PJM Interconnection is a regional transmission operator (RTO) serving more than 60 million customers in 13 states and the District of Columbia.  The service region is centered in the mid-Atlantic region of the United States. Incumbent base load generators within PJM have complained that subsidies to renewable resources have been cutting their ability to win capacity market auctions, stripping them of revenue, and harming them competitively. They have been proposing adjustment factors that would improve their competitive position by adjusting bid prices to exclude the subsidy.

Cost-Efficient Greenhouse Gas Reductions: Nuclear is No Silver Bullet

Although nuclear power is a source of low carbon electricity, it is by no means a clear solution to the challenge we face in reducting greenhouse gas emissions.  This presentation discusses common metrics to assess the most cost-efficient source of ghg emissions and reviews multiple studies indicating that new reactors are an expensive option relative to alternatives, and getting more so each year.  Cost escalation, lengthening delivery times on reactor projects, and oft-ignored concerns about proliferation create significant headwinds for the nuclear pathway.  In contrast, competitors cont

Subsidy Briefs, June 1, 2015

Another roundup of interesting tidbits from the world of government subsidies.

1)  Nuclear:  A new age of nuclear energy is about to dawn?  Optimism is a good thing, and Michael Brush of the Fiscal Times certainly exudes it.  But optimism probably shouldn't lead you to invest your 401(k) in a bunch of nuclear utility stocks. 

The simple reasons nuclear will lose the battle for our energy future to companies like Tesla

Two straightforward concepts drive the inevitable marketplace defeat of nuclear power in most power markets:  incremental innovation and lot size.  People are quite clever in making many things, but we also frequently screw up.  We learn by educated trial and error, and we get better bit-by-bit over time. 

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