Pennsylvania Joins Other States Exploring Options to Save Nuclear

EnerKnol’s Visual Primer – Pennsylvania Joins Other States Exploring Options to Save Nuclear

EnerKnol Research Reports, EnerKnol Visual Primer, Nuclear Power, PRODUCTS, Renewables

Multiple proposals to preserve and expand nuclear generation have emerged among states willing to do so. These include zero emission credits (ZEC), categorizing nuclear as an alternative or renewable energy source, easing the construction process, and establishing cost recovery mechanisms. A few states, particularly Oregon, Tennessee, and Washington have passed policies to foster small modular reactors. New York and Illinois, which have established ZEC programs, have sparked a national debate over the premature closure of their nuclear plants due to their inability to compete in wholesale markets.

Prices Fall in PJM's 100-Percent Capacity Resource Auction

EnerKnol’s Visual Primer – Prices Fall in PJM’s 100-Percent Capacity Resource Auction

EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, Smart Grid

PJM’s 2017 capacity auction – the first one to apply the 100-percent Capacity Performance requirement – yielded a clearing price of $76.53/megawatt-day in most of PJM, about 24 percent lower than last year. Cleared capacity of seasonal resources like demand response, solar, and wind fell largely due to the new year-round performance requirement. Lower prices are attributed largely to lower natural-gas prices, lower demand forecasts, and new combined-cycle natural gas units clearing capacity in the auction.