Nuclear Power

New York Proposes Nuclear Subsidy Based on Social Cost of Carbon

EnerKnol Research Reports, Nuclear Power, PRODUCTS, Renewables

The New York State Public Service Commission (NY PSC) has issued a proposal to subsidize nuclear power generating facilities that may otherwise be retired to preserve their zero-emission attributes as part of the state's Clean Energy Standard (CES). The subsidy program could prompt additional policy changes, especially in terms of market design, as retention of existing nuclear plants requires long-term financial viability, which in turn hinges on wholesale markets recognizing the benefits of nuclear power.

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New York Seeks To Redesign Compensation To Keep Nuclear Plants Alive

EnerKnol Research Reports, Nuclear Power, PRODUCTS, Renewables

On February 23, 2016, the New York State Public Service Commission (NY PSC) announced a plan to preserve financially-struggling nuclear power plants, which, if closed, would negatively impact the state’s ability to meet its clean energy and emissions reduction objectives. The plan could set the stage for additional policy changes, since sustained operation of existing nuclear plants requires long-term financial viability facilitated by an effective market design that recognizes the range of nuclear benefits.

Nuclear Plant Retirements Reflect Need For Wholesale Market Reforms

EnerKnol Research Reports, Nuclear Power, PRODUCTS, Renewables

Key Takeaways: Entergy Corporation will retire its 852 MW FitzPatrick Nuclear Power Plant in New York at the end of its current fuel cycle by early 2017 Natural gas-fired generation will largely replace decommissioned nuclear capacity Renewable generation will increase, although at a slower pace that may not offset lost nuclear generation, due to its…...

Signed Energy Act Sets Tone for Upcoming Energy Legislation Debates

Biofuels, Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Energy Storage, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power1 Comment

Insight for Industry – Energy Efficiency Improvement Act Will Reduce Energy Demand The Energy Efficiency Improvement Act of 2015, which President Obama signed into law on April 30, will add momentum to falling energy consumption per capita in the United States by reducing energy demand from commercial buildings, manufacturing plants, and homes. The relatively uncontroversial…...

FERC Advances Oregon LNG Export Facility as Congress Moves to Fast-Track New Trade Legislation

Carbon Markets, Coal Power, Emissions, Energy Storage, Environmental Markets, Fossil Fuels, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables1 Comment

Trans-Pacific Partnership would Open New Markets for U.S. LNG Export Projects Key Takeaways: U.S. shale gas boom created opportunities to export surplus natural gas to high price markets in Asia, but lengthy regulatory processes have weakened U.S. natural gas producers’ ability to compete with global markets The Trans Pacific Partnership (TPP) could facilitate western LNG…...

Market Speculation Drops in 27th RGGI Carbon Allowance Auction

Carbon Markets, Coal Power, Emissions, Energy Efficiency, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Solar Power, Wind Power

Insight for Industry – RGGI Market Gaining Stability The Regional Greenhouse Gas Initiative’s (RGGI) first quarterly auction of 2015 (Auction 27) results indicate a stable market design as compliance entities purchased all allowances and the clearing price remained below the Cost Containment Reserve (CCR) threshold. Despite high overall demand, zero non-compliance (solely financial market) entity…...

REV Policy Framework Restricts Utility Ownership of Distributed Energy Resources

Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Energy Storage, EnerKnol Research Reports, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power

Distributed System Platform to Facilitate New Resource Integration The marketplace envisioned under the New York Public Service Commission’s (PSC) Reforming the Energy Vision (REV) proceeding targets efficient development of distributed energy resources (DERs). In its REV Track One regulatory framework issued on February 26, 2015, the New York PSC determined that utilities will perform the…...

New York Utilities to Create New Distribution System Platform

Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Energy Storage, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power

Incumbent Utilities will act as Distributed System Platform Providers New York Public Service Commission (PSC) and Department of Public Service (DPS) staff has deemed incumbent utilities as the best entities to develop new distributed system platforms (DSPs) under the Reforming the Energy Vision (REV) proceeding. The proceeding aims to reorient New York’s electric industry and…...

Demand Response to Grow Under Alternate Scenarios Regardless of FERC Order 745 Outcome

Coal Power, Emissions, Energy Efficiency, Energy Storage, Environmental Markets, Fossil Fuels, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power

Demand response participation in wholesale power markets has varied across Regional Transmission Organizations since the Federal Energy Regulatory Commission finalized Order 745 in 2011. The outcome of the Supreme Court’s pending review of the May 2014 Order 745 vacatur will have varying impacts across RTOs based on market structure and demand response enrollments in wholesale…...

ISO-NE Requests Continued Winter Reliability Programs over Market-Based Solution through 2018

Coal Power, Emissions, Energy Efficiency, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid1 Comment

ISO-NE insists that its Winter Reliability Programs are a cost-effective interim means for fuel assurance prior to implementation of its Pay-for-Performance market-based solution in 2018. The New England Independent System Operator (ISO-NE) currently relies on its Winter Reliability Program (WRP) to maintain electric system reliability and mitigate system operation challenges caused by natural gas constraints…....

U.S. Nuclear Industry Supports Growth Despite Aging Plant Retirements

Emissions, Environmental Markets, Fossil Fuels, Natural Gas, Nuclear Power, Power & Utilities, Renewables

Despite aging nuclear plant retirements, the U.S. nuclear industry continues to support new development and advanced nuclear technologies.   The Administration supports continued federal nuclear energy program funding in its “all of the above” energy strategy. Despite aging plants challenged by low-cost natural gas-fired generation and several off-schedule new plant constructions, the nuclear energy industry…...

FERC and NARUC Panelists Voice Concerns Over Clean Power Plan Reliability Impacts

Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Energy Storage, Environmental Markets, Fossil Fuels, Hydropower, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power

State and Regional Regulators Voice CPP Concerns at FERC and NARUC Meetings This past week, states and industry stakeholders directly voiced questions, concerns, support and opposition for the Environmental Protection Agency’s (EPA) proposed emissions reductions from existing power plants. On February 19, 2015, the Federal Energy Regulatory Commission (FERC) held its first of four technical…...