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Astronuc
Staff Emeritus
Science Advisor
2023 Award
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Three Mile Island at center of debate: Let nuclear plants die or save them
http://www.msn.com/en-us/news/us/three-mile-island-at-center-of-debate-let-nuclear-plants-die-or-save-them/ar-AAqfyOu
Relatively inexpensive gas makes some nuclear plants less cost competitive.
Some of the issues:
http://www.msn.com/en-us/news/us/three-mile-island-at-center-of-debate-let-nuclear-plants-die-or-save-them/ar-AAqfyOu
Relatively inexpensive gas makes some nuclear plants less cost competitive.
Some of the issues:
The danger PJM sees is that each new subsidy creates a precedent for government intervention. The uncertainty makes it harder for investors to determine what sort of power generation is a sound investment in the region, Bresler explained. Those investors could simply decide to put their capital to work in other energy markets where the regulatory outlook is more stable, ultimately leading to under-investment in places where government intervenes, he added.
PJM believes longer-term, regional approaches are more appropriate. It has produced research that outlines how coal plants and nuclear energy, which provide the type of stable energy that is still necessary for reliable power supply, could play a larger role in setting prices. It is also preparing to release a report on how to put a price on carbon emissions in all or parts of the regional grid.
Three Mile Island could be viable if natural gas prices rose from below $3 per million British thermal units to about $5 per mmBtu and if a "reasonable" price were applied to carbon, according to Exelon's Dominguez. He is encouraged by the fact that that conversations around new pricing models and carbon pricing are gaining traction.
"The great part about this is everybody understands we have a major problem. We're losing some of the lowest cost, cleanest and most reliable resources in America," Dominguez said.