economics

U.S. Secretary of Energy Ernest Moniz said the time will come—perhaps 10 to 15 years from now—when “nuclear power is going to have to see a substantial resurgence.” Moniz was speaking on May 19 at the “Summit on Improving the Economics of America’s Nuclear Power Plants.” He provided opening remarks, framing the challenges facing the […]

Fort Calhoun Station (FCS) appears to be the next in a string of nuclear plants that have ceased operations or plan to retire as a result of difficult economics. Tim Burke, president and CEO of Omaha Public Power District (OPPD)—the plant’s owner—presented senior management’s recommendation to close FCS by December 31, 2016, to the board […]

Dynegy Inc. announced on May 3 that it plans to shut down multiple Illinois coal-fueled units due mainly to the failure of the plants to recover basic operating costs in recent Midcontinent Independent System Operator (MISO) capacity auctions. According to the company, the generation that will be lost is 2,800 MW—about 30% of the total […]

North America’s reserve margins are trending downward, even though electricity demand has generally fallen, the North American Electric Reliability Corp. (NERC) warned in a new report. The international regulatory authority established to gauge and improve the reliability of North America’s bulk power system (BPS) said in its annual long-term report that electricity demand has dropped […]

Europe’s third-largest power provider on Tuesday announced it would take offline 3.1 GW of natural gas and coal power plants in Germany and the Netherlands, citing a “continuing boom in solar energy.” Echoing several European utilities, Germany-based RWE has underscored the declining profitability of fossil fuel–fired plants that it says is pegged to fundamental changes […]