Friday, August 25, 2006

NEI Energy Markets Report (August 14th - 18th)

Here's a summary of what went on in the energy markets last week:

Electricity prices were mixed to decreasing throughout the country last week. Gas prices at the Henry Hub fell $.38 to $7.04/MMBtu (see page 4).

Nuclear capacity availability averaged 98 percent last week. Brunswick 1, Crystal River 3, and Oconee 3 were down for maintenance (see pages 2 & 3).

Uranium prices (from UxC and TradeTech) were at $48.00 and $47.50/lb U3O8 (see page 7). Last week, natural gas futures at the Henry Hub were at $6.79/MMBtu for September and $11.12/MMBtu for January 2007 (see page 6).

For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage.

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3 comments:

GRLCowan said...

With due respect to those who argue today's nuclear plants discharge their fuel when it has hardly begun to burn, I believe the presently typical burnup of, for recent CANDUs, 164 thermal MWh per kg U -- aka 560 mmBTU per kg U, if one must speak of BTUs -- provides a useful way of reporting uranium prices on the same calorific basis as the quoted natural gas ones you've got them next to. Try it.

--- G. R. L. Cowan, former hydrogen fan
Burn boron in oxygen for vehicle power

David Bradish said...

That's a good idea, however, we would have to talk with Ux Consulting and Tradetech which is where we get the numbers. I do not believe that's how the uranium market works though. But I'm not an expert on the uranium market so don't quote me on that.

Here is an EIA link (pdf) which has all the data in Btus for comparison.

GRLCowan said...

I don't see that any additional information from UXc or TradeTech is needed.

Each US$1 per pound U3O8 translates into US$1.179 per pound U, then into US$2.600 per kg U, and finally, if we accept the 550 mmBTU per kg U yield as fairly typical, into US$0.004646 per mmBTU.

--- G. R. L. Cowan, former hydrogen fan
Burn boron in pure oxygen for vehicle power