Skip to main content

NEI's Energy Markets Report - April 7- April 11, 2008

Here's a summary of what went on in the energy markets last week:
Electricity peak prices saw small changes at all hubs last week. All prices last week were higher than the previous four-week and last 52-week averages. The Palo Verde and SP 15 hub prices have steadily increased with the price of gas since the beginning of November. Their prices last week were about $20/MWh higher than the last 52-week average. In 2007, Arizona and California relied on gas for 34 percent and 56 percent of their generation (see pages 1 and 3).

Estimated nuclear plant availability fell to 77 percent last week. Four units began refueling while one finished. FitzPatrick and Pilgrim were down briefly on April 6 (NRC, see pages 2 and 4).

Uranium prices fell to $69 and $68/lb U3O8 according to TradeTech and UxConsulting (see pages 1 and 3).

Gas prices at the Henry Hub increased $0.21 to $9.81/MMBtu. After beginning the 2007-2008 heating season at a record level, underground natural gas storage levels declined relative to last year’s levels as the weeks progressed. By the end of the heating season, storage fell below the 5-year (2003-2007) average. Temperatures during much of the heating season were warmer than normal, but colder-than-normal temperatures late in the heating season led to net storage withdrawals that were significantly higher than average (see pages 1 and 3).

In March 2008, six wind farms totaling 508 MW, three gas plants totaling 170 MW and 13 solar projects totaling 1.8 MW came online. From January 2008 to March 2008, 1,332 MW of wind, 485 MW of gas, 92 MW of coal and 58 MW of other renewables came online. By 2012, the following amounts of new generating capacity are expected to come online: 40,000 MW of coal (-1,000 MW from last month’s figure); 59,000 MW of natural gas (no change); and 40,000 MW of wind (-1,000 MW from last month); see page 5.
For the report click here. It is also located on NEI's Financial Center webpage.

Comments

Popular posts from this blog

A Design Team Pictures the Future of Nuclear Energy

For more than 100 years, the shape and location of human settlements has been defined in large part by energy and water. Cities grew up near natural resources like hydropower, and near water for agricultural, industrial and household use.

So what would the world look like with a new generation of small nuclear reactors that could provide abundant, clean energy for electricity, water pumping and desalination and industrial processes?

Hard to say with precision, but Third Way, the non-partisan think tank, asked the design team at the Washington, D.C. office of Gensler & Associates, an architecture and interior design firm that specializes in sustainable projects like a complex that houses the NFL’s Dallas Cowboys. The talented designers saw a blooming desert and a cozy arctic village, an old urban mill re-purposed as an energy producer, a data center that integrates solar panels on its sprawling flat roofs, a naval base and a humming transit hub.

In the converted mill, high temperat…

Hurricane Harvey Couldn't Stop the South Texas Project

As Hurricane Harvey battered southeast Texas over the past week, the devastation and loss of life in its wake have kept our attention and been a cause of grief.

Through the tragedy, many stories of heroics and sacrifice have emerged. Among those who have sacrificed are nearly 250 workers who have been hunkered down at the South Texas Project (STP) nuclear plant in Matagorda County, Texas.

STP’s priorities were always the safety of their employees and the communities they serve. We are proud that STP continued to operate at full power throughout the storm. It is a true testament to the reliability and resiliency of not only the operators but of our industry.

The world is starting to notice what a feat it is to have maintained operations through the catastrophic event. Forbes’ Rod Adams did an excellent job describing the contribution of these men and women:

“STP storm crew members deserve to be proud of the work that they are doing. Their families should take comfort in the fact that…

New Home for Our Blog: Join Us on NEI.org

On February 27, NEI launched the new NEI.org. We overhauled the public site, framing all of our content around the National Nuclear Energy Strategy.

So, what's changed?

Our top priority was to put you, the user, first. Now you can quickly get the information you need. You'll enjoy visiting the site with its intuitive navigation, social media integration and compelling and shareable visuals. We've added a feature called Nuclear Now, which showcases the latest industry news and resources like fact sheets and reports. It's one of the first sections you'll see on our home page and it can be accessed anywhere throughout the site by clicking on the atom symbol in the top right corner of the page.
Most importantly for you, our loyal NEI Nuclear Notes readers, is that we've migrated the blog to the new site. Moving forward, all blog posts will be published in the News section, along with our press releases, Nuclear Energy Overview stories and more. Just look for the &qu…