NEI Nuclear Notes

The Federal Energy Regulatory Commission, the body that sets the rules for the competitive energy markets around the country, will soon take up a proposal from the Department of Energy (DOE) to adjust the pricing system, to ensure the survival of electricity generators that keep at least 90 days of fuel on hand. The department believes the current trend of unusually low power prices is pushing more of these plants, including nuclear reactors, into early retirement, and threatening the power grid’s resiliency and reliability. At the heart of the DOE’s proposal is the idea that everybody values resilience, but at the moment, nobody pays for it. In the electricity markets today, consumers pay for energy, and they pay for capacity – that is, the ability to make energy when needed. They pay for other services on the grid, like voltage control, that keep the electrons flowing smoothly. But there isn’t a mechanism to pay for resiliency, which the federal government defines as “the ability t...

Earlier this week, Connecticut Gov. Dannel P. Malloy signed SB-1501 into law, legislation that puts nuclear energy on an equal footing with other non-emitting sources of energy in the state’s electricity marketplace. “Gov. Malloy and the state legislature deserve praise for their decision to support Dominion’s Millstone Power Station and the 1,500 Connecticut residents who work there," said NEI President and CEO Maria Korsnick. "By opening the door to Millstone having equal access to auctions open to other non-emitting sources of electricity, the state will help preserve $1.5 billion in economic activity, grid resiliency and reliability, and clean air that all residents of the state can enjoy," Korsnick said. Millstone Power Station Korsnick continued, "Connecticut is the third state to re-balance its electricity marketplace, joining New York and Illinois, which took their own legislative paths to preserving nuclear power plants in 2016. Now attention should...