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

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

Why America Needs the MOX Facility

If Isaiah had been a nuclear engineer, he’d have loved this project. And the Trump Administration should too, despite the proposal to eliminate it in the FY 2018 budget.

The project is a massive factory near Aiken, S.C., that will take plutonium from the government’s arsenal and turn it into fuel for civilian power reactors. The plutonium, made by the United States during the Cold War in a competition with the Soviet Union, is now surplus, and the United States and the Russian Federation jointly agreed to reduce their stocks, to reduce the chance of its use in weapons. Over two thousand construction workers, technicians and engineers are at work to enable the transformation.

Carrying Isaiah’s “swords into plowshares” vision into the nuclear field did not originate with plutonium. In 1993, the United States and Russia began a 20-year program to take weapons-grade uranium out of the Russian inventory, dilute it to levels appropriate for civilian power plants, and then use it to produce…

Nuclear Is a Long-Term Investment for Ohio that Will Pay Big

With 50 different state legislative calendars, more than half of them adjourn by June, and those still in session throughout the year usually take a recess in the summer. So springtime is prime time for state legislative activity. In the next few weeks, legislatures are hosting hearings and calling for votes on bills that have been battered back and forth in the capital halls.

On Tuesday, The Ohio Public Utilities Committee hosted its third round of hearings on the Zero Emissions Nuclear Resources Program, House Bill 178, and NEI’s Maria Korsnick testified before a jam-packed room of legislators.


Washingtonians parachuting into state debates can be a tricky platform, but in this case, Maria’s remarks provided national perspective that put the Ohio conundrum into context. At the heart of this debate is the impact nuclear plants have on local jobs and the local economy, and that nuclear assets should be viewed as “long-term investments” for the state. Of course, clean air and electrons …