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Carbon Pricing Power Markets And The Competitiveness Of Nuclear Power
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Book Synopsis Carbon Pricing, Power Markets and the Competitiveness of Nuclear Power by : OECD
Download or read book Carbon Pricing, Power Markets and the Competitiveness of Nuclear Power written by OECD and published by OECD Publishing. This book was released on 2011-08-02 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses the competitiveness of nuclear power against coal- and gas-fired power generation in liberalised electricity markets with either CO2 trading or carbon taxes.
Book Synopsis Nuclear Power by : International Energy Agency
Download or read book Nuclear Power written by International Energy Agency and published by OECD/IEA. This book was released on 1998 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309371422 Total Pages :341 pages Book Rating :4.3/5 (93 download)
Book Synopsis The Power of Change by : National Academies of Sciences, Engineering, and Medicine
Download or read book The Power of Change written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2016-09-30 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America's advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study's focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.
Book Synopsis Markets for Carbon and Power Pricing in Europe by : Francesco Gullì
Download or read book Markets for Carbon and Power Pricing in Europe written by Francesco Gullì and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether it concerns environmental economics or law and economics, two areas of science in which I feel well at home, publisher Edward Elgar is a front-runner time and again with relevant and solid publications. This time is no exception, with this book edited by Francesco Gullì. Edwin Woerdman, Tijdschrift voor Energierecht Why do power prices seem to be correlated with the carbon price in some markets and not in others? This crucial question is at the centre of Francesco Gullì s enlightening book, through which the contributing authors investigate a number of related issues. In particular, they explore why power firms are not consistent in passing-through into power prices the opportunity cost of carbon. They also examine the relationship between the pass-through mechanism and the structure of the power market. This informative study brings together and interprets original contributions by leading experts from every EU country. Beginning with an overview of the European Union Emissions Trading System (EU ETS) along with an in-depth analysis of the early results and the theoretical issues involved, the book then goes on to explore the main European power markets via a number of empirical case studies. Overall, this volume offers a genuinely comprehensive analysis on the relationship between carbon and power markets and, as such, will prove a valuable contribution to the debate on the EU ETS and to the literature on the interaction between environmental policy and the structure of environmentally regulated markets. Markets for Carbon and Power Pricing in Europe will be of great interest to researchers and academics within general economics, environmental and energy economics. It will also be warmly welcomed by policymakers, regulators and power sector operators.
Book Synopsis Generating Electricity in a Carbon-Constrained World by : Fereidoon Sioshansi
Download or read book Generating Electricity in a Carbon-Constrained World written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2009-10-21 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power sector is what keeps modern economies going, and historically, fossil fuels provided the bulk of the energy need to generate electricity, with coal a dominant player in many parts of the world. Now with growing concerns about global climate change, this historical dependence on fossil-fuels, especially those rich in carbon, are being questioned. Examining the implications of the industry's future in a carbon-constrained world, a distinct reality, is the subject of this book. Containing contributions from renowned scholars and academics from around the world, this book explores the various energy production options available to power companies in a carbon-constrained world. The three part treatment starts with a clear and rigorous exposition of the short term options including Clean Coal and Carbon Capture and Sequestration Technology, Coal, and Emission trading. Renewable energy options such as Nuclear Energy, Wind power, Solar power, Hydro-electric, and Geothermal energy are clearly explained along with their trade-offs and uncertainties inherent in evaluating and choosing different energy options and provides a framework for assessing policy solutions. This is followed by self-contained chapters of case-studies from all over the world. Other topics discussed in the book are Creating markets for tradable permits in the emerging carbon era, Global Action on Climate Change, The Impossibility of Staunching World CO2 Emissions and Energy efficiency. - Clearly explains short term and long term options - Contributions from renowned scholars and academics from around the world - Case-studies from all over the world
Book Synopsis Nuclear Power in the OECD by : John Paffenbarger
Download or read book Nuclear Power in the OECD written by John Paffenbarger and published by OECD/IEA. This book was released on 2001 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive overview explores the policy issues and other factors affecting the future of nuclear power in OECD countries. It provides a wealth of historical and current information of interest to both energy industry professionals and policy makers. Nuclear power has grown steadily since the early 1960s. Today it provides one quarter of OECD electricity supply from 300 GWe capacity. It is an important contributor to OECD energy security. Existing nuclear plants appear ready to meet the challenges of electricity market competition. The industry has experienced sustained improvements in technical and economic performance. A major advantage of nuclear power is that it produces none of the airborne pollutants or carbon dioxide that fossil-fuelled plants do. Nonetheless, nuclear power must cope with many challenges. New nuclear plants face formidable competition from fossil fuel generation, given nuclear power s high capital cost and today s fossil fuel prices. Almost half of OECD countries have placed restrictions on building nuclear power plants. Disposal facilities for high-level wastes are under development, but face technical and political hurdles before they can become operational. Can nuclear power meet these challenges and thrive in future energy markets? Or will its contribution to energy supply ebb in coming years? This book provides a critical assessment of the issues that will shape the answers to these questions.
Book Synopsis Nuclear Asset Shutdown Under Uncertainty by : Geoffrey Haratyk
Download or read book Nuclear Asset Shutdown Under Uncertainty written by Geoffrey Haratyk and published by . This book was released on 2017 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The restructuring of the power sector that began in the 1990s created acute competition for nuclear power plants. While merchant reactors benefited from this change in the early years, recently they started to retire for economic reasons well before the expiration of their operating licenses. This unexpected wave of premature shutdowns has severe implications for energy and climate policy. It invites us to re-assess the viability and role of nuclear in a transitioning energy sector. The thesis first develops two new tools aimed at measuring nuclear competitiveness and informing retirement strategies: (1) a structural model of electricity markets based on supply and demand equilibrium and (2) a long-term asset valuation framework accounting for stochastic price dynamics and flexible retirement options. We employ these tools to analyze the challenges facing nuclear energy in two countries: the United States and Japan. After evaluating the drivers and likelihood of premature retirements, we discuss a range of technological innovations and regulatory options that could help nuclear bring value to future competitive markets. We show that low natural gas prices and stagnant electricity demand have been responsible for the drop in nuclear plant revenue in the United States. We measure that renewable wind and solar PV impact nuclear operations only for penetration levels above 15% and 30% respectively. We also find that spot price volatility, a feature of competitive markets, defers nuclear retirement decisions rather than precipitates them. In this context, nuclear must adapt. Greater operational flexibility can prevent financial losses in areas where renewables are being deployed on a large scale. In the medium-term, heat storage technologies would protect plants' profitability while enabling deep decarbonization of the energy sector. Finally, a few plants may be able to reach niche markets by diversifying their output beyond electricity. We recognize that the carbon-free attributes of nuclear energy are not valued in competitive markets. Yet, even a moderate price on carbon would save most reactors. If not possible, states may adopt nuclear subsidies to meet their policy objectives. As a last resort, the exercise of a new mothballing license could prevent the irreversible loss of nuclear assets.
Book Synopsis Electric Power Technology by : International Energy Agency
Download or read book Electric Power Technology written by International Energy Agency and published by OECD. This book was released on 1999 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will the introduction of electricity market competition affect power generation and transmission technology? Which technologies are most likely to receive a push from competitive markets? These are the questions examined in this review, which considers a wide range of options in both generation and transmission. Competition strengthens the search for the most cost-effective technologies. All electricity generation technologies are affected: those for existing and new plants as well as those for improving capital and operating efficiency. In existing plants, reliability, life extension, operating flexibility and demand-side technology are some of the major factors of change. In new plants, gas turbines are set to continue their growth, but there is still a place for conventional steam and other power plants. New government policies for technology support and environmental protection also have a role in evolving technological choices when competition is introduced.
Book Synopsis Nuclear Power's Future Role in a Decarbonized U.S. Electricity System by :
Download or read book Nuclear Power's Future Role in a Decarbonized U.S. Electricity System written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the potential future role of nuclear energy in a decarbonized U.S. electricity system through a multi-model comparison approach. We employ four state-of-the-art CEMs with native and harmonized input assumptions, layered with different policy and technology trajectories. Comparing outputs across models, technology assumptions, and policy scenarios informs model understanding, interpretation, and development decisions. Under current policies, models differ in their projections for nuclear retirements, but nuclear power plants consistently run with high capacity factors and new builds only occur in scenarios with very low nuclear costs. String power sector carbon policies drive models to align in keeping existing nuclear capacity and employing nuclear plant flexibility, but they may not be enough to bring new nuclear capacity online in the absence of significant cost declines. Therefore, significant economic deployment of new nuclear capacity requires both a stringent electric sector CO2 policy and very low cost assumptions for new nuclear. While these scenarios should not be interpreted as predictions, they are informative for understanding differing model assessments of the relative competitiveness of nuclear energy under a range of policy and technology conditions.
Book Synopsis Nuclear Power and Sustainable Development by : International Atomic Energy Agency
Download or read book Nuclear Power and Sustainable Development written by International Atomic Energy Agency and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming the energy system is at the core of the dedicated sustainable development goal on energy within the new United Nations development agenda. This publication explores the possible contribution of nuclear energy to addressing the issues of sustainable development through a large selection of indicators. It reviews the characteristics of nuclear power in comparison with alternative sources of electricity supply, according to economic, social and environmental pillars of sustainability. The findings summarized in this publication will help the reader to consider, or reconsider, the contribution that can be made by the development and operation of nuclear power plants in contributing to more sustainable energy systems.
Book Synopsis Carbon Pricing in Japan by : Toshi H. Arimura
Download or read book Carbon Pricing in Japan written by Toshi H. Arimura and published by Springer Nature. This book was released on 2020-09-17 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.
Book Synopsis The Competitive Economics of Nuclear and Coal Power by : Richard Hellman
Download or read book The Competitive Economics of Nuclear and Coal Power written by Richard Hellman and published by Lexington Books. This book was released on 1983 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Acting in Time on Energy Policy by : Kelly Sims Gallagher
Download or read book Acting in Time on Energy Policy written by Kelly Sims Gallagher and published by Rowman & Littlefield. This book was released on 2009-12-01 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy policy is on everyone's mind these days. The U.S. presidential campaign focused on energy independence and exploration ("Drill, baby, drill!"), climate change, alternative fuels, even nuclear energy. But there is a serious problem endemic to America's energy challenges. Policymakers tend to do just enough to satisfy political demands but not enough to solve the real problems, and they wait too long to act. The resulting policies are overly reactive, enacted once damage is already done, and they are too often incomplete, incoherent, and ineffectual. Given the gravity of current economic, geopolitical, and environmental concerns, this is more unacceptable than ever. This important volume details this problem, making clear the unfortunate results of such short-sighted thinking, and it proposes measures to overcome this counterproductive tendency. All of the contributors to Acting in Time on Energy Policy are affiliated with Harvard University and rank among America's pre-eminent energy policy analysts. They tackle important questions as they pertain to specific areas of energy policy: Why are these components of energy policy so important? How would "acting in time"—i.e. not waiting until politics demands action—make a difference? What should our policy actually be? We need to get energy policy right this time—Gallagher and her colleagues help lead the way.
Book Synopsis The Portfolio Diversification Value of Nuclear Power in Liberalized Electricity Markets by : Malcolm K. Bean
Download or read book The Portfolio Diversification Value of Nuclear Power in Liberalized Electricity Markets written by Malcolm K. Bean and published by . This book was released on 2012 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The key difference between a regulated and a liberalized electricity market is the establishment of a competitive generation marketplace via spot markets, day-ahead auctions, and over-the-counter trading activity. In a liberalized market, power plants are no longer guaranteed a fixed return on capital investments or the ability to pass on increases in fuel prices to customers directly. Therefore, power generators have had to modify their capital allocation and marketing strategies to resemble that of a typical competitive market participant more closely, balancing expected returns with portfolio risk. Advanced Combined Cycle Gas Turbine (CCGT) power plants are currently viewed as the most attractive generation investment option, offering low capital costs, short construction lead-times and financial optionlike qualities. In contrast, a nuclear power plant's levelized cost is dominated by large fixed costs and capital expenditures. Even the perception of nuclear power as being a hedge against volatile natural gas markets has been called into question by power market Monte Carlo simulations. These simulations indicate that CCGT power plants are actually the generation option with the least exposure to natural gas and electricity price uncertainty because of the intrinsic hedge created by the historically high correlation of natural gas and electricity prices[1, 2]. Nevertheless our simulations, heavily focused on modeling the non-linearity of the power supply curve, indicate that the portfolio diversification value of nuclear power is dependent on the generation composition of the power market. In markets primarily composed of natural gas fired capacity, an investment in nuclear power offers no portfolio diversification value, with all three baseload generation types are effectively long positions in natural gas. Conversely, in markets with a large amount of coal capacity there is a competition for market share between major marginal fuel types, coal and natural gas, which creates less favorable market dynamics for the CCGT. While we still observe a high natural gas-electricity correlation, the intrinsic hedge no longer stabilizes the CCGT profits. Our simulations indicate that in a bi-marginal fuel market a CCGT power plant is short natural gas, with cheaper natural gas helping to boost capacity factors, reduce operational heat rates, and displace coal power plants. Similarly, as currently observed in Northeastern power markets, cheap natural gas has not only shrunk coal power profit margins but also negatively impacted plant capacity factors. Therefore, the portfolio diversification value of nuclear comes from it being insulated from fossil fuel price uncertainty, but not because this attribute equates to a more stable levelized cost. Rather, nuclear power's low cost and low volatility fuel insures that an unfavorable shift in fossil fuel prices will not result in a large decrease in capacity factor and subsequent increase in profit volatility.
Book Synopsis The Price of Nuclear Power by : Colin Sweet
Download or read book The Price of Nuclear Power written by Colin Sweet and published by Heinemann Educational Publishers. This book was released on 1983 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book NEA News written by and published by . This book was released on 2011 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Power Markets and Economics by : Barrie Murray
Download or read book Power Markets and Economics written by Barrie Murray and published by John Wiley & Sons. This book was released on 2009-02-25 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is now almost twenty years since liberalisation and the introduction of competition was proposed for electricity utilities. Some form of restructuring has been widely adopted around the world to suit local objectives. The industry now faces new challenges associated with global warming, rising prices and escalating energy demand from developing countries like China and India. The industry will have to cope with; managing emissions; managing variable energy sources like wind, dev eloping clean coal technology; accommodating distributed generation and new nuclear stations and managing the impact of these developments on the distribution and transmission networks. It is now necessary to consider how the various market structures that were adopted have performed and how they will address some of these new issues and what further changes might be necessary. This volume presents an all-inclusive analysis of the electricity market structures that have been adopted around the world and how they are performing. It provides an up-to-date analysis of the cost of competing technologies, the operation of energy and ancillary service markets and the impact of renewable sources and emission restrictions. It takes a forward look at likely future developments necessary to cope with the new emerging issues. Part One introduces industry infrastructure, analysing state utilities, the motives behind liberalisation and the resulting structures. Part Two considers generation costs, including renewable generation costs, and investigates the cost of restricting emissions as well as transmission and distribution costs. Part Three discusses market operation, describing how costs affect the organisation of power generation. It covers trading arrangements, ancillary services, international trading and investment. Part Four looks to future markets and technological developments that will shape the industry through the next twenty years. This includes the appraisal of investment opportunities for global power companies and implications for market performance. Written by an internationally renowned consultant engineer, this book is full of expert insight and balances fundamental methodology and academic theory with practical information and diverse worked examples. This is an excellent reference on the topic for power system engineers, regulators, banks, investors, and government energy agencies. With its many worked examples, it is also a brilliant tutorial accessible for postgraduates and senior undergraduates in electrical and power engineering.
