NewEnergyNews: TODAY’S STUDY: Is Nuclear Power Needed To Stop Climate Change?

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YESTERDAY

  • ORIGINAL REPORTING: Mixed-ownership models spur utility investment in microgrids
  • ORIGINAL REPORTING: How the wind industry can continue its boom into the 2020s
  • ORIGINAL REPORTING: Rhode Island targets a common perspective on DER values
  • THE DAY BEFORE

  • TODAY’S STUDY: The Way To Grow EVs
  • QUICK NEWS, April 25: Private Sector Takes Over The Climate Fight; How Sea Level Rise Would Change The Map; Wind Jobs Top 100,000 As Wind Energy Booms
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: The Risk Of Natural Gas Vs. The Risk Of Wind
  • QUICK NEWS, April 24: The Health Impacts Of Climate Change; New Energy Is Everywhere; Study Shows LA Does Not Need Aliso Canyon
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  • Weekend Video: How To Win Friends For New Energy
  • Weekend Video: The Electric Vehicle Highway
  • Weekend Video: Wind And The Economy
  • AND THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-A Deeper Look At The Heat
  • FRIDAY WORLD HEADLINE-Wind Gets Market Tough
  • FRIDAY WORLD HEADLINE-UK Gets Utility-Led Solar Plus Storage
  • FRIDAY WORLD HEADLINE-Germany’s VW Talking Its EV To China
  • THE LAST DAY UP HERE

    THINGS-TO-THINK-ABOUT THURSDAY, April 20:

  • TTTA Thursday-U.S. Military Affirms Climate Change-War Link
  • TTTA Thursday-Solar Plus Hydro Drive Wholesale Power Cost Sub-Zero
  • TTTA Thursday-Wind Boom Goes On Growing Midwest Wealth
  • TTTA Thursday-More Kentucky Jobs In New Energy Than In Coal
  • --------------------------

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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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  • THINGS-TO-THINK-ABOUT THURSDAY, April 27:

  • Inside The White House Fight On Climate
  • New Energy Is The Jobs Engine
  • Wind Industry Boom Getting Bigger
  • Funding Better Transportation

    Monday, November 14, 2016

    TODAY’S STUDY: Is Nuclear Power Needed To Stop Climate Change?

    Nukes in the Crosshairs Revisited: The Market and Emissions Impacts of Retirements

    Whitney Herndon and John Larsen, November 4, 2016 (Rhodium Group)

    Low natural gas prices, weak electricity demand growth and the rapid expansion of renewables have reduced power sector CO2 emissions to their lowest level in more than a quarter century. These same factors, however, are now also putting the nation’s largest source of zero-carbon electricity, nuclear power, at risk. We examine electric power markets and CO2 emissions consequences of potential nuclear plant retirements and find that:

    Nuclear under pressure: Five nuclear power plants have retired over the past five years and a number of other plants are at risk. We estimate that an additional 24 gigawatts (GW) of existing nuclear capacity nation-wide could close between now and 2030 unless additional policy action is taken, both in competitive and regulated markets.

    Electricity market impact: Lost generation from recently retired nuclear power plants has been replaced primarily with fossil fuels. We expect that to be the case for future retirements as well. The exact impact depends on the fate of the Clean Power Plan (CPP) in court and the design of state implementation plans (SIPS) if the CPP is upheld. Regardless of regulatory scenario, we estimate that over 75% of the lost generation from at-risk nukes would be replaced by fossil generation, largely from natural gas combined cycle (NGCC) power plants.

    Emissions consequences: Power sector CO2 emissions increase in all scenarios if at-risk nuclear power plants retire. In the best-case scenario, where the CPP is upheld and states cover both new and existing fossil sources in their implementation plans, emissions increase by 38 million tons in 2020, declining to 6 million tons in 2030, relative to a scenario where at-risk nukes remain online. If states only cover existing sources in their implementation plans, however, nuclear retirements could erode 34% of the emissions reduction benefit of the CPP. If the CPP is struck down in the courts, nuclear retirements could double the pace of power sector emissions growth between now and 2030.

    Nuclear Under Pressure

    This year, power sector CO2 emissions are at their lowest level since 1988. Weak power demand growth has limited the need for new generation and cheap natural gas and rapid growth in renewable energy have reduced coal’s market share (Figure 1). In competitive markets, these trends have reduced wholesale power prices, curbing output from existing coal-fired power plants and putting new coal-fired power plants out of the money. But low wholesale prices are now also threatening the commercial viability of many nuclear power plants as well.

    Last Monday the Fort Calhoun Nuclear Generating Station closed, the fifth nuclear plant to retire within as many years. Retrospective analysis from the Energy Information Administration (EIA) shows the lost zero-carbon generation from the last four retirements has been replaced primarily with coal and natural gas. This suggests that current wholesale price dynamics could begin to undercut recent emission reduction gains. Recognizing this risk, some states have begun looking at local strategies for ensuring the climate benefit of existing nuclear plants is somehow reflected in the market, like the recently adopted ZEC program in New York.

    Nation-wide we estimate that roughly one-half of the nation’s nuclear plants located in competitive markets are at risk of early retirement. The economics of nuclear plants in regulated regions are also being drawn into question as well. In total, we estimate an additional 24 GW of nuclear generating capacity could close across the country between now and 2030 unless additional policy steps are taken (Figure 2).

    The electricity market and emissions implications if these at-risk plants retire will be shaped in large part by what happens to the Clean Power Plan (CPP), which is currently stayed by the Supreme Court. We modeled three potential regulatory scenarios using RHG-NEMS, a version of the EIA’s National Energy Modeling System maintained by RHG. We started by assessing the impact in a scenario where the CPP is upheld in the courts and State Implementation Plans (SIPS) cover both new and existing fossil fuel generation. We then assessed the impact if the CPP is upheld but SIPS cover existing fossil generation only (which they are allowed to do under the rule).[1] Finally we modeled the impact of at-risk nuke retirements if the CPP is struck down by the courts.

    Electricity Market Impacts

    Across all three scenarios, the lost generation from retired nuclear plants is replaced primarily with fossil generation – though the extent and nature varies depending on what happens to the CPP. If the CPP is upheld and states choose to cover both new and existing sources, nuclear retirements are mainly replaced by natural gas once SIPS take effect in 2022 (Figure 3). Renewables make up the difference, and there is a modest decline in coal generation relative to a scenario where at-risk nukes remain online – with total power sector emissions capped by the CPP, the growth in natural gas generation needs to be offset by a decline in coal.

    If states choose to only cover existing sources in their implementation plans, natural gas continues to make up for the majority of lost nuclear generation. But there is almost no additional renewables deployment, with coal filling the rest of the generation gap that nuclear closures leave behind. Without an emission constraint on new sources of generation, fossil has a leg up on renewables in replacing lost nuclear generation.

    Likewise, without the CPP lost nuclear generation is mostly replaced by fossil power with only a small increase in renewable generation.

    Emissions Consequences

    Because lost nuclear generation is replaced primarily with fossil generation, power sector CO2 emissions increase across all three scenarios when at-risk nuclear plants retire. The smallest marginal emissions impact occurs in a scenario where the CPP is upheld and both new and existing fossil sources are covered in state implementation plans. In this scenario, power sector emissions are 38 million tons higher in 2020, 22 million tons higher in 2025 and 6 million tons higher in 2030 than in a scenario where all at-risk nukes remain online. That’s because wider scope of CPP coverage limits the amount of new fossil generation when at-risk nukes retire.

    In contrast, if states only cover existing fossil sources in their implementation plans, at-risk nuke retirements raise power-sector emissions by 58 million tons in 2020, 49 million tons in 2025 and 55 million tons in 2030 relative to a scenario where these plants remained online. The effectiveness of the CPP in reducing power sector emissions between 2022 and 2030 is reduced by 34%.

    If the CPP is struck down in the courts but at-risk nukes remain online, we expect power sector emissions to decline by 38 million tons relative to 2015 levels by 2020 but then start to rise. If at-risk nukes retire, power sector emissions remain at 2015 levels in 2020 and grow more than twice as fast between 2020 and 2030 than they would otherwise.

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