Expert Advice

Nuclear Economics Consulting Group (NECG) provides advice on economic and business issues facing nuclear power projects, with a focus on the interaction between nuclear power and the electricity industry.

Insightful analyses of nuclear project economics are needed to:

• Evaluate new nuclear project business models and financing approaches
• Structure nuclear projects, PPAs and related arrangements
• Support positions in nuclear industry legal and regulatory disputes
• Review government and regulator decisions about nuclear power projects
• Develop and implement effective nuclear industry strategies

NECG Capabilities

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#11 – Nuclear power in summer

#11 - Nuclear power in summer

Hot weather and a more relaxed approach, including this Commentary – 17 interesting things about nuclear power, with pictures.     1.  Sendai restart! Earlier this week (on 11 August 2015), the Sendai 1 nuclear power reactor was restarted and will be the first Japanese reactor to […]

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#10 – U.S. government role in merchant nuclear

#10 - U.S. government role in merchant nuclear

Merchant nuclear projects, created by U.S. electricity industry reform, sell power into electricity markets. Two merchant nuclear projects closed early (and permanently) in 2013 due to financial losses and others may retire early because of losses. Should the U.S. government to take action to prevent the early […]

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#9 – Nuclear Surrender?

#9 - Nuclear Surrender?

A WSJ editorial, Rethinking the U.S. Surrender on Nuclear Power[1], suggests that the U.S. and other Western democracies have surrendered the nuclear power industry to Russia and China because of our approach to nuclear safety regulation. The editorial ignores other important factors leading to the difference in […]

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#8 Death of nuclear power – a foolish prediction

#8 Death of nuclear power – a foolish prediction

Motley Fool published an article, Did Exelon Corporation Just Quietly Admit That Nuclear Power Is Dead? [1] on 21 April 2015. The clickbait headline was followed by a shallow and flawed analysis of an Exelon gas turbine purchase and by a foolish recommendation that Exelon replace its […]

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#7 – Turkish Viewpoint

#7 - Turkish Viewpoint

This Commentary is a guest post by Tom O’Sullivan of Mathyos in Tokyo. Tom attended a lunch meeting at the Foreign Correspondents’ Club of Japan (FCCJ) on 2 April 2015, where His Excellency, Ahmet Bülent Meriç, the Turkish Ambassador to Japan, spoke on “The Current Dynamics in […]

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#6 – U.S. state action on revenue certainty

#6 - U.S. state action on revenue certainty

Several U.S. states are moving to help merchant nuclear plants gain increased revenue certainty to prevent early retirement. Actions in four states, New York, Iowa, Ohio, and Illinois are discussed in this Commentary. My 4 February 2015 WNN editorial (“Can nuclear succeed in liberalized power markets?”) explained […]

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#5 – Revenue Certainty

#5 - Revenue Certainty

Nuclear power investments require an adequate, certain, and long-term source of revenue. In the past, revenue certainty came from traditional government/regulated electricity models. In liberalized electricity markets, other approaches for revenue certainty are required. My 4 February 2015 WNN editorial was about the uncertain revenue in liberalized […]

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#4 – Nuclear Lessons from Vermont Yankee Closure

#4 - Nuclear Lessons from Vermont Yankee Closure

The Vermont Yankee nuclear power station closed permanently on 29 Dec 2014. The closure of this well-maintained nuclear power plant with decades of remaining life was entirely due to the difficult economics of operating in a U.S. electricity market. The U.S. experience with nuclear power plants in […]

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#3 – Nuclear Base Load

#3 - Nuclear Base Load

Nuclear power plants are base load generators – due to economics. NECG Commentary #3 explains base load generation, the economic reasons that nuclear power plants operate in base load mode, and the capability of nuclear power plants to operate flexibly. Base Load The electricity industry dispatches power […]

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#2 – Nuclear Power & Short-Run Marginal Cost

#2 - Nuclear Power & Short-Run Marginal Cost

Short-Run Marginal Cost (SRMC) is an important factor in electricity markets. Bids into these markets are based on the SRMC of generators participating in the market. Bids are accepted, starting with the lowest bids, until bids accepted equal demand. All bidders are paid the System Marginal Price […]

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