Select Page Green Living News Headlines SmartRate™ Add-on Pedernales Electric Cooperative Total 100%Capital cost escalationWith relatively few nuclear plants constructed in North America and Western Europe over the past two decades, the amount of information on the costs of building modern nuclear plants is somewhat limited. The shift to Generation III reactors has added further uncertainty. Other non-nuclear generation technologies also show variation, as do major infrastructure projects such as roads and bridges, depending upon where they are built. However, the variation is particularly crucial for electricity generation as its economics depend so much on minimising capital investment cost, which must be passed onto consumers, in contrast to roads, bridges and dams which are usually less complex. Large infrastructure projects of all kinds tend to be over budget and late in most parts of the world, according to research by the University of Lincoln (UK) and the European Union's Megaproject.The OECD Nuclear Energy Agency’s (NEA's) calculation of the overnight cost for a nuclear power plant built in the OECD rose from about $1900/kWe at the end of the 1990s to $3850/kWe in 2009. In the 2015 report Projected Costs of Generating Electricity, the overnight costs ranged from $2021/kWe in South Korea to $6215/kWe in Hungary. For China, two comparable figures were $1807/kWe and $2615/kWe. LCOE figures at a 3% discount rate range from $29/MWh in Korea to $64/MWh in the UK, at a 7% discount rate from $40/MWh (Korea) to $101/MWh (UK), and at a 10% rate $51/MWh (Korea) to $136/MWh (UK).The 2015 NEA report makes the important point regarding LCOE: “At a 3% discount rate, nuclear is the lowest cost option for all countries. However, consistent with the fact that nuclear technologies are capital intensive relative to natural gas or coal, the cost of nuclear rises relatively quickly as the discount rate is raised. As a result, at a 7% discount rate the median value of nuclear is close to the median value for coal [but lower than the gas in CCGTs], and at a 10% discount rate the median value for nuclear is higher than that of either CCGTs or coal. These results include a carbon cost of $30/tonne, as well as regional variations in assumed fuel costs.”The US Energy Information Administration (EIA) calculated that, in constant 2002 values, the realized overnight cost of a nuclear power plant built in the USA grew from $1500/kWe in the early 1960s to $4000/kWe in the mid-1970s. The EIA cited increased regulatory requirements (including design changes that required plants to be backfitted with modified equipment), licensing problems, project management problems and mis-estimation of costs and demand as the factors contributing to the increase during the 1970s. Its November 2016 report, Capital Cost Estimates for Utility Scale Electricity Generation Plants, gave an estimate for a new nuclear plant of $5945/kW (overnight cost).There are also significant variations in capital costs by country, particularly between the emerging industrial economies of East Asia and the mature markets of Europe and North America. Variations have a variety of explanations, including: differential labour costs; more experience in the recent building of reactors; economies of scale from building multiple units; and streamlined licensing and project management within large civil engineering projects.The French national audit body, the Cour des Comptes, said in 2012 that the overnight capital costs of building nuclear power plants increased over time from €1070/kWe (at 2010 prices) when the first of the 58 currently operating PWRs was built at Fessenheim (commissioned in 1978) to €2060/kWe when Chooz 1&2 were built in 2000, and to a projected €3700/kWe for the Flamanville EPR. It can be argued that much of this escalation relates to the smaller magnitude of the programme by 2000 (compared with when the French were commissioning 4-6 new PWRs per year in the 1980s) and the resultant failure to achieve series economies. The French programme also arguably shows that industrial organization and standardization of a series of reactors allowed construction costs, construction time and operating and maintenance costs to be brought under control. The total overnight investment cost of the French PWR programme amounted to less than €85 billion at 2010 prices. When divided by the total installed capacity (63 GW), the average overnight cost is €1335/kW. This is much in line with the costs that were then provided by the manufacturers.In several countries, notably the UK, there is a trend towards greater vendor involvement in financing projects, but with an intention to relinquish equity once the plant is running.A presentation by Dr N.Barkatullah, UAE Regulation & Supervision, at the World Nuclear Association’s 2014 Symposium showed the risk in construction costs (per kilowatt of capacity), much of it due to financing cost incurred as a result of delays:The same presentation showed the following ranges of figures for overnight capital cost in different parts of the world:The IEA-NEA Nuclear Energy Roadmap 2015 estimates China’s average overnight costs of approximately $3,500/kW are more than a third less than that in the EU of $5,500/kW. Costs in the US are about 10% lower than the EU, but still 30% higher than in China and India, and 25% above South Korea. In its main scenario, 2050 assumptions for overnight costs of nuclear in the United States and European Union are estimated to decline somewhat, reaching levels closer to those in the Republic of Korea, while costs in Asia are assumed to remain flat.In China it is estimated that building two identical 1000 MWe reactors on a site can result in a 15% reduction in the cost per kW compared with that of a single reactor.A 2016 study by The Breakthrough Institute on Historical construction costs of global nuclear power reactors presented new data for overnight nuclear construction costs across seven countries. Some conclusions emerged that are in contrast to past literature. While several countries, notably the USA, show increasing costs over time, other countries show more stable costs in the longer term, and cost declines over specific periods in their technological history. One country, South Korea, experiences sustained construction cost reductions throughout its nuclear power experience. The variations in trends show that the pioneering experiences of the USA or even France are not necessarily the best or most relevant examples of nuclear cost history. These results showed that there is no single or intrinsic learning rate expected for nuclear power technology, nor any expected cost trend. How costs evolve appears to be dependent on several different factors. The large variation in cost trends and across different countries – even with similar nuclear reactor technologies – suggests that cost drivers other than learning-by-doing have dominated the experience of nuclear power construction and its costs. Factors such as utility structure, reactor size, regulatory regime, and international collaboration may have a larger effect. Therefore, drawing any strong conclusions about future nuclear power costs based on one country's experience – especially the US experience in the 1970s and 1980s – would be ill-advised.Plant operating costsOperating costs include the cost of fuel and of operation and maintenance (O&M). Fuel cost figures include used fuel management and final waste disposal.Low fuel costs have from the outset given nuclear energy an advantage compared with coal and gas-fired plants. Uranium, however, has to be processed, enriched and fabricated into fuel elements, accounting for about half of the total fuel cost. In the assessment of the economics of nuclear power, allowances must also be made for the management of radioactive used fuel and the ultimate disposal of this used fuel or the wastes separated from it. But even with these included, the total fuel costs of a nuclear power plant in the OECD are typically about one-third to one-half of those for a coal-fired plant and between one-quarter and one-fifth of those for a gas combined-cycle plant. The US Nuclear Energy Institute suggests that the cost of fuel for a coal-fired plant is 78% of total costs, for a gas-fired plant the figure is 87%, and for nuclear the uranium is about 14% (or 34% if all front end and waste management costs are included).Front end fuel cycle costs of 1 kg of uranium as UO2 fuel Publications Recent Blogs Search for Consumer Complaints Nation iPhone Plans & Prices Frontier Utilities - Fantastic 24 Green+ 24 months 10.6¢ / kWh Fixed Rate Tariffs Like us on Facebook Direct Energy - Free Power Weekends 12 12 months 10.9¢ / kWh Tools & Calculators Vanessa, Auckland We'll show you how to pick the best Texas electricity company and plan for you from a sea of similar options. 76040 Winter Fuel Payment According to various studies, the cost for wind and solar has dramatically reduced since 2006. For example, the Australian Climate Council states that over the 5 years between 2009–2014 solar costs fell by 75% making them comparable to coal, and are expected to continue dropping over the next 5 years by another 45% from 2014 prices.[38] They also found that wind has been cheaper than coal since 2013, and that coal and gas will become less viable as subsidies are withdrawn and there is the expectation that they will eventually have to pay the costs of pollution.[38] Want to stay plugged in? Join our Facebook group. Search for "Dallas News Watchdog Posse." Using four ZIP codes from across Texas, we analyzed all the plans we could find from five Texas energy providers: Direct Energy, Just Energy, Reliant Energy, StarTex Power, and TXU Energy. Fixed-rate plans: Fixed-rate plans give customers more stability for their monthly energy bills because the rate a customer signs up with is the rate he or she pays for the length of the plan’s contract. Most fluctuation comes with usage, though transmission and delivery charges and local fees also can change.. Because a fixed-rate plan sometimes spans two-three years, these plans often require a customer credit check and can include early cancellation fees. Fixed-rate plans, because of the continuing market volatility, probably are the best choice for many consumers. Appliances Teachers' Lounge No. It doesn’t endorse any power deal. UPDATED: Cheapest electricity on the planet is Mexican (actually) wind power at 1.77¢/kWh Northwest Hikes READY TO SAVE MONEY & EASILY FIND YOUR Public education Explore Bundles Maine Maryland Massachusetts All wind resources Zip Codes in Houston Crypto mining is not a preserve for those who have been in the financial sector only. The entertainment giant DMM also set up its mining operation in Kanazawa. With a 500 sq meters rig and a showroom, the firm intends to expand overseas in the near future. DMM mines several profitable coins.  Among them are Litecoin, Bitcoin and Ethereum. Elections Historic version offers low introductory offers. When the offer ends, rates can soar!, the logo, and "May the best rate win" are registered trademarks Open Reporting: Inside Education Peaker Replacement Flow Battery 248 927 Trezor vs. Ledger Review: Which is the Best Cryptocurrency Hardware Wallet? Despite the retirement of three big coal plants in early 2018, ERCOT said it expects to have sufficient operational tools to manage tight reserves and maintain system reliability this summer. Natural Gas-fired Advanced Combined Cycle 51.6 53.8 81.7 Danville Utilities Manuals Better Budgeting User ID: Find Available Plans Recommended For You 'Peppermint' Turns Out to Be a Stale Flavor in Jennifer Garner's Vigilante Vehicle Shopping for cheap electricity Type Year 2013 (Nominal $$) ($/MWh) Year 2024( Nominal $$) ($/MWh) Current Alerts Bucolic Plattsburgh, New York, 20 miles from the Canadian border. It sure doesn't look like ground zero for a gold rush. © We Energies June 2018 data, the latest available, show that the average U.S. price – 13.02 cents per kilowatt hour (kWh) – was down 1.4% compared with a year ago. If you live in Louisiana, you pay the lowest average residential electricity rates of any state in the country – 9.37 cents per kWh. The next lowest rate is in Washington, where residents pay an average of 9.79 cents per kWh. Barbecue New York Like an ‘Abusive, Controlling Ex’: Kraken CEO Jesse Powell Bluebird (22") Flail Reel Kit For Dethatcher (Scratch & Dent) Learn more about A/C bundle plans offered in your area Electric Generation Supplier Application and Resources - EGS Application package, as well as templates for other EGS filings. Supply Rate Type Report & view electric outages Sweeping away trade barriers, the trilateral NAFTA agreement has forged more stability and greater investment among the North American partners. The massive  benefits are undeniable: U.S.-Mexico Trade Facts U.S. goods and services trade with Mexico totaled an estimated $616.6 billion in 2017. Exports were $276.2 billion; imports were $340.3 billion.  And "trade with Canada and Mexico supports 14 million American jobs." No one wants to pay more for power than they need to, but if you’re not a savvy energy shopper, that’s exactly what could happen to you. To find the best deal on electricity, you need to understand how pricing works and what to look for from an energy provider, including the discounts they offer. Sounds like a lot of hard work, doesn’t it? Well, Canstar Blue aims to make sense of the complicated and has produced a cost comparison for electricity retailers in Melbourne, showing their cheapest offers and what you can expect to pay. No gimmicks – just helpful, real costs that show where you can find a better deal. Nights Discount: You will receive a 100% Discount on all Energy Charges and TDU Delivery Charges per kWh during the Nights hours. Get Unlimited Digital Access Your first month is less than a dollar. $0.99 for first 4 weeks SUBSCRIBE NOW $50 The PUC’s mission is to protect customers, foster competition, and promote high-quality infrastructure. In addition to regulating the states electric utilities and implementing legislation, the PUC offers Texas residents assistance in resolving consumer complaints.  If you have a complaint with your electricity company you can go to the official PUC website and file an informal complaint. Renting? Cordless Angle Grinders Global Warming This Sleek Jericho Home Is Country-Quiet World Sep 18 Saver's Choice 12 Housing & Energy Grants Other Residential: 855-465-1244 REPs sell electricity rates to Houston energy consumers, but transmission and distribution service providers (TDSPs) deliver the supply of electricity. In Houston, CenterPoint Energy serves as the area's TDSP and works with about 85 REPs. If your power goes out, immediately report the issue to CenterPoint Energy, not your REP. Use the following phone numbers to get in touch with your Houston TDSP. Learn more about AEP’s view. Ward thought carefully about what electrical appliances he needs to run at his new home. It's important to do this before planning and purchasing your power system! He's a bachelor, but still wanted enough 'stuff' for a comfortable lifestyle. Here's what he came up with for essential items: We report on vital issues from politics to education, as well as being the indispensable authority on the Texas scene, covering everything from music to cultural events with insightful recommendations. © 2018 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Obituary Quick Links Already a customer? Log In Understanding Fees Auto Parts (1) £978 Average gas and electricity prices (p/kWh) Marcus joins from the BBC, where he’s most recently been working on digital strategy for the Director General’s office Steve H. We have 31 more plans available in 77494. Terms of service Check Power Outages Sacramento Municipal Utility District Mailme With headquarters in Austin, TEC employs nearly 200 dedicated men and women in offices across Texas. Jeremy Seekings Hybrid Modular, Single Rail How to Fix Problems with Your Internet Connection 4:03 3 great ‘apps’ with free trials The average home in the U.S. consumes 897 kilowatt hours (kWh) of electricity per month. Bills vary by state and region, as cost per kWh differs. To estimate average energy bills, multiply the average home’s electricity usage (897 kWh) by the cost per kWh in your state for that month. For example, the average cost per kWh in May for North Carolina homes was 11.24 cents, which amounts to an average bill of about $100.82 (10.87 cents x 897 kWh) that month. Cheapest plans (by options) How to switch broadband trademarks of Spark Energy. View our Terms of Use 7 DTE Energy MI Investor owned DTE 2,142,829 41,923,906 4,705,304.0 11.22 Borough of Quakertown Electric Department Price Protection 24 About Houston Chronicle Plugged In Says Farewell Graphics & Displays Green Mountain Energy Below are the Unsubsidized LCOSs for different battery technologies "Front of the Meter" (FTM) applications.[72] tags: costsgenerationrenewableswind I've lost count of how many friends, family and coworkers I've recommended your company to.  Problem #2: Texas Summer Electricity Demand Barbecue Vigilantly reading every term on a sheet of paper before you sign it will prevent you from falling victim to hidden fees, penalties, and usage minimums or limits. 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View your predicted energy use based on weather data from tags: generationhydroelectricrenewableswind Ustream Sign up to receive more news like this straight to your inbox Customer Support: 214-550-0844 Find a great new tariff and complete the process online or through our advisors, and we’ll do the rest. 3 Florida Power & Light FL Investor owned NEE 4,708,793 104,431,096 10,526,025.0 10.08 Business Development Resources -61.38% $0.0025 California 19.90¢ / kWh 19.39¢ / kWh UP 2.630 % The difference between then and now is that those requests were for considerably smaller blocks of power; Chelan PUD’s new rate scheme covered operations of up to five megawatts. “We were focused on the small guys,” Wright says. “Now we’re dealing with big operations.” In Chicago, Insull took over a power station, one of about 20 that served just 5000 customers in a city of a million people. Electricity was a high-cost luxury. It was also a risky business venture, since the product is manufactured, transported, distributed, and consumed all at the same moment, and can't be stored. Risking a personal loan of $250,000, Insull bought out his competition, then built the largest power plant in the world, the Harrison Street Station. To keep it running, Insull sold electricity to anyone he could. He saw that he could charge different prices to customers who used power at different times. By seeking those who would use electricity outside of the most popular evening hours, he could build a larger user base, and price the utility low enough for small businesses and households to afford it. Insull increased demand by wiring homes cheaply, giving away electric appliances, and cutting rates further. His businesses blossomed. By the end of the 1920s, Insull's utilities served more than four million customers in 32 states, and were valued at nearly $3 billion. 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