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Setting the Value of Nuclear Power

MCLI Recommendation: “FERC, regional transmissions operators, and states should continue and then complete ongoing efforts to fully value the benefits of nuclear power.”

LPDD Recommendation: “State legislatures or utility commissions could impose a nuclear portfolio standard that would co-exist alongside existing RPS or broaden the scope of existing RPS to incorporate all ‘clean’ energy, including nuclear power.”

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12 resources

Example Public Utilities

New York’s ZEC program

Under its Clean Energy Standard, New York established a ZEC program for struggling nuclear plants based on the difference between the social cost of carbon and existing electricity prices. New York’s ...
Example States and State Governments

Ohio’s nuclear subsidies

Ohio’s HB 6 (2019) – among a number of other poor environmental policies – establishes a new monthly electricity surcharge, from 85 cents for residential customers up to $2,400 for industrial customer...
Example States and State Governments

New Jersey’s ZEC program

Bill S-2313 establishes a Zero Emissions Certificate (ZEC) program to maintain New Jersey’s nuclear energy supply. Eligible plants must show that they are at risk of closure within three years. The la...
Resource Executive Branch

FERC’s proposed Grid Resiliency Pricing Rule

The proposed Grid Resiliency Pricing Rule (82 Fed. Reg. at 46940) would have required system operators to develop pricing guidelines for “grid reliability and resiliency resources,” with a focus on pr...
Resource States and State Governments

Report, State Legislation and Regulations Supporting Nuclear Energy

This 2022 report offers a 50-state survey of state activity supporting the development of nuclear energy, highlighting trends in zero-emission credit programs, clean energy standards, carbon pricing m...
Resource Public Utilities

PJM Carbon Study

PJM, an independent system operator in the mid-Atlantic states, has proposed to study the effects of a carbon price on wholesale markets in tandem with the carbon pricing discussion being advanced by ...
Resource States and State Governments

Illinois’ Climate and Equitable Jobs Act

This 900-page energy and climate bill, passed in September 2021, covers a variety of subject areas, listed below: On electricity: The bill raises the renewable portfolio standard to require 40 percent...
Resource States and State Governments

Report, Policy Options for States to Support New Nuclear Energy

This document identifies policy tools already in use or being considered by state decisionmakers to achieve energy, environmental, climate, job creation and energy security goals by supporting the dep...
Example States and State Governments

Illinois’ ZEC program

The Future Energy Jobs Bill (SB 2814) (2016) establishes a ZEC program to compensate nuclear generators for the benefits provided by their emissions-free generation, valued at the Social Cost of Carbo...
Resource States and State Governments

NCSL paper, State Options to Keep Nuclear in the Energy Mix

The National Conference of State Legislatures prepared a 2017 paper, State Options to Keep Nuclear in the Energy Mix, which reviewed a variety of different policy mechanisms to support nuclear power, ...
Resource States and State Governments

IEA’s 2015 edition of Projected Costs of Generating Electricity

Discount rates are an important factor in determining the comparative value of nuclear power. The IEA’s 2015 edition of Projected Costs of Generating Electricity studied 22 countries and found that at...
Example Public Utilities

NYISO carbon pricing proposal

The New York Independent System Operator has released a Carbon Pricing Straw Proposal, which would reflect the cost of carbon emissions in wholesale energy market offers via a “carbon charge.” The Pro...