Carnival of Nuclear Energy 218

The Carnival of Nuclear Energy 218 is up at Yes Vermont Yankee

NEI Nuclear Notes – Higher and Higher: EEI Uncovers The Cost of Electricity in Germany

Ever since Germany decided to phase out nuclear energy in the wake of Fukushima, local activists have been touting the results of the shift, known in German as the “Energiewende.” But what has the cost been to the nation’s economy. NEI’s Mark Flanagan looks at a recent EEI report that’s full of interesting details.

Household electricity prices in Germany have more than doubled, increasing from €0.14/kilowatt hour (kWh) ($0.18) in 2000 to more than €0.29/kWh ($0.38) in 2013.

This outcome has occurred with many of the nuclear plants still operating, so these costs presumably will only go higher after the plants close in 2021. (The cost for household electricity in the U.S. is about $0.13/kWh , for comparison).

The rapid introduction of renewable energy sources has caused in wholesale prices in Germany for baseload to fall dramatically from €90-95/megawatt hour (MWh) in 2008 to €37/MWh in 2013. This has created a large amount of load and margin destruction for utilities that built and financed thermal plants. Many new gas-fired power plants have been rendered uneconomical, leaving owners to shore up their balance sheets by undertaking large divestitures of some of their holdings, as well as by reducing their operational costs.

Wait – shouldn’t household prices go down if wholesale costs decline?

This is being caused by subsidies granted to renewable energy sources and a provision of Germany’s renewable energy law that mandates electric companies buy renewable energy ahead of thermal-powered energy regardless of need.

The Full 86 page report on Germany’s electricity costs is here

Nextbigfuture – Helion’s Fusion Engine

Helion Energy’s Fusion Engine is the only demonstrated fusion energy source capable of producing both on demand and baseload power at low cost and with minimal environmental impact. Employing a patented staged electromagnetic compressor and direct energy conversion, the Fusion Engine efficiently harnesses fusion energy employing fuel derived solely from water. This IAEA award winning and DOE validated prototype generated the required fusion energy output that allows for commercialization of economical fusion by 2019. By removing complex tritium systems and steam turbines, the Fusion Engine can be constructed faster and with reduced capital costs. And unlike current nuclear systems, Helion’s fusion technology is inherently safe and generates only clean byproducts. Helion holds the key to unlock the long sought after promise of endless fusion energy.

They got $5 million from DOE and are raising $35 million. The chief researcher John Slough also has a NASA funded direct fusion propulsion project.

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