Nuclear power finds itself caught between cheaper sources of carbon-emitting energy and heavily subsidized clean power sources like wind and solar.
, according to Bill Gates' book "How to Avoid a Climate Disaster."
"Once a gas plant is built, and pipelines are brought in, those are very likely to run for decades and decades and pump out carbon pollution," he said.According to nuclear advocates, plants constructed decades ago simply cannot compete on an economic basis with other forms of energy in today's U.S. market. Ultra-cheap natural gas drove energy prices down across the board, and nuclear power plants have not been able to cut costs enough to be competitive.
PJM's mix of energy sources has changed over the last 15 years or so, with natural gas increasing to about 40% of the total electricity and renewables increasing slightly to sit at 6%. Over the same time, coal has consistently decreased over time and now stands at 19%.While the composite mix has changed, the wholesale electricity price has largely remained flat over the last 15 years when adjusted for inflation, PJM said.
UNITED STATES - DECEMBER 12: A sign marks the entrance to the Exelon Corp. Braidwood Nuclear Generating Station in Braidwood, Illinois, Tuesday, December 12, 2006. Exelon Corp., the largest U.S. owner of nuclear-fueled power plants, raised its dividend for the first time since 2004 and forecast an increase in 2007 profit as its generation unit sells power at higher prices.
The independent audit did confirm that Exelon was losing money on the plants and recommended a $350 million state subsidy.
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