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Air Quality Implications of a Nuclear Moratorium: An Alternative Analysis

Anthony Bopp, Verne Loose

Year: 1981
Volume: Volume 2
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No3-4
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Abstract:
The role of nuclear power in the nation's energy future is and probably will continue to be one of the principal energy policy issues in the United States. Relatively inexpensive coal reserves and escalating costs of light water reactors have eroded a once-large cost advantage enjoyed by nuclear technologies. While the relative cost advantage of nuclear over coal electric power has become a subject of debate, other less concrete issues have surfaced and often overshadow economic arguments. Antinuclear "forces" generally view the technology as the essence of what they consider wrong with modern technological society. Pronuclear "forces" counter that much fear associated with nuclear power derives from the newness of the technology and that the air quality and possible economic gains associated with nuclear power make it the preferable choice for future electricity generation.



Understanding the Determinants of Electricity Prices and the Impact of the German Nuclear Moratorium in 2011

Stefan Thoenes

Year: 2014
Volume: Volume 35
Number: Number 4
DOI: 10.5547/01956574.35.4.3
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Abstract:
This paper shows how the effect of fuel prices varies with the level of electricity demand. It analyzes the relationship between daily prices of electricity, natural gas and carbon emission allowances with a semiparametric varying smooth coefficient cointegration model. Different electricity generation technologies have distinct fuel price dependencies, which allows estimating the structure of the power plant portfolio by exploiting market prices. The semiparametric model indicates a technology switch from coal to gas at roughly 85% of maximum demand. This model is used to analyze the market impact of the nuclear moratorium by the German Government in March 2011. Futures prices of electricity, natural gas and emission allowances are used to show that the market efficiently accounts for the suspended capacity and correctly expects that several nuclear plants will not be switched on after the moratorium.





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