Energy mix with the vulnerability of nuclear power utilization

Significance The UN summit will follow Prime Minister Scott Morrison’s refusal to reduce Australia’s fossil fuels reliance during talks with Pacific leaders in Tuvalu this month. Impacts Australian domestic concerns will dictate emission policies, even at the risk of harming Pacific relations. Renewables will dominate the long-term electricity fuel mix, but coal is still needed to maintain output. Australian public opposition will hinder potential investment in nuclear power.

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INVESTIGATING COST-EFFECTIVE POLICY INCENTIVES FOR RENEWABLE ENERGY IN JAPAN: A RECURSIVE CGE APPROACH FOR AN OPTIMAL ENERGY MIX

The Singapore Economic Review ◽

10.1142/s0217590820430067 ◽

2020 ◽

pp. 1-22

Author(s):

MICHAEL C. HUANG ◽

CHUL JU KIM

Keyword(s):

Renewable Energy ◽

Nuclear Power ◽

Cost Effective ◽

Power Dependence ◽

Energy Mix ◽

Optimal Energy ◽

Effective Policy ◽

Policy Promotion ◽

Fukushima Nuclear Disaster ◽

Policy Incentives

The Great East Japan Earthquake (GEJE) and Fukushima nuclear disaster that occurred in 2011 gave a sharp reminder to Japan’s energy security to reconsider the reduction of nuclear power dependence with a better energy mix. We use a recursive CGE model based on Japan’s renewable energy input–output model to analyze the energy composite of power generation and consumption to investigate cost-effective policy incentives to achieve an optimal energy mix to reduce the nuclear power dependence to less than 5% within 10 years. Moreover, we create scenarios of: (1) nuclear power decommission, (2) renewable energy promotion and (3) virtual power plant (VPP) implementation with public R&D expenditure and power infrastructure investment. The simulation results show that renewable energy could gradually replace nuclear power with capital-use subsidies. Under the direction of nuclear power decommission, the VPP installation could reduce the fiscal cost of wind power by 13%, solar energy by 8% and the social cost by 36%. We provide empirical evidence that the implementation of VPP should be promoted in addition to the renewable policy promotion policy to facilitate power allocation and overcapacity problems better.

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Prospect of Nuclear Power Today as Part of Ghana Energy Mix and Socio-Economic Development

Environmental Research Engineering and Management ◽

10.5755/j01.erem.60.2.1109 ◽

2012 ◽

Vol 60 (2) ◽

Cited By ~ 2

Author(s):

Sylvester Attakorah Birikorang ◽

J.K. Gbadago ◽

E.H.K. Akaho ◽

B.J.B. Nyarko ◽

E. Ampomah-Amoako ◽

...

Keyword(s):

Economic Development ◽

Nuclear Power ◽

Energy Mix ◽

Socio Economic Development

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The Environmental, Economic and Social Performance of Nuclear Technology in Australia

Journal of Nuclear Engineering and Radiation Science ◽

10.1115/1.4049758 ◽

2021 ◽

Author(s):

Troy B Malatesta

Keyword(s):

Nuclear Power ◽

Fossil Fuels ◽

Social Performance ◽

Nuclear Industry ◽

Environmental Benefits ◽

Low Carbon ◽

Levelized Cost Of Electricity ◽

Energy Mix ◽

Negative Perceptions ◽

Reduce Emissions

Abstract The prominence of climate change is surging with Australia feeling the impacts of hotter and dryer climates. With 2030 approaching, Australia's promise to reduce emissions is seeming harder to achieve with their energy mix being dominated by fossil fuels. The development of SMR technology in the nuclear industry offers a possible solution for Australia to shift away from coal and gas energy sources and invest in low carbon nuclear technologies. SMR technology is suitable for the Australian context due to the number of remote locations, the size of the mining and processing industries and the minimal nuclear experience Australia has. This study aimed to quantify the environmental benefits of Australia incorporating nuclear power in their energy mix and to calculate the levelized cost of electricity of constructing a 684 MWe nuclear plant using the NuScale Module. Additionally, a survey was created to provide an insight into the Australian perception of energy generation and nuclear power. The responses showed the Australian attitudes towards nuclear power and the misconceptions that are resulting in negative perceptions and attitudes.

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Spillover Volatility Between Fuel Mix and Electricity Prices

Recent Advances and Applications in Alternative Investments - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-2436-7.ch008 ◽

2020 ◽

pp. 157-188

Author(s):

Konstantinos Kakouris ◽

Dimitrios Psychoyios

Keyword(s):

Nuclear Power ◽

Supply And Demand ◽

Spillover Effect ◽

Vital Role ◽

Electricity Price ◽

Electricity Prices ◽

Energy Mix ◽

Potential Relationship ◽

The Stability

Regulators were the only institution who set the electricity prices, including costs of transmission, distribution, and generation. Nowadays, this has changed. Electricity prices are determined by the fundamental economic rule of supply and demand. The forthcoming work examines a potential relationship between electricity price and fuel mix. The authors use the Nordic System's electricity prices and generation. They conclude that hydropower and nuclear power plays a vital role in the futures energy mix and in the stability of electricity prices. A spillover effect is detected between electricity prices and fuel mix, but a need for further research is recommended.

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