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Title: Electricity Market Module: Electricity finance and pricing submodule

Abstract

The purpose of this report is to document the updates to the Electricity Financial Pricing Module (EFP) to reflect the rate impacts of nuclear decommissioning. The EFP is part of the National Energy Modeling System (NEMS). The updates to the EFP related to nuclear decommissioning include both changes to the underlying data base and the methodology. Nuclear decommissioning refers to the activities performed to take a nuclear plant permanently out of service. The costs of nuclear decommissioning are substantial and uncertain. The recovery of these costs from ratepayers is to occur over the operating life of the nuclear plant. Utilities are obligated to make estimates of the nuclear decommissioning cost every few years. Given this estimate, utilities are to assess a charge upon ratepayers, such that over the operating life of the plant they collect sufficient funds to pay for the decommissioning. However, cost estimates for decommissioning have been increasing and it appears that utilities have not been collecting adequate funds to date. In addition, there is a real risk that many nuclear plants may be closed earlier than originally planned, further exacerbating the under collection problem. The updates performed in this project provide the EFP with the capability tomore » analyze these issues. The remainder of this document is divided into two discussions: (1) Nuclear Decommissioning Data Base, and (2) Methodology. Appendix A contains the actual data base developed during the project.« less

Publication Date:
Research Org.:
USDOE Energy Information Administration, Washington, DC (United States). Office of Integrated Analysis and Forecasting
Sponsoring Org.:
USDOE, Washington, DC (United States)
OSTI Identifier:
245570
Report Number(s):
DOE/EIA-M068-C/1
ON: DE96011598; NC: NONE; TRN: 96:003683
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: Jun 1996
Country of Publication:
United States
Language:
English
Subject:
22 NUCLEAR REACTOR TECHNOLOGY; 29 ENERGY PLANNING AND POLICY; 99 MATHEMATICS, COMPUTERS, INFORMATION SCIENCE, MANAGEMENT, LAW, MISCELLANEOUS; INFORMATION; MANAGEMENT; REACTOR DECOMMISSIONING; COST ESTIMATION; FORECASTING; DATA BASE MANAGEMENT

Citation Formats

. Electricity Market Module: Electricity finance and pricing submodule. United States: N. p., 1996. Web. doi:10.2172/245570.
. Electricity Market Module: Electricity finance and pricing submodule. United States. https://doi.org/10.2172/245570
. 1996. "Electricity Market Module: Electricity finance and pricing submodule". United States. https://doi.org/10.2172/245570. https://www.osti.gov/servlets/purl/245570.
@article{osti_245570,
title = {Electricity Market Module: Electricity finance and pricing submodule},
author = {},
abstractNote = {The purpose of this report is to document the updates to the Electricity Financial Pricing Module (EFP) to reflect the rate impacts of nuclear decommissioning. The EFP is part of the National Energy Modeling System (NEMS). The updates to the EFP related to nuclear decommissioning include both changes to the underlying data base and the methodology. Nuclear decommissioning refers to the activities performed to take a nuclear plant permanently out of service. The costs of nuclear decommissioning are substantial and uncertain. The recovery of these costs from ratepayers is to occur over the operating life of the nuclear plant. Utilities are obligated to make estimates of the nuclear decommissioning cost every few years. Given this estimate, utilities are to assess a charge upon ratepayers, such that over the operating life of the plant they collect sufficient funds to pay for the decommissioning. However, cost estimates for decommissioning have been increasing and it appears that utilities have not been collecting adequate funds to date. In addition, there is a real risk that many nuclear plants may be closed earlier than originally planned, further exacerbating the under collection problem. The updates performed in this project provide the EFP with the capability to analyze these issues. The remainder of this document is divided into two discussions: (1) Nuclear Decommissioning Data Base, and (2) Methodology. Appendix A contains the actual data base developed during the project.},
doi = {10.2172/245570},
url = {https://www.osti.gov/biblio/245570}, journal = {},
number = ,
volume = ,
place = {United States},
year = {Sat Jun 01 00:00:00 EDT 1996},
month = {Sat Jun 01 00:00:00 EDT 1996}
}