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High Natural Gas Prices May Help Bolster Case for Nuclear Energy
Increased generation of electricity using renewable energy sources was touted as a way to make energy more reliable, lower costs, meet environmental goals, while closing nuclear plants. The recent spike in natural gas prices may provide evidence that such pronouncements were, at a minimum, an overreach.* An Overreliance on Renewables: An overreliance on renewables may be one reason for contributing to rising natural gas prices. For example, a reduction in wind-driven electricity production of the coast of the U.K. necessitated utilities to turn to gas and coal-fired plants to make up the shortfall. Other ... (full story)