Commentaries cover the nuclear industry, the electricity industry, and related topics.

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The Japan Atomic Industrial Forum (JAIF) translates NECG Commentaries into Japanese. Many thanks to my friends and colleagues at JAIF!

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#2 – Nuclear Power & Short-Run Marginal Cost

NECG Commentary #2 - Electricity Market Clearing (SMP Chart)

Electricity Market Clearing Short-Run Marginal Cost (SRMC) is an important factor in electricity markets. Bids into these markets are based on the SRMC of generators participating in the market. Bids are accepted, starting with the lowest bids, until bids accepted equal demand. All bidders are paid the

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#1 – Nuclear Power Plants – Long-Term Assets in a Short-Term World

NECG: Electricity Industry Activity

Electricity Industry Activity It takes up to 10 years to develop and build a new nuclear power plant that will then operate for 60 years or longer. Electricity markets and financial markets do not easily accommodate these long-term nuclear power plant assets. Nuclear power plant value is

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