Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, August 4, 2011

Electricity Prices to Soar

Electricity Prices to Soar

ICF International a major consulting firm has let slip two news reports out of their research that should cause consumers to perk up and get on with conservation, energy saving and cost cutting measures. (Click here for the reports)
In the broad sense the two reports are showing a shortfall in generating capacity coming over the rest of the decade.
The earliest report discusses the shutdown of a large number of small coal generation plants totaling 50 gigawatts.
The later report is showing new natural gas generation plant increases to be 40 gigawatts.
That’s a 10 gigawatt difference.  10 gigawatts
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