Deregulated markets, while promoting competition, are leading to prioritisation of short-term returns over more environmentally sustainable and economically sound long-term investments.
Investment in any major energy infrastructure is challenging in deregulated markets. But it particularly affects nuclear, because of the initial capital investment required.
The world is asking for reliable, affordable and clean electricity. Rising will call for fair and effective markets that deliver this, so nuclear energy can play its important role.
Rising will also call for greater recognition of the role of nuclear generation in Europe in tackling climate change and providing security of supply.
Nuclear generation is by far the single largest source of low carbon electricity in Europe; it is close to being the largest single source of generation of any kind, providing around 30% of all electricity consumed. And yet nuclear is frequently left off the agenda of European energy initiatives.
At the same conference Marv Fertel, President and Chief Nuclear Officer of the Nuclear Energy Institute will call for the full value of nuclear power plants as affordable, reliable and clean air energy provided 24/7 to be recognised, including in market mechanisms where necessary.
Fertel will also highlight the potential impact of nuclear plant closures on electricity prices and jobs.
(www.wnfc.info)
