WASHINGTON—Today, Resources for the Future posted a new blog with an interactive graphical tool for viewing key projected effects of the Grid Resiliency Pricing Rule proposed by the US Department of Energy in October. The rule would prevent a set of coal and nuclear power plants in the Eastern and Midwestern United States from retiring by guaranteeing their profitability. The blog, Projecting Impacts of DOE’s “Grid Resiliency Pricing” Proposal, features an interactive tool that allows the user to graphically view the effects of variations of the rule, including effects under different assumed natural gas price futures. The variations include versions that have different durations, that apply to coal plants only or nuclear plants only, and that only guarantee the costs necessary for continued operation, rather than profitability. The effects are the projected impacts on prices, customer welfare, generator profits, emissions, US deaths from emissions, total environmental damage, and total net benefits. The Federal Energy Regulatory Commission is due to make a decision about the proposed rule by January 10, 2018.
Read the new blog post and explore the interactive graphs.