“Too Cheap to Meter” was the claim used to help sell nuclear power in the fifties, according to urban legend.
This recession we’re in may help that promise come true. The price for electricity on the spot market was cheaper than ENVY’s “everyday low price” to CVPS and GMP.
Wholesale prices in PJM Interconnection LLC, the largest U.S. power market, averaged $40.38 per megawatt-hour during the second quarter, down 60 percent from a year earlier.
Entergy Nuclear Plants
Beyond declining demand and prices, Entergy was stung by output disruptions, which contributed to a 44 percent drop in profit from its reactors. The company, which supplies power to about 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas, got about 65 percent of its 2008 earnings from nuclear plants outside its service territories