POV: Power Breakfast

Power Breakfast for June 21, 2016

Natural gas prices on the rise; Sweden removes tax on its nuclear industry


POV: Power Breakfast

A nearly daily update of energy-related news:

  • Natural gas prices have risen in response to the upcoming summer season’s temperature forecasts. The Wall Street Journal states that prices have increased by 40 percent since the end of May. Summer officially started on Monday, June 20.
  • To ensure that Sweden continues to receive reliable carbon-free power throughout the year, the country has decided to discontinue a tax on the nuclear industry and will allow existing reactors to continue running for a longer period. The country’s utilities are now also tentatively allowed to build up to 10 new reactors to replace the reactors scheduled to retire. The government is debating if it can power the country with wind, hydro and solar alone in order to meet its 2040 goals and daily needs; nuclear energy currently provides 40 percent of the country’s electricity.
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