December 2024

Brent fell 6 cents to $73.85 a barrel, WTI was down 11 cents at $70.60 a barrel.

Consequently, Russia will increasingly rely on China and boost energy exports, particularly crude oil and natural gas, in 2025,

Rosatom describes the TRT as “a tokamak with a long discharge pulse, a strong magnetic field and an electromagnetic system made of a high-temperature superconductor … the construction of the TRT is an important stage in the development of controlled thermonuclear fusion and the creation of a nuclear power reactor in Russia – an environmentally friendly source of energy with virtually inexhaustible fuel resources”.

ITER has paid tribute to Evgeny Velikhov (1935-2024), who died on 5th December aged 89, with the following “In Memoriam”:

The cost of constructing and operating a new nuclear power plant for 2040 is estimated at 12.5 yen ($0.08) per kilowatt-hour, according to documents released from a trade ministry panel meeting on Monday.

Following five years of stagnation, Germany’s economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.

The report is the second part of a series from independent economic consultants Frontier Energy on modelling the economics of including nuclear in Australia’s National Electricity Market (NEM): the first part, released in November, established the base case against which to compare cost impacts based on the AEMO Integrated Systems Plan.

The battery is based on the radioactive isotope carbon-14. It uses its radioactive decay - it has a half-life of 5,700 years - to generate low levels of power.

The values of the successful bids range from €6.93c/kWh to the maximum permissible value of €7.35c/kWh. The average price stood at €7.15c/kWh, compared to €7.33c/kWh in the previous round.

Our forecast Henry Hub natural gas spot price: Nov. 2024 average: ~$2.10/MMBtu Rest of winter average: ~$3.00/MMBtu