Utility Dive•3 months ago
Congress should fix the nuclear investment tax credit
Key Takeaway
This proposed policy change could dramatically reduce the cost of new nuclear power, making it a more attractive and competitive option for developers and large power consumers seeking reliable, low-carbon energy.
AI Summary
- •A proposed bipartisan bill aims to restructure the nuclear Investment Tax Credit (ITC).
- •This restructuring would pass the full value of the credit to ratepayers immediately, significantly cutting the sticker price of new nuclear projects by 30% to 50%.
- •For developers, this policy change could drastically improve the economic viability and bankability of new nuclear builds.
- •Large power consumers could benefit from lower, more stable long-term power prices and increased clean energy supply if these projects materialize.
Topics
emissionsfinancingirapolicy
Article Content
A bipartisan bill would restructure the credit to pass its full value on to ratepayers from day one, cutting the sticker price of new nuclear projects by 30% to 50%, writes Samuel Thernstrom at the Energy Innovation Reform Project.