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US Energy Department Propose to Revive Coal and Nuclear Power Sector

The DOE has proposed new regulatory directives to support the coal-fired and nuclear power plants of the nation.

United States: The Trump administration is planning to hasten the development of debilitated coal-fired and nuclear power plants, aiming to propel energy dominance in the United States. The US Department of energy (DOE) is urging the Federal Energy Regulatory Commission (FERC) to pass the directive intended to reward ageing nuclear and coal fired power plants which stock 90 days of fuel on-site for ensuring constant power supply to American nations during electricity outages such as winter season, storms, etc.

The organization is compelling the FERC to pass the rule within 60 days in order to confirm reliability to the power grid by fortification of coal and nuclear energy sectors of the United States. The solar & wind energy producers along with natural gas drillers are exhibiting criticism towards the proposal of US DOE, which is resulting in the division of US Energy Industry.

TechSci Research depicts that the proposed move by the energy secretary, Rick Parry would push the FERC to provide payments for coal-fired and nuclear power plants which are contributing in the supply of essential energy and ancillary reliability services, subsequently bolstering the growth in the United States Power Ancillary Service Industry.

According to the recently published report by TechSci Research, “United States Power Ancillary Service Market Forecast & Opportunities, 2020”, the power ancillary service market in US is projected to grow at a CAGR of around 8% through 2020. The demand for power ancillary services in the US generally witness a significant increase during winter seasons due to a sudden rise in the demand for electricity.

Spinning up power ancillary services are projected to decline during the forecast period whereas spinning down power ancillary services would gain a significant amount of share in the years to come. Moreover, regulation down power ancillary services are expected to witness a slight decline in the coming years.

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