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US to say power markets must 'evolve' to value coal, nuclear

The US Energy Department will issue a report emphasizing the need to value coal and nuclear more in the American power market.

Photo: /ritzau/AP/Evan Vucci

The US Energy Department will issue a long-anticipated report late Wednesday that will stress the need to "evolve" the nation's power markets so they value resources such as coal and nuclear more, a document obtained by Bloomberg shows.

The report commissioned by Energy Secretary Rick Perry will recommend that regulators "improve" wholesale electricity markets to ensure the US has enough supply to keep the lights on during extreme events, the document shows. The study details how cheap natural gas, government regulations, weak power demand and increasing volumes of solar and wind power are challenging the economics of coal and nuclear plants.

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