Lots more distributed generation of electricity–solar, wind, etc.–and lots more variable power sources moving across utility grids means new issues for utilities. Ross McCracken discusses the problem for Europe in this month’s highlighted story from Platts Energy Economist.
Archive for the ‘electric power’ Category
By Ross McCracken | November 28, 2014 07:00 AM Comments (0)
By William Powell | November 26, 2014 12:01 AM Comments (3)
If you are a state-run gas company in a Baltic state–once part of the Soviet Union, and tied to the former empire by gas pipelines–you might grab with both hands the chance to buy gas from someone who is not associated with the Kremlin.
Lithuania has asserted its independence from Russian gas by chartering a floating liquefied natural gas import terminal, the Independence, from Hoegh. The first LNG cargo came under a five-year contract in November. The seller was Norway’s Statoil, which operates Europe’s only liquefaction plant, Snohvit.
By Ross McCracken | October 31, 2014 02:25 PM Comments (10)
By Alex Froley | October 24, 2014 12:01 AM Comments (0)
A fire broke out Sunday at the UK’s 1,400 MW Didcot B gas-fired power station, in the latest of a series of unexpected problems that have considerably tightened the margin of spare supply available to the country’s electricity market this winter.
Damage to the cooling towers has resulted in the shutdown of 50% of the station’s output, removing some 700 MW from the grid.
By Jeff Ryser | October 15, 2014 11:17 AM Comments (0)
The midstream segment of the US natural gas business — pipelines, processing and storage — is where investment is targeted based on the assumption that a lot of new shale gas will be produced and consumed over the next couple of decades.
What some are wondering and worrying about, though, is whether the future price of natural gas will hold up and not wreck the credit of those making the infrastructure investments.
By William Powell | September 26, 2014 12:01 AM Comments (0)
Among the many brilliant and baffling woodcuts by the Dutch artist MC Escher is a depiction of what appears to be a triangle made of three sections of wood, which is in fact an impossible construct owing to the way the joints appear to fit together.
If it existed at all, it would resemble the leg of an insect, which viewed from one position only would appear to enclose a triangle, but in reality it would form a three-part zigzag in space, two of its ends far apart.
By Jeff Ryser | September 17, 2014 12:01 AM Comments (1)
Last week something serendipitous happened. I went to what was ostensibly a briefing and news broke out.
The news was that the big French bank BNP Paribas, after some high-level recruitment from a decamping JP Morgan Chase, intends to try and rebuild North American physical electricity trading to go along with its existing natural gas trading operations done primarily through its offices in New York.
BNP’s decision bucks the trend set by a number of other big banks—most notably JP Morgan Chase, Deutsche Bank and Barclays Plc– who have pulled out of several areas of physical energy commodity trading due to a combination of changing market conditions and flagging revenues, but perhaps most importantly, due to mounting regulations.
By Tom Balcerek | August 14, 2014 10:07 AM Comments (2)
What would happen if the American consumer, the most voracious buyer the world has ever seen, becomes more efficient at purchasing?
That is the question that could shape our future economics as the sharing of goods and services continues to proliferate with the aid of smart phones and social media.
Will ride sharing services like Uber and Lyft put taxis out of business? Will Airbnb, which connects vacationers to people with rooms — or castles — to rent, put hotels out of business?
By Rodney White | August 5, 2014 12:01 AM Comments (0)
Practicing politics in Massachusetts must be like steering a ship toward a safe harbor while running away from a hurricane. Certainly Massachusetts Governor Deval Patrick, who is being battered by environmentalists, must feel that way.
By J Robinson | July 4, 2014 12:01 AM Comments (0)
Imports of liquefied natural gas to Latin American are up 18% so far this year, according to Bentek, a unit of Platts, buoyed by growing demand from Mexico and Brazil. But, with so much recoverable indigenous supply, why is Latin America paying top dollar for imported gas?
According to the US Energy Information Administration, technically recoverable shale gas resources in Argentina are the second largest globally at 802 trillion cubic feet, Mexico’s reserves are the sixth largest at 545 Tcf, while Brazil ranks tenth with reserves estimated at 245 Tcf.
Accessing these shale reserves requires political will and costly investments, factors that have combined in various ways across the region to impede domestic production and make LNG an easy, though short-sighted solution to growing demand for electricity in Latin America.