Posts Tagged ‘power generation’

IHS CERAWeek 2015, Day 4: Power ballad ending

Thursday is not the final day of IHS CERAWeek, but it is the final day focused on a particular commodity. It’s also Platts’ final day at CERAWeek this year. Thursday’s focus on electric power allows for a wide variety of topics, though, from coal to actual power generation to natural gas and everything in between.

We had two editors roaming the sessions Thursday, one to focus on coal and one to focus on electric power. Some of what we heard was shared from @PlattsPower, although @PlattsCoal, @PlattsGas and @PlattsOil also got some fodder from various officials sharing their plans. Just as a good power ballad has to come to an end, our coverage of this year’s CERAWeek is ending, and here are some thoughts from our editors about Thursday’s events.

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Guest post: Out of sight, out of mind? Vermont considers its renewables

John Kingston is president of The McGraw Hill Financial Global Institute and director of global market insights. He continues to observe energy markets after his many years with Platts.

There’s another growing kerfuffle in Vermont, which we’ve written about before as it tries to balance a seemingly impossible array of choices as it moves forward with its energy future. It’s a small state, but some of the conflicts there are sure to be duplicated in other parts of the US…and the world.

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Revenge of the renewables: How wind and solar play in Germany and Texas

Are big baseload power providers in Texas destined to suffer the same fate as their counterparts in Germany?

The question arises because Texas is once again undergoing a surge of wind generation installations at a time when wholesale power prices are already on the floor, and zero pricing due to existing wind generation is prevalent.

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Coal may burn bright, but which Asian market has the lights left on?

If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.

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Energy Economist: King Coal faces the end of its reign

The coal industry is in crisis. It has failed to recognize the structural shift in power generation driven by regulation rather than price and has missed the window of opportunity to invest in clean coal technologies. Now it faces a slow King Canute style demise, as elaborated by Ross McCracken, managing editor of Platts Energy Economist.

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Location, location, location: How much a 10 GW power gen retirement matters

Tucked in the recently released PJM Market Monitor annual report are a couple of tables showing that there will more than 10 GW of generation retired this year in the PJM footprint.

The conventional wisdom goes that 1 MW of power provides electricity to roughly 1,000 homes. So, if 10 GW are retired, then supposedly an estimated 10 million homes in the PJM footprint are going to be without power.

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The Niño comes strolling into the US Pacific Northwest power markets

Hydro generation is king in the Pacific Northwest, and to keep the turbines running, the region needs healthy stream flows.

Under normal circumstances, Mother Nature plays a critical role providing precipitation, particularly snowpack during winter. Then, come spring, ideally the region sees a nice, steady warm up in weather that gradually melts the snowpack, filling the rivers and reservoirs.

However, this winter is anything but normal as the Pacific Northwest has seen mostly warm weather.

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UK energy reform is not just about price cuts

The UK’s “big six” energy retailers have started to lower their gas prices, undercutting the opposition Labour party’s promise to freeze household energy bills if the party comes to power in the May 2015 general election. But the party’s plans go further than just its headline tariff freeze.

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Egypt’s Sisi outlines national energy policy at World Future Energy Summit

Egypt has set development and reform of its energy sector as a key priority as it seeks to rebuild its economy following the country’s second revolution in the past few years, the country’s president, Abdel-Fattah el-Sisi, said January 19 during his first official visit to the UAE in that role.

During his keynote address to the World Future Energy Summit in Abu Dhabi, Sisi also said he considered the security of the Persian Gulf region to be “part and parcel of Egyptian security.” The annual Abu Dhabi WFES gathering, while primarily a UAE forum for promoting and discussing regional and international renewable energy development, has also developed a significant political agenda.

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UK warns utilities to pass on falling fuel costs

The UK’s finance minister, George Osborne, has reacted to plunging crude oil prices by warning energy companies to make sure they pass on to customers any reduction in their own fuel costs. With just four months to go till the country’s May 7 general election, politicians are likely to keep up the pressure on utilities. But how far have UK gas prices fallen?

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