Posts Tagged ‘power generation’

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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Is natural gas a 1% shift or a leap of faith?

This is my first year attending the Offshore Technology Conference, that oil and gas annual event that turns Houston’s Reliant Park area into a chaotic zoo and brings out more blindingly shiny display items than a diamond show.

I’ve been to many conferences for oil and gas before, but OTC is the one of the few that strikes awe and fear into a journalist’s heart. So many sessions! So many speakers! How on earth can I be expected to make a decision about what to attend?

One of my decisions on the third day was to attend a luncheon featuring Jeff Immelt, chairman of the board and CEO of GE. Coincidentally, it was Immelt’s first time at OTC as well, and he explained the company’s investments in the oil and gas industry, and emphasized the role he believes natural gas can play in the future of the risk-adverse production industry.

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The iceman cometh again: winter isn’t over for US natural gas markets

After the wallop of the polar vortex earlier this month that sent US gas demand and US Northeast gas prices soaring to all-time highs, one would think that the worst is over, no?

That would be a negative.

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Can US Northeast natural gas demand rise again?

The US Northeast is flooded with natural gas such that supplies are desperately trying to find alternative homes in eastern Canada, the Midwest and the Southeast.

Effectively — with the US Northeast due to pump out 13 Bcf/d by year’s end — the region has become what the pre-Katrina US Gulf Coast once was: the production basin in North America. Read the rest of this entry »