Posts Tagged ‘power generation’

Burn, baby, burn: North American natural gas gets ahead in generation

All over the news last week, media outlets highlighted a June US Energy Information Administration report that showed that for the first time ever, the US generated more electricity from natural gas than from coal in April. EIA data said the US generated 92.5 TWh from natural gas and 88.8 TWh from coal. This is the first time ever that any fuel source produced more electricity than coal. Although this might be a temporary blip (winter demand will send coal’s numbers past natural gas), it is still a huge deal.

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Natural gas becalmed as wind blows ahead in European power

Roll over Chicago, welcome to Europe: the Windy Continent.

In just 10 years’ time, wind is forecast to overtake natural gas as the biggest single power generation source by installed capacity in Europe.

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US power landscape prepares for markets, demand to heat up with summer

Summer for the power markets typically means volatility as demand shoots up with hot weather and prices bounce around as generators and traders try to provide the energy where it is needed.

Before each summer, grid operators across the United States gear up for the season by letting the stakeholders know how they are preparing in their summer outlooks. The outlooks share what the grid operators are expecting for peak loads and how much generation capacity will be available to meet the demand. For the power markets, preparing for the season means getting a handle on these outlooks and where prices are ahead of summer.

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California’s renewable power saga is just beginning

In the first quarter of this year, with unseasonably warm dry weather tamping down wind flows in California, the amount of power generated by the state’s 44 wind farms fell off by around 35% compared to the first quarter of 2014, according to data filed with the US Federal Energy Regulatory Commission and the Energy Information Administration compiled by Platts.

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Oh US gas demand, where art thou?

In the United States, natural gas is having quite a year. Year-to-date, Platts unit Bentek Energy data shows natural gas production has averaged 72.4 Bcf/d, a 5.2 Bcf/d, or almost an 8% increase, from a year ago. This growth is impressive itself, but what makes it even more impressive is the growth has come while prices have been depressed and demand has lagged.

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How could a ‘Brexit’ affect the European energy market?

The UK’s premier business lobbying organization, the CBI, has called on the business world to “turn up the volume” in the debate about the country’s relationship with Europe. A referendum is expected by 2017 to decide whether or not there should be a British exit (or “Brexit”) from the European Union. But how could this impact the electricity and gas market?

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Warming weather in California exposes vulnerabilities of wind power

Is it the first signs of a serious problem for wind power generation?

Data shows a significant drop-off of wind power sales in California due to warm weather, which caused a drop in wind velocities. Is it possible that wind farms that so many believe will help mitigate the warming of a changing climate will instead be impaired by that very same warming?

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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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