Tag Archives for prices
NEW YORK — A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy.
European Commission is considering a law that would effectively block many coal-fired plants from getting support payments under the region’s capacity market, which is intended to ensure steady supplies of electricity when the wind isn’t blowing and the sun isn’t shining.
BEIJING — Coal prices in China may continue to rise during the upcoming heating season, despite the endeavors of regulators to stabilize them, due to strong demand and overcapacity reduction, experts said.
“From now on to the end of the heating season next spring, coal prices will not show a downturn trend, with demand rising continually, if there are no strong measures from regulators to guarantee supply,” said Zhang Likuan, senior analyst at the China Coal Data Exchange Center.
WASHINGTON – Wyoming’s coal industry has rebounded from the dire circumstances of a year ago, when its three largest companies were in bankruptcy and stockpiles of coal still sat idle at power plants and mine sites across the country.
Those companies have since restructured, wiping away billions in debt in the process. And the overstock of coal has largely burned down.
Wyoming companies, energy experts and environmentalists agree that a new normal has set in for coal in Wyoming, where companies are operating at lower costs and producing less coal with fewer miners. It is a time for tightening belts and operating efficiently, not expanding.
By JOHN SICILIANO
Washington Examiner (2/21/17)
Trump is expected to soon issue the orders targeting regulations put into place by the Environmental Protection Agency, including the Clean Power Plan, which directs states to cut greenhouse gas emissions from existing power plants.
The EPA climate plan was halted a year ago by the Supreme Court until the courts can rule on litigation by 28 state attorneys general, the coal industry and hundreds of individual companies and industry groups.
By JUDY HISLOP
WASHINGTON, DC (February 14, 2017) – The mix of fuels used to generate electricity in the United States has changed in response to differences in the expected cost of fuels and electricity-generating technology costs and their deployment, according to the US Energy Information Administration.
These factors, together with policies affecting emissions from power generation, will determine the generation fuel mix of the future.
Multiple cases in EIA’s Annual Energy Outlook 2017 (AEO2017) show how projected electricity generation is affected by fuel prices, especially natural gas prices, and the Clean Power Plan, a final Environmental Protection Agency rule issued in 2015 whose enforcement was stayed by the US Supreme Court in Feb. 2016 pending the resolution of legal challenges.
By Ben Levisohn – December 30, 2016
Coal prices had been surging this year, giving a big boost to coal companies. Coal prices, however, have been tumbling the past few days and Axiom Capital’s Gordon Johnson contends we could be witnessing the end of the rally…and the iron ore rally with it. He explains why.
Based on information released yesterday, China is considering raising the 2017 steel and coal capacity-cut targets by 10%. Simply put, this means more steel and coal production from China next year.
(17 November 2016) Despite persistent challenges, the outlook for the North American coal industry has been revised to stable from negative, Moody’s Investors Service said in a new report. A combination of fourth quarter 2016 metallurgical coal benchmark prices settling at $200 per metric ton (mt) and natural gas prices hovering around $3/MMbtu has provided immediate relief for the strained sector.
The rating agency has also revised its price sensitivity assumptions for seaborne coal prices. In the medium-term range, met coal has been lifted to $90-$130/mt from $85-$90/mt, and Newcastle Thermal assumptions have been increased to $50-$65/mt from $53-$58/mt.
After declining for several months, the share of U.S. electricity fueled by coal is expected to slowly begin growing when compared to the same period last year. In contrast, the share of generation from natural gas is expected to experience year-over-year declines. Based on expected temperatures and market conditions, coal is expected to surpass natural gas as the most common electricity generating fuel in December, January, and February.
For more information:
American Coal Council Welcomes Opportunity to work with President-elect Trump on the Future for Coal
WASHINGTON, DC November 9, 2016– The American Coal Council congratulates President-elect Donald Trump on his victory in yesterday’s presidential election.
President-elect Trump knows the strategic importance of energy in America. This includes our abundant coal resources, larger than those of any other country in the world. He supports coal and energy jobs as an integral part of a strong economy. He understands the urgent need to rein in the Washington bureaucracy and sweeping, excessive regulations in order to protect jobs, retain and grow our nation’s industrial and manufacturing base, and reduce the costly burden of rules that lack commensurate benefits.