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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
.jpg) We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining high, coal-fired generation has continued its previous trend of decline this year as a result of constrained coal supply.
Coal and natural gas are two of the most prevalent sources of power generation in the United States. Natural gas-fired power plants that use modern combined-cycle technology can compete effectively with coal-fired generation because they operate with 30% to 35% greater efficiency. This difference affects relative fuel costs between coal and natural gas and the substitution between the two fuels.
Between 2020 and 2021, the delivered cost of natural gas for power generators nearly doubled while the delivered cost of coal grew by only 3%. The increase in natural gas prices caused the share of total natural gas-fired generation to fall to 37% in 2021 from 39% in 2020. In contrast, coal-fired generation increased in 2021 for the first time since 2014 and averaged 23% of U.S. generation, up from 20% in 2020.
The cost of delivering fuel to coal-fired and natural gas-fired generators depends on a wide variety of factors. Wholesale power prices are generally set by the price of natural gas, and natural gas prices have been volatile throughout most of 2022. Compared with coal-fired generators, costs for natural gas-fired generators are more dynamic. Natural gas is bought mostly in the daily, monthly, and seasonal markets to align fuel needs with power sales, which can be highly uncertain. Costs for coal-fired generators are more static because delivered coal prices are mostly based on long-term contracts and remain relatively steady for longer periods. So far this year, as reported to EIA, the delivered price of natural gas has increased more in percentage terms than the delivered price of coal, but natural gas prices for generators may decrease substantially in the fourth quarter.
Despite higher natural gas prices in 2022, we expect natural gas-fired generation will increase slightly this year, and its share of annual U.S. generation will increase from 37% to 38%. The electric power sector is not moving away from natural gas as we expected previously because coal-fired power plants, which have historically acted as a substitute for natural gas generation, have not been receiving enough coal to meet demand. We expect coal production to increase by less than 2% during 2022, and we expect much of that gain to be exported. We expect that the share of generation provided by coal will return to 20% in 2022, down from 23% last year.
Most coal is delivered to power plants by railroads in the United States, which have encountered a number of disruptions this year. Although U.S. coal inventories have been declining in recent years as coal-fired generators have retired, the limitations on coal deliveries have further constrained generators’ ability to replenish stocks and increase generation. During the first seven months of 2022, coal inventories at power plants averaged 23% lower than in 2021.
Source: EIA
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
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