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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, 13 December 22
AUSTRALIA TO CAP PRICES OF COAL, GAS TO DRIVE DOWN ENERGY BILLS - REUTERS
Australia will cap coal and gas prices for a year in a bid to shave utility bills for households and businesses hit by soaring costs because of the ...
Tuesday, 13 December 22
YANCOAL AUSTRALIA TO PREPAY $459 MLN DEBT AS RECORD COAL PRICES BOOST CASHFLOWS - REUTERS
Coal miner Yancoal Australia Ltd. said on Friday it intended to prepay $459 million of its debt on or around Dec. 16, as elevated coal prices were ...
Tuesday, 13 December 22
WHY COAL LEADS THE RISE IN COMMODITIES THIS YEAR - MARKETWATCH
This year marked a resurgence for coal, often known — and loathed — by environmentalists as the dirtiest energy source, with prices mor ...
Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risk ...
Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments ...
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- McConnell Dowell - Australia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Electricity Authority, New Zealand
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
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