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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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Wednesday, 09 February 22
OIL PRICES: "IT'S GOING TO BE VERY EASY" TO GET TO $100/BARREL, ANALYST SAYS - YAHOO FINANCE
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst.
“For ...
Wednesday, 09 February 22
MARKET INSIGHT - INTERMODAL
Iron ore prices have jumped significantly in the week prior to the Chinese New Year with traders and producers stocking up on raw materials. China& ...
Wednesday, 09 February 22
FEBRUARY HBA HITS RECORD HIGH IN 2022 ON INDONESIA’S EXPORT BAN IN JANUARY, WORSEN SUPPLY, UKRAINE TENSIONS
COALspot.com: Indonesian Coal Price Reference for February in a steep climb from January 2022.
As expected in January the Indonesia ...
Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by co ...
Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
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- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
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