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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, 12 October 22
MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such v ...
Monday, 10 October 22
ENERGY TRANSITION BOOSTS GLOBAL LONG-TERM DEMAND FOR METALS - FITCH RATINGS
The energy transition will significantly increase demand for metals used in manufacturing of electric vehicles (EVs) and renewable power generation ...
Monday, 10 October 22
GLOBAL CEOS EXPECT IMPENDING RECESSION TO BE 'SHORT AND SHARP,' POLL SHOWS - CNBC
Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm KPMG, which said more than ...
Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soa ...
Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
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- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
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