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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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Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...
Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...
Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...
Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...
Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...
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- LBH Netherlands Bv - Netherlands
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- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
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- Aditya Birla Group - India
- Electricity Authority, New Zealand
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- Attock Cement Pakistan Limited
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- Chamber of Mines of South Africa
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- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
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- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
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- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
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- Mercuria Energy - Indonesia
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- Sojitz Corporation - Japan
- Romanian Commodities Exchange
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- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
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- Bangladesh Power Developement Board
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- Kobexindo Tractors - Indoneisa
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- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Minerals Council of Australia
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- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
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- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
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- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
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- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
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- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
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