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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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Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
Wednesday, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
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- White Energy Company Limited
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Planning Commission, India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
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