Markets

An energy transition is underway across the world. Market upheaval, defining events, and recent policy changes have accelerated a shift away from coal toward renewables. Here is how this transformation played out for some of the world’s major economies over the past decade. Graphs show percent of each fuel source of total generation for that […]

News about the rate at which new renewable power capacity is being added to grids around the world has been overshadowed by a remarkable trend that could revolutionize the renewables sector. Over the past few

Construction Underway on New Unit at Serbian Coal Plant. It has been almost 30 years since any new power generation capacity was built in Serbia, but that stretch is coming to an end as China Machinery and

In the next 25 years, the world will turn increasingly to renewables and natural gas to meet energy demand, turning away from coal, according to the International Energy Agency’s (IEA’s) World Energy

A bill backed by outgoing New Jersey Gov. Chris Christie (R) to subsidize the state’s nuclear power plants unanimously passed a joint committee on December 20 and now heads to the full legislature for a vote. S.3560, introduced on December 14, directs the Board of Public Utilities to issue Nuclear Diversity Certificates (NDCs) to nuclear power […]

It’s become a cliché that government would be better if it were only run by private-sector managers using standard business practices. However, there are significant differences between the private sector and government. This quiz is designed to test your knowledge of those differences. Create your own user feedback survey To learn 18 more differences, read “25 Differences Between […]

Energy Secretary Rick Perry has granted a 30-day extension sought by Federal Energy Regulatory Commission (FERC) Chairman Kevin McIntyre last week to give the regulatory agency more time before it acts on the controversial proposed Grid Resiliency Pricing Rule. In a strongly worded letter, however, he told FERC to act expeditiously to allay reliability threats to […]

GE Power said its 9HA.02 gas turbine reached a new milestone by exceeding 64% efficiency in combined cycle power plants. The company attributes at least part of the achievement to advances in additive manufacturing (3-D printing). “The HA is our most advanced gas turbine technology, and we’ve never stopped pushing the boundaries of what it […]

Kevin McIntyre was sworn in as chairman of the Federal Energy Regulatory Commission on December 7, just more than a month after his nomination to the post was approved by the Senate. He takes over from interim chair Neil Chatterjee, who will remain at FERC as a commissioner. The agency that regulates transmission and wholesale […]

General Electric (GE) said December 7 it will cut 12,000 jobs in its power unit as the company continues to struggle with changes in the global power market. The company in a statement said the staff reductions will save $1 billion in 2018. “Traditional power markets including gas and coal have softened,” the company said, […]

New Jersey lawmakers are exploring whether to legislatively prop up future operation of two nuclear power plants in the state, holding a hearing on December 4 in which key stakeholders sounded off on how nuclear subsidies could affect the environment, the economy, and the power market. The hearing, jointly held by the state Senate Environment […]

Cross-border trade in energy—electricity, natural gas, and oil—has been an unanticipated boon to the U.S., Canada, and Mexico, exceeding $140 billion in 2015. The Trump administration’s antipathy toward

Weak earnings associated with General Electric’s (GE’s) underperforming $10.1 billion investment in Alstom have prompted the giant conglomerate to rejigger its power business and lean more heavily on other segments. GE Power, the company’s long-standing and lucrative business unit that has installed 1.6 GW of the world’s installed capacity over its 125-year history, has also […]

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

Giant UK Tidal Lagoon Project Secures Grid Connection Deal. Tidal Lagoon Power’s project to build a full-scale 3.2-GW tidal lagoon power plant in the Severn Estuary in Swansea Bay to harness strong tides on

Dynegy Inc.’s pending merger with Vistra Energy will create a company of a significant diversification and scale designed to weather volatile markets. Over the past year, at least eight other major power companies have embarked on various strategies to guard against distress in unregulated markets. Duke Energy. Three years ago, Duke Energy announced it would move away from organized […]

To strengthen balance sheets and thwart market woes afflicting generators in competitive markets, Dynegy Inc. and Vistra Energy will merge, creating a company that is projected to have a value greater than $20 billion. Dynegy, which operates a power plant fleet of 27 GW, will merge into Vistra Energy, the parent company of TXU Energy […]

Comments on the Department of Energy’s (DOE’s) proposed grid resiliency rule from an assortment of state agencies, trade groups, environmental organizations, and organized market entities flooded the Federal Energy Regulatory Commission’s (FERC’s) docket before the tight three-week timeframe expired Oct. 23. The DOE’s “Grid Resiliency Pricing Rule” proposed on Sept. 29 directs FERC—an independent regulatory […]

Stricken by falling orders for large gas turbines, global technology conglomerate Siemens AG is reportedly moving to downsize its Power and Gas segment. The changes may include closure or sale of major sites globally and result in thousands of job cuts. The company will likely embark on a reorganization plan this November that could result […]

An analysis by the University of Texas at Austin’s Energy Institute shows wind power generation capacity in Texas may already have surpassed coal-fired capacity in the state, and wind almost certainly will have leapfrogged coal by early next year, as wind farms continue to dot the landscape while more coal plants in the state are […]

Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018. The company’s decision made public on October 13 comes on […]

Criticism for Secretary of Energy Rick Perry’s recent notification of proposed rulemaking (NOPR) directing the Federal Energy Regulatory Commission to show favor to coal and nuclear plants was in no short supply during an October 12 hearing of the House Subcommittee on Energy. The hearing, which focused on the Department of Energy’s (DOE) missions and […]

The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the UK and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a growing list […]

Mexico’s energy reform began in 2013. It has opened up key parts of the country’s electricity sector to new market participants, foreign investors, and innovative technology. Prior to the reform, Mexico operated under a traditional, vertically integrated model with the state-owned Federal Electricity Commission (CFE) responsible for all power supply functions from generation to distribution. […]

A week after the Department of Energy (DOE) proposed a rule to bolster uneconomic coal and nuclear generators in competitive power markets, Luminant announced that an “unprecedented low power price environment” will force it to retire a 1.9-GW coal-fired power plant operating in the Texas market. The plant’s economic woes suggest a larger swath of […]

The Federal Energy Regulatory Commission (FERC) set a three-week window for comment on the proposed Department of Energy (DOE) grid resiliency rule that 11 power trade groups—representing natural gas, wind, solar, public power, and power consumers—worry could have serious ramifications for competitive markets because it favors coal and nuclear. The groups filed a joint motion on […]

The rapid adoption of electric vehicles (EVs)—both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs)—is expected to transform global electricity consumption through 2040, three

Construction Scheduled for Hydrogen Fuel Cell Plant in South Korea. Hanwha Energy  on August 25 approved formation of a subsidiary,  Daesan Green Energy , to build a 50-MW hydrogen fuel cell plant in the

A rule proposed by the U.S. Department of Energy (DOE) on September 29 directs the Federal Energy Regulatory Commission (FERC) to mandate that competitive power markets develop and implement market rules to “accurately price” what it calls “fuel-secure” generation. The DOE’s “Grid Resiliency Pricing Rule” directs FERC—an independent regulatory government agency that is officially organized as […]

California’s legislature last week wrapped up its 2017 session without authorizing the broad expansion of the California Independent System Operator (CAISO) into other Western states or passing a zero-carbon bill, which would have put the state on a path to 100% clean energy by 2045. It did, however, succeed in passing bills to encourage development […]