Many of these plants are struggling to compete
with cheap natural gas and renewable energy in power markets, and granting them cost recovery would keep them from retiring, the agency argued.
This pressure, combined with the boom
in cheap natural gas, has dealt a one - two punch to the coal industry, significantly lowering our CO2 emissions.
They compete with cheap coal and currently, with very
cheap natural gas for a place in the electricity market.
They are in danger of shutting down
because cheap natural gas has damaged their ability to compete in the energy marketplace.
Many utilities have in recent years turned away from coal
toward cheaper natural gas - as well as solar and wind - contributing to a steep decline in carbon emissions.
The controversial finding contradicts recent studies that say the power sector's shift away from coal to
cheap natural gas caused the bulk of reductions.
That said, we have seen a bunch of plants basically killed by the same thing that's killing coal plants,
namely cheap natural gas.
Coal production would ramp up as coal - fired plants are being phased out in favor
of cheaper natural gas and carbon - free renewable energy.
Between 2008 and 2016, national coal production dropped by approximately 37 percent, a decline that analysts have attributed to both environmental regulations and competition
from cheap natural gas and alternative energy sources.
Saudi Basic, the Middle East's dominant chemical maker, said on Saturday that it wants to build a Houston headquarters for its Western Hemisphere operations as the company capitalizes on the surge in
cheap natural gas supplies from North American shale fields.
Pipkin is a critic of Gov. Martin O'Malley's push to develop wind farms off the state's coast, arguing that
cheap natural gas makes such ambitious projects unnecessary.
Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure
as cheap natural gas from shale fields in recent years has been driving down electricity prices.
Environmental concerns led President Obama to institute more stringent regulatory requirements,
while cheap natural gas created intense competition.
In the US, where power generation from coal has fallen by 38 % in volume since 2007, the availability of
cheaper natural gas brought about by the boom in shale gas production has caused significant switching from coal to natural gas in the power sector.
From the Harvard School of Engineering and Applied Sciences Reduction in U.S. carbon emissions attributed to
cheaper natural gas Lower emission from power plants in 2009 was driven by competitive pricing of natural gas versus coal Cambridge, Mass. — February 27, 2012 — In 2009, when the United States fell into economic recession, greenhouse...
In last week's Energy Trends Insider our featured stories were How to Acquire Accurate Energy Data and Statistics, Investment Opportunities in Indian Energy Infrastructure, and a Subscriber Question
on Cheap Natural Gas — A Threat to Chemical and Biofuels Producers.
Amid cheap natural gas prices and established wind farms in much of the solar - friendly regions, solar panel arrays are proving a tough sell.
She also toured Three Mile Island, walking viewers through
how cheap natural gas is shutting that plant down when one of the worst nuclear accidents in history could not.
As
cheap natural gas squeezes the margins of nuclear generators, there's only one company currently building reactors in the country — Southern Co., at its Vogtle plant in Georgia.
The proposal comes as nuclear facilities across the country feel the financial pressure of
cheap natural gas produced by the fracking boom and after Entergy has already decided to close its Vermont Yankee facility for economic reasons.
Having banned hydraulic fracturing, New York's Governor is now blocking a pipeline to
deliver cheap natural gas to New York and New England.
Across the dusty 1,954 - mile border between Mexico and the United States, international companies are gearing up to spend more than $ 10 billion on thousands of miles of steel tubes
carrying cheap natural gas from Texas to hungry markets on the other side of the Rio Grande.
The group totted up emissions reductions likely to result from action taken by states and cities, and cuts that will occur through market forces as a glut of
cheap natural gas encourages power utilities to burn gas instead of coal — which emits far more for the same amount of energy generated.
By Alysha Webb, Editor and
Publisher Cheap natural gas may be good for the U.S. economy as a whole, but it has made life more difficult for Stephens Auto Center, located in the heart of West... Read more
Enbridge's strategic realignment underscores the sweeping changes taking place across the energy industry, as incumbent giants adapt to
persistently cheap natural gas, increasingly competitive renewables, and growing pressure to decarbonise.
Regulation of carbon emissions from the power sector under provisions of the Clean Air Act depends almost entirely on the Environmental Protection Agency's determination that
cheap natural gas generation is the «best available» alternative to coal power plants.
I'm sure Matt justifies this not because he wants to help oil producers but because
cheap natural gas crushes «green» energy alternatives like wind and solar.
It has all the hallmarks of a new industry with ups and downs, but it is clearly here to stay — even with
cheap natural gas coming from hydraulic fracturing (fracking) in shale formations.
The project has been plagued by billions of dollars in cost overruns, stagnant demand for electricity, competition from
cheap natural gas plants and renewables, and the bankruptcy of Westinghouse Electric, the lead contractor and the designer of the AP1000 reactor that was supposed to be the foundation of a smarter, cheaper generation of nuclear power plants.
Does cheap natural gas undermine the deployment of carbon - free energy sources such as wind, solar and nuclear?
Countering concern that
cheap natural gas undercuts the deployment of renewables, wind and solar have seen rapid growth in recent years thanks to federal tax incentives, state mandates and other subsidies.