The stark drop in natural gas prices from an all - time high of more than $ 15 per 1,000 cubic feet in 2005 to near $ 4 today results from a range of factors including the global economic downturn,
competitive coal prices, unusually warm winters, the improvement of hydraulic fracturing («fracking») drilling techniques, and the production of natural gas as a byproduct when drillers frack for petroleum.
Not exact matches
Solar pv has dropped 70 % in cost in the last 6 years and has become
competitive with
coal (which is dropping in
price as commodity) making it more and more expensive to get out of the ground.
Combination of economic trends and policies Still, for now an array of Obama administration actions and economic trends are conspiring to cut emissions, according to EIA: Americans are using less oil because of high gasoline
prices; carmakers are complying with federal fuel economy standards; electricity companies are becoming more efficient; state renewable energy rules are ushering wind and solar energy onto the power grids; gas
prices are
competitive with
coal; and federal air quality regulations are closing the dirtiest power plants.
In fact, gas
prices would have to increase fivefold, to an average $ 10 per million Btu over the life of a power plant, for
coal to become
competitive again, the report notes.
Yet the analysis shows that even with higher gas
prices,
coal plants still fail to be economically
competitive under the new greenhouse gas rule, which requires that fossil plants not exceed emission rates of 1,000 pounds of CO2 per megawatt - hour.
At that
price,
coal, natural gas, nuclear and renewable electricity sources like wind become roughly cost -
competitive, Moniz says.
Adding a
price on carbon emissions at even a «modest» level of $ 25 per ton would make new nuclear energy
competitive with
coal and natural gas even if the risk premium remains, the MIT study concludes.
Eliminating this financial risk premium makes nuclear power levelized electricity cost
competitive with that of
coal, and it becomes lower than that of
coal when a modest
price on carbon dioxide emissions is imposed,» the report says.
If new plants can be built on time and on budget, the risk premium could fall, bringing the
price of power from new plants down to 6.6 cents per kilowatt - hour —
competitive with gas and
coal — the report says.
Even without the environmental drive, new railways from mines to ports, falling investment in
coal - fired generation and slowing power demand growth could see China's miners export some of their surplus output at
competitive prices, hitting regional miners and the viability of new projects.
By calling for re-energizing CCS development, PCAST is making two judgments: 1) that the
coal industry is highly likely to remain
competitive even as it complies with EPA restrictions on emissions of SOx, NOx, Hg, and other toxics; and 2) that a substantial
price on carbon is highly likely to arrive in a time frame of relevance for a CCS development effort.
To locate
Coal City Ford dealers with the most
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One company's
coal plant may be more or less
competitive to another company's solar plant depending on
coal prices, for example.
That, in turn, would create the mass markets and economies of scale for renewables that would bring down their
prices and make them
competitive with
coal and oil.
Recently, with natural gas
prices declining and
coal prices rising, dispatching natural gas generators in some parts of the country has become increasingly
competitive with running
coal generators.
Koch informed his audience that «
coal is relatively low in
price, that oil has been «pretty cheap» until recently and that there is an abundance of natural gas, available at a
price almost
competitive with
coal,» the Palm Beach paper reported.
Depending on location, this alternate is cost
competitive with today's
coal price (no carbon tax needed), so there would be no net cost disadvantage for going this route (i.e. it makes economic sense).
The preferential tariff — the
price that China's two state - owned electricity transmission and distribution companies will pay energy companies for their solar power — aims to make solar power
competitive against traditional fuels, such as
coal, which accounts for two - thirds of China's electricity.
We need to get it at a
price that is
competitive with
coal, or we will stick with dirty
coal.
If it were possible for wind turbines to produce electricity more cheaply than
coal - fired power stations, it wouldn't be necessary to push electricity
prices up to make them «
competitive».
Meanwhile in energy supply, the costs of renewable energy technologies are tumbling, and with a carbon
price are likely to become cost
competitive with
coal and gas fired power.
New wind and solar is now 20 % cheaper than existing
coal - fired generation's average wholesale power
price, and 65 % of India's
coal power generation is being sold at higher rates than new renewable energy bids in
competitive power auctions.
The
price for solar panels has fallen 66 percent since 2006, and the cost of solar - generated power may be
competitive with
coal in a few years, according to a study by UBS.
In the last few years it has made even less given the rapid fall of oil,
coal, and natural gas
prices, which have made «green energy» even less economically
competitive with fossil fuels than it already was.
Suppose that the government set the
price of carbon at a sufficiently high and increasing level that it would guarantee that one or more renewable technology was cost
competitive with
coal.
Fuel switching will be discouraged and
coal - fired power plants will be
competitive with natural gas power plants when the
price of natural gas is between $ 3.00 and $ 3.50 per million BTU.
While the war on
coal in the United States has taken its toll, with the closure of over 250
coal - fired power plants, and a resulting increase in what people pay for their electricity, the
price of natural gas will likely rise to where
coal will be
competitive.
Coal is highly
competitive with its low
prices, dispatchability, and baseload compatibility.
As cold - weather demand for gas caused the
price of natural gas to increase,
coal became more
competitive in the market and was dispatched earlier in the resource stack.
I reported at the time that the surface - mined
coal was «transported 780 miles by rail to Vancouver, shipped down the Pacific Coast, through the Panama Canal and across the Caribbean to Massachusetts,» at a
price competitive with Appalachian
coal.
If we truly understood those costs, and could
price them, the odds are good that solar would not only be
competitive with
coal, but actually outperform
coal.
Such optimism is justified, adds the Governor, «because of the incredible rate of technological innovation: the
price of solar panels and wind [turbines] is coming down dramatically, in many places today solar energy is
competitive with
coal - based power and is continuing to drop.
Note also that
coal pricing is not open information; it is considered
competitive data that is not for public knowledge.