Without that added compensation, many nukes have trouble competing with gas - fired power plants, which benefit
from low natural gas prices.
Not exact matches
Coal mining jobs are declining partly because
low natural gas prices have cut coal's market share
from 50 percent in 2000 to 30 percent in 2016.
We estimate that
low natural gas prices and state policies that move utilities away
from coal are savings tens of thousands of lives and tens of billions of dollars each year.
All the while, the industry thrived financially under a combination of high oil
prices,
low natural gas prices (a major input cost), recession - induced relief
from cost inflation and a reduced cost of capital as majors and foreign national oil companies gobbled up wobbly juniors.
The
low natural gas prices caused coal's share of the power grid to fall
from 42 % in 2011 to 37 % in 2012.
Results
from the first round results of Alberta's Renewable Electricity Program were record - breaking, with the
lowest wind power
prices in Canadian history, making them competitive with
natural gas power
prices.
She suggested shipments of oil
from Alberta and B.C.
natural gas traversing Alberta could be on the chopping block, and had no firm answer about what Horgan's NDP government would have to do to provoke such a last - resort retaliation, a nasty flash of trade warring that could send
Lower Mainland gasoline
prices skyward.
Shell Oil has more excess profit at its disposal to fund future dividend growth than AT&T does (although AT&T is a non-cyclical stock that can rely upon steady cash flow
from which to pay shareholders each year, whereas Royal Dutch Shell is an oil company that experiences
low profits for 2 - 3 out of every ten due to the cyclical nature of oil and
natural gas prices).
He wishes the plan came along two years ago, when Upstate nuclear plants started struggling to compete with
low -
price power
from natural gas plants.
The campaign for new nuclear projects has run into depressed electricity demand due to the recession and the prospect of competition
from low -
priced natural gas from shale deposits.
Further, there are hopes for relatively
low - cost
natural gas to revive U.S. industries —
from steel to plastics — that could take advantage of current
prices, which by world standards are cheap.
Current
prices for
natural gas are
low, but
natural gas prices have historically suffered
from significant volatility.
Low natural gas prices plus BP's Gulf of Mexico disaster made the well - capitalized firm an opportunist in securing low - cost, liquid - heavy assets from distressed selle
Low natural gas prices plus BP's Gulf of Mexico disaster made the well - capitalized firm an opportunist in securing
low - cost, liquid - heavy assets from distressed selle
low - cost, liquid - heavy assets
from distressed sellers.
Shell Oil has more excess profit at its disposal to fund future dividend growth than AT&T does (although AT&T is a non-cyclical stock that can rely upon steady cash flow
from which to pay shareholders each year, whereas Royal Dutch Shell is an oil company that experiences
low profits for 2 - 3 out of every ten due to the cyclical nature of oil and
natural gas prices).
-- If
natural gas prices were to rise
from their depression - like
lows, HAWK could experience a significant boost in demand for its services.
The decline of that industry and related employment has been caused by technological changes in mining, and competition
from low -
priced natural gas for electricity generation, not by environmental regulations.
Among other things, Obama needs to spell out more clearly how he plans to clamp down on leakage
from natural gas production, sustain investments in basic energy research despite
lower energy
prices and also overcome barriers to the deployment of non-polluting energy technologies.
Indeed, just this week, a Saudi - backed consortium placed an astonishingly
low bid to build a solar farm in Dubai for only 3 cents / kWh, half the local
price of power
from natural gas.
Replacing electricity
from Taiwan's operational and mothballed nuclear plants with
natural gas would cost $ 2.85 billion per year for the
natural gas purchases alone, at current
low prices.
Increased demand
from the electric sector, with
low -
priced natural gas burn totaling about 2,600 Bcf
from April through June of 2012, up 27 %
from just over 2,000 Bcf burned during the same period in 2011.
Clean - burning
natural gas is an affordable and reliable source of energy that, along with increased energy infrastructure, could protect consumers
from energy
price volatility, benefit American workers, and improve the environment with
lower emissions.
Expanded generation
from renewables, rising
natural gas prices, and static CPP targets in the post-2030 period in the CPP case allow existing coal - fired plants to operate at a higher utilization rate which rises
from a
low of 60 % in 2024 to 71 % in 2040.
There is evidence that the Midwest is steadily decarbonizing its electricity generation through a combination of new state - level policies (for example, energy efficiency and renewable energy standards) and will continue to do so in response to
low natural gas prices, falling
prices for renewable electricity (for example, wind and solar), greater market demand for
lower - carbon energy
from consumers, and new EPA regulations governing new power plants.
Lower natural gas prices resulted in reduced levels of coal generation, and increased
natural gas generation — a less carbon - intensive fuel for power generation, which shifted power generation
from the most carbon - intensive fossil fuel (coal) to the least carbon - intensive fossil fuel (
natural gas).
In 2012 a paper
from Yale estimated that in 2010 alone, when the spot
price of
natural gas averaged $ 4.37 / MMBtu,
lower natural gas prices were adding over $ 100 billion a year to the US economy.
Existing U.S. nuclear power generating plants operate under increasingly competitive market conditions brought on by relatively
low natural gas prices, increasing electricity generation
from renewable energy sources, and limited growth in electric power demand.
Natural gas prices and
price volatility have been relatively
low ever since then — largely thanks to abundant domestic production
from shale and other tight - rock formations.
In the energy markets, he said, «
prices have been very
low,» thanks to
natural gas from shale deposits, and the market is «doing the job markets were intended to do.»
The recent
low prices for
natural gas and oil appear likely to continue for at least decades and possibly even longer due to the new technology for extracting
natural gas and oil
from shale rock.
Natural gas production from domestic shale gas formations began to rapidly increase starting in 2005, which has led to a relatively sustained period of low natural gas
Natural gas production
from domestic shale
gas formations began to rapidly increase starting in 2005, which has led to a relatively sustained period of
low natural gas
natural gas prices.
A recent report
from the Institute for Policy Integrity shows that the rapidly falling cost of renewable energy technologies (wind and solar, but not only wind and solar), coupled with the stubbornly
low price of
natural gas, mean that CPP compliance is likely to be cheaper than anyone projected.
The
low price of
natural gas has helped it replace coal as the largest source of power generation in the United States, which is good
from an emissions perspective.
The
price of a thousand cubic feet of
natural gas at the wellhead dropped
from $ 10.79 in July 2008 to as
low as $ 1.94 in May 2012.
Other states have not been so direct, but nonetheless, coal plants have been shutting down in droves even as multiple nuclear plants have also opted to wind down operations in the past five years, citing difficult market structures and competition
from low -
priced natural gas.
Rising production
from shale
gas resources has been credited with both
lower natural gas prices and declining dependence on imported
natural gas.
The CPUC therefore set California's per kilowatt - hour electricity payment to generators of renewable energy projects of up to 20 megawatts at the
lowest estimated
price a utility would have to pay to obtain power
from a new, industry - standard
natural gas plant.
Besides adding locational benefits to the avoided cost, it shifted the definition of avoided cost
from the
lowest estimated
price a utility would have to pay to obtain power
from a new
natural gas plant to the
lowest estimated
price a utility would have to pay to obtain power
from a comparable resource.
But if clean tech developers look with envy at
low natural gas prices, they should also take a lesson
from the path the shale
gas industry took to achieve commercial maturity.