A boom in new-built solar capacity Germany, with up to 3,000 MW of new-built capacity in a single month, proves detrimental for gas-fired power generation capacity. "Feed-in tariffs and 'insanely over-funded' renewable energy supply is the fundamental flaw in Germany's energy transition, says Helge-Jürgen Beil, Vice President Asset Origination, Statkraft Markets GmbH.
For power producers to prefer gas over coal as a fuel for power generation the price of carbon emission allowances would have to rise to €40-50/ton, Thijs van Hittersum, Natural Gas Analyst, International Energy Agency said at a conference organised by Gas to Power Journal in Brussels today.
Regulatory interventions such as the proposed backloading of up to 900 billion carbon emission allowances (EUAs) into the third phase of the ETS is, however, in his view "most likely not sufficient to solve the oversupply situation in the carbon market."
Siemens has won a contract to supply a single-shaft power island with a H-Class turbine, with up to 61% operational efficiency, to power Cengiz Enerji's proposed gas-fired combined-cycle power plant (600 MW) in Samsun, Turkey.
In an interview, Mete Maltepe, General Manager at GE Power & Water – Turkey, told Gas to Power Journal that the company has invested approximately $500 million in Turkey to date, with a further $900 million planned over the next three years. This includes the provision of turbines to various gas to power projects such as the new plant in the Erzin district operated by Akenerji, the Egemer Elektrik Uretim A.S. (Egemer), and the cogeneration plant at Bursa, operated by Bis Enerji Elektrik Uretim AS.
The Mississippi Senate has approved two bills (HB 894 and HB 1134) already passed by the state's Lower Chamber which will help Mississippi Power Co. recover costs from its coal gasification power plant project.
Exploitation of the UK's significant shale gas resources is unlikely to result in low natural gas prices, as high costs and slow exploration rates are unlikely to offset the need to import gas for power generation.
Unless Germany introduces measures to curb the costs of renewable feed-in-tariffs, the price tag for its energy transition policy (Energiewende) may amount to up to €1 trillion by the end of the 2030s , German environment minister Peter Altmaier warned.
The UK government will make best use of new powers in the Energy Bill to enforce energy regulator Ofgem's retail market reforms, Prime Minister David Cameron said Thursday.
PG&E Corporation posted a slight year-on-year rise in the total cost of electricity generation from 4,016 million to 4,162 million in the annual 2012 report, while the costs of natural gas fell from 1,317 million to 861 million.
Following completion of its S$1 billion ($860 million) second stage repowering project, Singapore's Senoko Energy believes it is now in an advantageous position for selling power to consumers at competitive prices.
Speculators are taking advantage of regulatory uncertainty and subsequent price volatility in the European Emissions Trading System (EU ETS). "The carbon market is 'broken' in that it is driven by regulation, and not by fundamentals," French investment bank Société Générale suggests.
To help meet peak-load power demand, Montana-Dakota Utilities Co. will install a GE 7E 3-Series gas turbine in a unit adjacent to its coal-fired Heskett Generating Station near Mandan in North Dakota, U.S.
Iran has announced the operational start-up of a gas-fired combined-cycle power plant, located in Yazd in central Iran, as part of government plans increase electricity exports to neighbouring countries.
Siemens Energy has won a contract to supply turbo compressors and mechanical-drive gas turbines for a project to improve output at the Petronas Bintulu LNG Plant in Sarawak, East Malaysia.
Drax Group said it is on track with works to convert half its power generating capacity from coal to wood pellets and other environment-friendly fuels such as natural gas, as new EU levies on burning coal threaten operational profits at Britain's largest coal fired plant.