The UK energy bill, unveiled today, does not specify details on 'strike prices' – the financial support levels to be available to low-carbon generation. Strike prices are of central importance under the planned contract for difference (CfD) regime, aimed at incentivising new-build capacity by guaranteeing operators a steady return of the plant's lifetime.
Two of GE's Jenbacher gas engines have been installed to power the first LNG-fuelled drilling rigs in the Marcellus Shale region of Pennsylvania. Seneca Ressources Corp. converted the power plants of two existing diesel-powered rigs to use cleaner-burning LNG in GE's 1-megawatt Jenbacher J320 turbocharged natural gas engines.
The Beijing government has stepped back from interfering with pricing of coal as a fuel for power stations, adopting a hands-off approach following a 25 percent drop in the price of the fuel. This move may herald a liberalisation in the tight electricity tariff regime which would prompt investment in more gas generation for peak-load power demand.
The GT26 and GT24 gas turbines offer greater flexibility to suit today's dynamic power markets like the UK. Improved fuel flexibility, flexible operation modes, and unique low load operation capability are achieved through sequential combustion, says Alexander Bill, service manager at Alstom's Power Division.
The BRIT countries – Brazil, Russia, [India] and Turkey – are what E.ON Generation has singled out as growth markets.
"Europe is still our core market but we are not seeing the greatest growth in this area at the moment. You might want to call the UK 'an exception', but it is the BRIT countries that we at E.ON target as growth markets," Jim Lightfoot, director fleet management Gas CCGT at E.ON Generation told Gas to Power Journal in an interview.
Energy trade between the United States and Canada has exceeded $100 billion dollars in 2011, with the two countries forming the world's largest integrated energy market, according to the US Energy Information Administration (EIA).
A strike, called by the French union CGT for Wednesday, is meant to halt production at E.on's French coal- and gas-fired power plants with a combined output of 3,000 MW, according to union officials.
Louisiana Generating, a wholly owned subsidiary of NRG Energy, Inc., will convert one of the three units at the Big Cajun II Electrical Generating Station from coal to natural gas in compliance with tightened environmental requirements.
A 'dash for gas' strategy to bolster investment in new power plant capacity will be unveiled over the coming ten days as the UK government will reveal details over capacity payment mechanisms. A gas generation strategy will be published alongside the Chancellor’s Autumn Statement on December 5.
Centrax Gas Turbine technicians from the UK are preparing to install and commission 17 generating set packages to power an expansion of production at three major oil fields in Russia.
Persistently negative profit margins for generating electricity will lead to the closure of 14 GW of thermal power plants in Germany by 2015, pushing up power prices, Deutsche Bank analyst Mark Lewis forecasts.
South Korean utilities are stepping up gas imports in an effort to avert the risk of power cuts following the shut-down of nuclear reactors. South Korean Prime Minister Kim Hwang-Sik reiterated a warning, highlighting the risk of possible power shortages and rolling blackouts triggered by forecast of a harsh winter.
The British government has published details of its long-awaited Energy Bill, postponing setting a carbon target until 2016. Power producer were given the green light to charge household customers an extra £7.6 billion, to go towards low-carbon electricity infrastructure by 2020.
Utilities in Germany can trigger some power price upside if they embark on a "conspicuous plant retirement programme", French investment bank Societe Generale said in a report, suggesting E.on has been "the first utility to blink".