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.
Genalta Power and Shell Canada have agreed to build a produced-gas-to-power plant that will make use of the gas associated with Shell's bitumen production in an effort to reduce gas flaring at its Peace River oil sands leases.
Japan's imports of liquefied natural gas have hit a monthly record of 8.23 million tonnes in January amid strong demand for gas-to-power generation to in replacement for closed nuclear plants.
Though discarding today's warning of the UK energy regulator Ofgem's on tightening reserve margins as "alarmist", IHS energy analysts suggest the Government should provide greater clarity on regulatory incentives for new low-carbon generation capacity.
The US Court of Appeals for the District of Columbia Circuit has ruled that the US Federal Energy Regulatory Commission (FERC) had acted lawfully when approving a capacity market rate structure for ISO New England.
The environment committee of the European Parliament has deferred a vote on backloading up to 900 million carbon emissions allowances by one week, prompting a plunge in carbon prices.
Britain's energy supply is in jeopardy as available power generation capacity is on "a roller-coaster ride heading downhill", said Ofgem chief executive, Alistair Buchanan, in a stark warning that the combination of power plant closures, shrinking gas supply availability and rising energy demand has made reserves margins "uncomfortably tight".
Siemens Energy expands gas turbine sales to the US market with the latest contract win to install an SGT6-2000E gas turbine at a simple-cycle power plant owned by Oklahoma Municipal Power Authority (OMPA).
Withdrawing carbon emission allowances (EUAs) in the third phase of the European Emissions Trading System (EU ETS) could help improve the profit margins of gas-fired power plants in Europe, suggests Torsten Amelung, Managing Director of Trading, Origination & Business Development at Statkraft Markets.
Spain's power producers are calling for new regulatory support mechanisms to help cover investment costs of existing fossil plants. "It is vital to establish a mechanism to reward the backup service of existing gas-fired plants, particularly because the current Spanish regulation does not allow the closure of loss-making units," says Carmen Vindel, Head of International Regulation, Gas Natural Fenosa.
Power group Ipsa has postponed the closure of a sale agreement for its remaining two Siemens Westinghouse W701 DU gas turbines until the end of this month, after the prospective buyer – a Malaysian power development company – walked away from an $31-million offer.