Four of Japan's 10 main regional utilities today applied for permission to restart 10 nuclear reactors in a move set to curtail LNG imports for gas-to-power generation and reduce electricity prices.
Officials in Ontario's provincial energy ministry are having to face questions from a Standing Committee on Justice Policy, reviewing its decisions in 2010-2011, when it cancelled two gas-fired plants and paid C$585 million in compensation from public funds to financial backers. Dalton James Patrick McGuinty led the ruling party of Liberals as Premier until his resignation over the scandal.
Robert Bradley, CEO of The Institute for Energy Research (IER), has denounced the US President's Climate Action Plan for its subsidies for clean coal. "The new proposal would throw good money after bad," he said. "Not only is taxpayer money being wasted, businesses are being enticed into investments that are costing their shareholders dearly as real-world experience shows."
Reacting to a "rapid structural change in the energy sector", the German utility EnBW has decided to shut-down four fossil power plants with a combined capacity of 668MW. It will furthermore mothball steam plant RDK-4 as the plant is "hardly being utilised and is consequently unable to cover its full costs".
Diminishing price spreads between peak and off-peak load, and a flattening seasonal profile of price differentials have emerged in Germany as a consequence of the expansion of renewables, says Dr. Kathrin Thomaschki, Vice Chair of the Ruling Chamber 6, Access to Electricity Grid at the German Federal Energy Regulator (BNetzA).
A new $182 million REO Town Cogeneration Plant (100MW) has started full commercial operation in Lansing, Michigan in replacement of coal-fired thermal capacity, said the owning public utility, Lansing Board of Water and Light (BWL).
Danish Dong Energy has agreed to sell its Norwegian gas-fired power plant in Mongstad to Statoil for 1.8 billion Norwegian kroner, equivalent to 229 million euros.
Competition in Europe's energy sector is shrinking and investment has stalled amid growing regulatory intervention in the market, Olga Mikhailova, Advisor Market Units at Eurelectric warned at Gas to Power Journal's conference in Düsseldorf.
"The European energy sector is unable to invest, as credit rating of utilities is deteriorating and most generation assets are valued at close to zero by financial investors," she said, suggesting regulatory risk has become the main cause of concern, overtaking market risk.
DEWA, Dubai's state-owned utility, is getting ready to seek financing for the expansion of its gas-fired M Station facility, says chief executive officer, Saeed Al Tayer.
US coal receiving markets like the Netherlands and China are expected use more coal for power generation. Imports of US coal around the world increased 14 percent in the first quarter of 2013, driven by low global coal prices as US power producers prefer to utilise the abundant domestic shale gas production, data from the US Energy Information Administration (EIA) shows.
The second attempt to fix the European Emission Trading Scheme (EU ETS) proved successful, as Parliament on Wednesday voted in favour of the Commission's proposal to postpone, or "backload", the release of 900m allowances the third phase of the ETS (2013-2020).
GE and its manufacturing partner, Nanjing Turbine & Electric Machinery (NTC) agreed to supply two gas turbines to Guodian Dianli's Nanxun industrial cogeneration power plant in China's Nanxun development zone.