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.
The political tide in Berlin is turning in favour for a strategic reserve, ideally implemented on a regional level, though there is no sense of urgency as reserve margins are healthy until 2018/19, Franzjosef Schafhausen, Head of Department for Energy at the German Federal Environment Ministry (BMU) said in a keynote speech at Gas to Power Journal's conference in Düsseldorf. "What we need is an evolution, not a revolution towards a capacity mechanism."
Western European electricity producers will benefit from the unification of the European Electricity Market by 2020, a report by GBI Research has predicted. Expanding cross-border electricity trade has implications for renewables-dependancy, in countires like Germany, where it can help to backstop intermittent renewable power supply.
Georgia Power, owned by US multi-state utility Southern Company, plans to increase its base rates in the state of Georgia to buoy on-going investment in smart grid technology, such as metering, and environmental compliance.
Electricity generated from wind, solar, hydro and other renewable sources worldwide will surmount that from natural gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) forecast its second annual Medium-Term Renewable Energy Market Report (MTRMR).