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.
Unless electricity market in India are deregulated and prices become competitive, operators will be hard pressed to make a profit from gas-fired power plants assets when considering the higher costs for imported LNG.
The New York State Public Service Commission has given the green light to Cricket Valley Energy Center LLC, an affiliate of Advanced Power, to build a proposed 1,000 MW power plant in Dutchess County.
The LNG offtake of Japanese utilities rose 2.5 percent year-on-year in January to 5.32 million tonnes, with 5.16MT of the total used a fuel to generate power.
Mitsubishi Heavy Industries (MHI) has been commissioned to install 4 sets of a 700 MW class supercritical pressure steam turbine, generators and boiler components at a large-scale oil-fired power plant (2,800 MW) to be built by Saudi Electric Company (SEC).
Keeping existing fossil capacity in the market will "prove to be difficult" and many European utilities "will abstain from investing" in new plants without capacity mechanisms as long as the current market situation with low electricity demand, low CO2 prices and relatively high gas prices persists, forecasts Jørgen Kildahl, member of the Board of Management at E.ON SE.