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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.

Price 476
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DOE awards $56.5M to 32 coal technology projects

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million in federal funding to 32 cost-shared research and development (R&D) projects for advanced coal technologies and research under six separate funding opportunity announcements (FOAs). The first funding opportunity award is for $10 million for ten projects under DE-FOA-0001992, Maximizing the Coal Value Chain.

Coal 247
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

Emissions 370
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Researchers calculate social cost of German nuclear phase-out at $12B/year; 70% from increased mortality risk

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In a working paper for the National Bureau of Economic Research (NBER), a team from UC Berkeley, UC Santa Barbara and Carnegie Mellon University (CMU) calculate that the social cost of the phase out of nuclear electricity production in Germany is approximately $12 billion per year.

Cost Of 268
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EIA: US electricity generation from coal and natural gas both increased with summer heat

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In August 2012, coal produced 39% of US electricity, up from a low of 32% in April 2012, when the natural gas share of generation equaled that of coal. The August coal share of generation is still notably lower than the 50% annual average over the 1990-2010 period. Other plants use PRB coal transported by rail.

Coal 236
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. If the steel industry were a country, its carbon emissions would rank third in the world behind China and the United States.

Coal 360
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices. As a result, investment decisions are becoming increasingly complex.

Price 416