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Europe: +44 (0) 207 198 1634 Source: U.S. Energy Information Administration, based on SNL Energy Wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, driven largely by lower natural gas prices. Because natural gas-fired generation sets the marginal price in many markets, wholesale electricity […]
Equities and the Economy And the pain continued. U.S. stocks had their worst day in three months yesterday marking the worst start to a new year for the S&P 500 and Dow Jones ever. Yes in history! On the heels of the Chinese stock market being halted for trading for the second time this week […]
Getting to 100% renewable energy in the US by 2050 is a goal that is gaining traction among the US public. Reports from many environmental organizations have been written on how to get to this target, including from Greenpeace and the World Wildlife Foundation. After last year’s COP21 conference, the momentum has gotten stronger in […]
Source: Bloomberg L.P. The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015. Weakness in global economic growth contributed to the overall decline in […]
Wind generation in November blew through a 31-month-old record share of total energy in the Electric Reliability Council of Texas, a new report shows, and an expert said it contributed to ERCOT’s low on-peak power prices that month. Wind farms supplied 18.4% of the independent system operator’s total load in November, compared with October’s 12.3%, […]
LE BOURGET, France — With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change. The deal, which was met with an […]
FERC puts renewables at 17.4% of total installed U.S. generating capacity, including 8.59% hydro, 5.91% wind (68,830 MW), 1.43% biomass, 1.13% solar (13,180 MW), and 0.34% geothermal steam. No new nuclear capacity was added in 2015, and only 9 MW of oil and 3 MW of coal. Because of differing capacity factors, the U.S. Energy Information Administration (EIA) […]
Renewable energy has long been seen as the energy of tomorrow – widely praised for its low carbon qualities but seen as too expensive compared to traditional forms of energy such as coal and gas. But new research says that the cost of generating electricity from onshore wind is cheaper today than coal and gas […]
Source: U.S. Energy Information Administration, Electricity Monthly Update The monthly natural gas share of total U.S. electricity generation surpassed the coal share in July for the second time ever, with natural gas fueling 35.0% of total generation to coal’s 34.9% share. Compared to the previous July, coal-fired generation fell in every region of the country, […]
Equities and the Economy Good morning. U.S. equities continued their rally from their test last Friday of the August 24th “flash crash” low with the Dow adding another 122 points, 0.73%, closing at 16,912, the S&P 500 added 16, 0.81%, finishing at 1,996 and the Nasdaq climbed 43, 0.90%, to 4,791. Yesterday’s higher close was […]
