Former Vice President and presumptive Democratic presidential nominee Joseph R. Biden, Jr. this week released an outline of his wide-ranging clean energy plan that includes $2 trillion of investments in everything from infrastructure and transit to housing and agriculture. Biden says the plan is designed to spur job growth, drive American innovation, and “build a […]
Forbes Ranks EVA Among Top Energy Consulting Firms in 2020
In its annual ranking of management consulting companies, Forbes ranked EVA as one of the leading firms in the Energy and Environment category. The rankings are based on surveys of more than 7,500 partner or executive level consultants and more than 1,000 senior executives who have worked with firms in the consulting industry. EVA is honored […]
COVID-19 and Mild Weather Combine to Suppress Electricity Demand
COVID-19 and Mild Weather Combine to Suppress Electricity Demand Electricity demand in the continental U.S. since the beginning of the year has been sharply lower than during the same period in 2019, though the response to the ongoing COVID-19 virus pandemic is only partially to blame. Demand across the six largest centrally-dispatched markets – PJM, […]
COVID-19 and Possible Economic Demand Destruction
Let’s talk about the 6-ton elephant in the room, economic demand destruction. The ongoing COVID-19 pandemic and simultaneous oil price war have joined forces to drive a sector-wide commodity sell-off. As cities and states across the U.S. have begun issuing unprecedented measures to contain the spread of the virus (today, Governor Cuomo of New York […]
EVA Expects Coal Burn to Reach 470 Million Tons in 2020
NATIONAL TAKE-AWAYS After a warmer-than-expected winter, natural gas is expected to continue to take market share from coal resources through 2020. EVA’s March 2020 Gas & Coal Price Sensitivity Outlook draws the following high-level conclusions: January coal burn dropped by nearly 20 million tons YoY, the largest monthly drop recorded in recent history. Weak electricity […]
Pain in the Permian: Renewable Edition
Pain in the Permian: Renewable Edition On March 8th, global oil prices fell by the largest amount since the 1991 Gulf War as Saudi Arabia abruptly ended its agreement with Russia to regulate prices through coordinated production cuts. The move sparked fears of a price war and came amid price declines caused by the COVID-19 […]
New York State Gears Up For Critical Fight Over Renewable Siting
On February 21st, 2020, New York Governor Cuomo announced a 30-day budget amendment that would “dramatically speed up the permitting and construction of renewable energy projects.” The Accelerated Renewable Energy Growth and Community Benefit Act at this stage has two main mechanisms. The first is to effectively bypass the burdensome Article 10 Permitting Process by […]
EVA Statement to Clients on COVID-19
March 18, 2020 To Our Valued Clients, As the world deals with the ongoing Coronavirus (COVID-19) outbreak we want to inform you that Energy Ventures Analysis, Inc. (EVA) remains open for business and is committed to our clients. To ensure the health and well-being of our clients, employees and their families, we have instituted our […]
Pennsylvania Governor Pushes to Join RGGI
Pennsylvania makes strides towards joining regional carbon cap-and-trade program On October 3, 2019, Pennsylvania Governor Tom Wolf (D) issued an executive order directing the state’s Department of Environmental Protection (DEP) to develop a proposal to limit power sector carbon emissions consistent with the Regional Greenhouse Gas Initiative (RGGI), a multi-state cap-and-trade program intended to reduce […]
Jan-Feb 2020 Liquefied Natural Gas Market Highlights
The January-February 2020 Liquefied Natural Gas (LNG) market saw a lot of gas and not a lot of buying. Here are some of the dynamics we’re watching as the month comes to an end: Prompt Month Spot Price Dynamics The JKM LNG index for March LNG deliveries to Northeast Asia averaged $4.08/MMBTU over the 30 […]