In 2019 EVA’s Quarterly LNG Outlook tracked import and export terminal progress, global supply and demand dynamics, and the resulting price price environment. Our major LNG Market 2019 takeaways are as follows: Gas Glut and Price Slump in LNG Market: Mild weather and oversupply drove both Asia and Europe LNG indices to collapse in 2019. […]
Newly-Introduced Illinois Bill Seeks to Repeal Exelon Nuclear Subsidies
A bipartisan bill (H.B. 3987) filed by two Illinois state representatives on December 9 would effectively repeal a subsidy that Exelon receives via the sale of Zero Emission Credits (ZEC) by granting an exception to customers of electric utilities that serve more than three million retail customers in the state. If the bill is signed […]
Can New York Build Renewables Fast Enough to Comply with Renewable Targets? Not Without Reforms.
During the summer of 2019 New York State passed the nation’s most stringent energy law in the form of the Climate Leadership and Community Protection Act (“CLCPA”). The law, which EVA analyzed in a recent special report, requires 70% of all electricity sales to be sourced from renewables by 2030, 100% of electricity from carbon-free […]
EVA Performs New York Wind Decommissioning Study
Energy Ventures Analysis was hired this summer to provide the townships impacted by the Canisteo Wind project with an independent estimate for the potential cost of decommissioning the project at the end of its useful life. The full report can be found here ([download id=”72848″]) and EVA’s expert testimony on the matter can be found […]
Special Report: New York’s “Green New Deal”
EVA has published a special report analyzing the power-sector impacts of New York’s “Green New Deal” legislation. An executive summary of the report can be read below. Executive Summary Background on New York’s ” Green New Deal” On July 18th, 2019, Governor Andrew Cuomo (D-NY) signed into law the Climate Leadership and Community Protection Act […]
Why did ERCOT’s Power Prices Spike in August?
ERCOT August 2019 Price Spikes Background August 13th, as temperatures rose during the day, ERCOT power prices climbed to around $6,500/MWh around 2:00 pm before suddenly jumping to the $9,000/MWh that is enforced by market rules from roughly 3:30 pm to 4:45 pm. Two days later, even though system-wide load was several thousand MWs below […]
EVA and NGSA Release Winter Natural Gas Outlook
EVA worked closely with staff at Natural Gas Supply Association to produce a Winter Natural Gas Outlook for 2019-2020. Top line findings from the NGSA’s Winter Natural Gas Outlook include: U.S. natural gas supply and demand for 2019-2020 winter are both forecasted to experience substantial growth winter-over-winter. Total gas production is expected to grow 3.8 […]
EVA Report Finds the Renewable Fuel Standard Obsolete
| DOWNLOAD THE FULL REPORT HERE | Several independent merchant refiners (belonging to the Fueling American Jobs Coalition) recently asked Energy Ventures Analysis (EVA) to take a fresh look at how the current Renewable Fuel Standard (RFS) is performing as an energy policy in the current era of ever-increasing U.S. energy independence. The results are […]
Key Takeaways from EPA’s ACE Rule
Yesterday the EPA released the final Affordable Clean Energy (ACE) rule. The rule was mostly unchanged from the original proposed rule. EVA’s environmental team has drawn the following takeaways for how the ACE rule will impact the industry: The rule will impact all coal-fired electric generating units (EGUs) greater than 25 MW, which were in […]
EVA Forecasts Strong Exports and Industrial Demand to Underpin Record-Setting Gas Demand this Summer
On May 30, 2018, Natural Gas Supply Association (NGSA) released their 2019 Summer Outlook for Natural Gas, which was prepared by Energy Ventures Analysis (EVA). According to EVA’s forecast, remarkable demand growth for the upcoming summer will be matched by record-setting production, resulting in flat price expectations summer-over-summer. Summer 2019 begins with a 1.13 TCF […]