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 […]
Gas and Coal Price Sensitivity Outlook: ERCOT Spotlight
National Summary: Gas burn in February actualizing at a record 27.35 BCFD, nearly 0.6 BCFD higher than in January and 2.4 BCFD higher YoY. Coal burn was relatively flat YoY for February, while hydro generation declined by 13.5% from last year. Exhibit seven demonstrates that gas burn is expected to remain around 27 BCFD through […]
Gas and Coal Burn Sensitivity Outlook: MISO Spotlight
EVA’s latest monthly Gas and Coal Price Sensitivity Outlook indicates that annual 2019 coal burn will end up below 600 million tons while gas burn will surpass 2018 levels and end up at nearly 29 BCFD for the year. January gas burn was off to a good start with a 6.2% increase YoY, despite total […]
Commentary on the Gas Week 3/14 Storage Report
This morning EIA announced a 47 BCF withdrawal for gas week ending 3/14. This storage draw brings U.S. total working gas down to 1,143 BCF, with the deficit to the 5-year average narrowing from 569 BCF to 556 BCF. This is the first time we’ve saw below average withdrawal in a month. In this week’s […]
Forbes ranks EVA Among Top Energy Consulting firms in 2019
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 […]
Gas and Coal Burn Sensitivity Outlook: PJM Spotlight
EVA’s monthly Gas & Coal Price Sensitivity Outlook shows that December gas burn actualized at 23.9, bringing the annual 2018 gas burn to roughly 29 BCFD—a record high. Coal burn declined YoY, falling to around 637 million tons in 2018. Only four years ago coal burn was above 800 million tons, highlighting how retirements and […]
ERCOT Price Reforms to Curtail Retirements and Incentivize Distributed Generation Investment
Executive Summary In an effort to increase resilience ahead of summer 2019 the Texas Public Utility Commission has approved reforms that will increase prices during high-demand periods in the Electric Reliability Council of Texas (ERCOT) region. The reforms are expected to incentivize generators to defer retirement, while also sending price signals to customers to curtail […]
Massachusetts’ Comprehensive Energy Plan Aspires for an Electric Future
Background The Massachusetts Department of Energy Resources (DOER) published its long-awaited energy plan on December 12th. DOER had been directed by Governor Charlie Baker in a September 2016 executive order to publish a “Comprehensive Energy Plan” (CEP) for the commonwealth. The CEP articulates the state’s high-level strategy to meet its commitment to reduce GHG emissions […]
2018 Coal Burn at 644 Million Tons, Gas Burn at ~29 BCFD
EVA’s Monthly Gas & Coal Price Sensitivity Outlook forecasts that 2018 will end with Lower-48 coal burn at 644 million tons. 2017 annual power-sector coal burn was 666 million tons– 22 million tons more than in 2018. Going into September, coal burn was expected to fall by 25 million tons YoY. However, higher cash and […]