The Mid-Atlantic region and states along the I-95 corridor experienced an intense heatwave over the past weekend, pushing temperatures to record highs and significantly raising electricity demand. PJM had issued a hot weather advisory for its Mid-Atlantic and Southern regions as 90-plus-degree weather persisted throughout the week of June 17. The advisory was subsequently extended […]
EVA Accurately Predicts Drop of Coal Inventories in its Monthly Coal Stockpile Report
On Friday, the U.S. Energy Information Administration (EIA) released official statistics of the U.S. electric power sector for the month of August as part of its EIA Form-923 reporting. As reported in EIA’s 923 data, coal inventories at U.S. coal-fired power plants dropped below 90 million tons amid higher coal plant utilization rates and a […]
EVA releases new Monthly Renewable Energy Outlook
Energy Ventures Analysis is pleased to introduce its newly revamped Monthly Renewable Energy Outlook. The Monthly Renewable Energy Outlook is a comprehensive report covering the entire U.S. renewable energy space. Highlights include recent policy updates, recently completed renewable energy projects, the current status of the combined and individual Interconnection Queues for the seven major U.S. […]
NGSA and EVA publish Natural Gas Market Outlook for Winter 2021-2022
The Natural Gas Supply Association (NGSA) and Energy Ventures Analysis (EVA) released the Natural Gas Market Outlook report for Winter 2021-2022. Highlights include forecasts for gas production, Canadian gas imports, power burns and economical switching, industrial demand, LNG exports, Mexican gas exports, and end-of-winter season storage scenario analysis. U.S. natural gas market became significantly tighter […]
Federal investigation spurs H.B. 6 repeal efforts and potential upside for gas
Ohio H.B. 6 repeal in the works following allegations of bribery Two Ohio House Democrats – Reps. Mike Skindell and Mike O’Brien – announced in a press release on Wednesday, July 22, that they will immediately introduce a bill to repeal House Bill 6, the controversial law passed a year ago that provides ratepayer-funded subsidies […]
California’s Natural Gas Challenge
California finding it difficult to get past natural gas In late 2019, Southern California Edison released “Pathway 2045”, its report on how the utility will meet the state’s aggressive carbon reduction mandates. Just over a year earlier, then-Governor Gavin Jerry Brown (D) signed into law S.B. 100, which accelerated the state’s existing renewable portfolio standard […]
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, […]
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 […]
Coal Retrofits the Largest Source of Emission Reductions
Annual U.S. Sulfur Dioxide (SO2) and Nitrogen Oxides (NOx) emissions from coal-fired plants have sharply declined over the past two decades. Relative to the 2000 levels SO2 and NOx emissions were 88% and 82% lower in 2018, respectively. Total SO2 emissions fell from ~11 million tons in 2000 to ~1.2 million tons in 2018. EVA’s […]
New York Carbon Emissions Set to Rise in the Wake of Indian Point Retirement
EVA has modeled the impact of the retirement of Entergy’s Indian Point nuclear plant and found that in the near term, power sector carbon emissions will increase as the lost nuclear generation is replaced with natural gas generation. Further, the retirement will increase the cost to comply with the state’s recently updated Clean Energy Standard […]