Markets
Rising needs for electricity and drinking water in Oman is forecast to spur a sharp rise in demand for natural gas over the next five years, according to Oman Power and Water Procurement Company (OPWP). In 2015, gas-burn by power…
Gas is increasingly taking market share from coal in power generation as coal forward prices have been "bid down much more aggressively” along the curve. 2017 coal was trading at 39 $/t earlier this months, and 2018 coal was at…
Rolls-Royce Power Systems plants to replicate is recently commissioned gas power station in Mozambique in other African countries, as it seek to expand its presence across the continent. Rising power demand in southern Africa and low electrification levels make it…
U.S. crude oil prices have been pushed below $30/bbl, largely due to high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and non-energy commodity markets, and the potential for additional crude oil supply to enter…
Utility-scale renewable power plants across the US are seen to step up their supply of electricity to the grid by 9% in the course of this year. EIA analysts expect much of the growth to come from new wind and…
Anticipated savings from a new CCGT and lower gas prices have made Florida Power & Light (FPL) seek to reduce power rates starting from April. The decrease would cut $1.64 off a typical residential customer’s bill and, if approved, would…
By summer 2017, power reserve margins in the Electric Reliability Council of Texas (ERCOT) are anticipated to rise substantially as over 5 GW of new capacity will come to the market, followed by another 4.3 GW in 2018.“We are seeing…
Efforts to stop the methane leak at Aliso Canyon have shown little respite, prompting EIA analysts to warn this may impact the reliability of California’s energy system. Gas withdrawal from flexible storage largely depends on dispatch of combined-cycle plants to…
Bob Place, president of Genesis Power has confirmed that the utility will “not continue [to] pursue plans to build Amwell Energy Center in Hillsborough.” The decision to drop the $1 billion combined-cycle power plant project came following fierce opposition from…
Mexico has become the second largest market for Capstone Turbine Corp. behind the United States over the past year; hence CEO Darren Jamison sees “strong growth opportunities, specifically in the industrial combined heat and power (CHP) segment.”
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