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IEEFA Update: Failed Coal-Plant Deal in West Virginia Is in Ratepayers’ Best Interest

Negligence on the Part of FirstEnergy and the State to Encourage Responsible Transition

As FirstEnergy prepares to either sell the Pleasants Power Station in West Virginia or deactivate it, the question now becomes whether the company and the state will come up with a good plan to help the local community through this transition. FirstEnergy’s decision on Pleasants comes after the Federal Energy Regulatory Commission rejected its proposal […]

February 22, 2018 Read More →

IEEFA Update: An Outdated U.K. Electricity Industry Subsidy

Bidders Are Paid Regardless of Whether They Ever Generate Any Power

The U.K. capacity market has cost consumers billions of dollars since it was launched four years ago, but such subsidies—by our lights—may no longer be needed. The market mechanism in question rewards power producers simply to be available to supply electricity. Bidders are paid regardless of whether they ever generate any electricity. It allows utilities […]

February 22, 2018 Read More →

Utah Governor Questions Spending $2 Million to Challenge California’s Coal Policy

Associated Press: Gov. Gary Herbert said Wednesday that he’s not convinced Utah should spend taxpayer money to sue California over its extra tax on coal and that the $2 million estimate for private attorneys to handle the case seems “exorbitant.” Herbert said he’s not clear what motivated Republican Rep. Mike Noel to propose pushing the […]

February 22, 2018 Read More →
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IEEFA Update: A Tipping Point Is Coming, and Fast

Trends Build Globally Toward More Uptake of Renewables

We’ve just posted a research brief explaining through a telling combination of charts (and some written analysis) how the fast-growing uptake of wind and solar around the world continues to shape electricity-generation trends. The phenomenon is unfolding across diverse groups of markets that include ones in Latin America, the Middle East, and the U.S. We […]

and February 21, 2018 Read More →

Japan Weighs Shift From Coal and Nuclear

Reuters: An energy task force advising Japan’s foreign minister has proposed boosting renewable energy and shifting away from coal-fired and nuclear power at home, arguing the country’s energy policies are outdated and undermine its global competitiveness. The advice comes in a report commissioned by minister Taro Kono, a maverick lawmaker with prime ministerial ambitions, and […]

February 21, 2018 Read More →

South Korea Embarks on Transition to Renewables and Gas

GreenTech Media: South Korea took action this month to strengthen its grid in preparation for a major boost in renewable energy generation. At the beginning of the month, the state-owned Korea Electric Power Corporation (Kepco) picked U.S. infrastructure provider GE Power to build a 4-gigawatt high-voltage DC (HVDC) transmission link from the east of the […]

February 21, 2018 Read More →

6.7-Million-Customer Michigan Utility Announces Coal Phaseout

AP: Consumers Energy will phase out electricity production from coal by 2040 to slash emissions of heat-trapping gases that cause global warming, the Michigan utility’s president and CEO told The Associated Press. The utility plans to generate 40% of its power from renewable sources such as wind and solar energy by then, Patti Poppe said […]

February 20, 2018 Read More →

Wyoming Coal Producer Pins Its Hopes on Asia

S&P Global Market Intelligence: Cloud Peak Energy Inc. is focusing on international markets and the prospect of diminishing utility stockpiles for future coal sales, as limited port capacity and potentially low gas prices threaten 2018 production levels. The coal producer reported a net income of $17.8 million in the fourth quarter of 2017, a 27.2% […]

February 20, 2018 Read More →

Ohio Continues to Thwart Wind-Industry Potential

Associated Press: Wind energy’s future in Ohio is at a crossroads. Two much different proposals — one easing restrictions stifling new wind farms and another adding more hurdles for future development — are being pitched to state lawmakers and regulators. Ohio over the past three years has seen new plans for large-scale wind projects come […]

February 20, 2018 Read More →

EU Can Get 34% of Its Electricity From Renewables by 2030

Bloomberg News: The European Union can boost the share of renewables to 34 percent of its energy mix by 2030, triggering hundreds of billions euros in investment and accelerating reduction of greenhouse gases blamed for global warming, according to the International Renewable Energy Agency. Lawmakers in the 28-nation bloc are currently discussing policies for the […]

February 20, 2018 Read More →