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IEEFA Update: Oil and gas industry is caught in a capex conundrum

Invest in the future or return cash to shareholders?

The oil and gas industry confronts a host of challenges that would have been inconceivable a decade ago: weak cash flows, meager profits, slumping stock values, volatile revenues, unreliable demand growth, and rising competition from renewables, to name just a few. The industry now faces a quandary. Should companies continue to invest in new drilling […]

IEEFA U.S.: Why are Virginia energy coop customers paying as much as 50% over market?

45-year supply contract is not publicly available and has no transparency

Customers of a rural electric cooperative in northern Virginia are locked into paying 23% to 50% above-market rates for power under a forty-five year contract, even though the supplier to the coop buys the majority of its power at market rates. That’s the main conclusion of an IEEFA briefing note released earlier this month on […]

November 13, 2018 Read More →

IEEFA Australasia: New global energy report headlines decline of coal as cheaper renewable technologies gain preference

International Energy Agency releases annual World Energy Outlook 2018 Report today

Nov. 13, 2018, SYDNEY (IEEFA): Thermal coal is fated for long-term structural decline and energy-related carbon dioxide emissions are increasing despite the Paris targets: those are the key take-outs in the International Energy Agency’s World Energy Outlook (WEO) 2018 report released today, which also finds wind and solar are now two of the top three […]

November 13, 2018 Read More →

IEEFA Australia: Thermal coal export sunset looming closer

Glencore failing investors in its latest forecasts

For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market. Up to 2015 the numbers were singing. Australia was leading the market as the world’s biggest exporter of coal. But then something happened. Australia’s thermal coal exports lost their momentum. […]

November 8, 2018 Read More →

IEEFA U.S.: Coal inventories are down at utilities, yes, but that doesn’t mean they’ll be replenished

The tone of third-quarter earnings reports suggests producers aren’t quite getting the picture

The U.S. coal industry’s third quarter earnings reports are out, and one theme is repeated over and over again: Utility-coal inventories are low, which—according to producers—will boost domestic thermal sales going forward. Arch Coal, for example, points out that domestic utility inventories are currently “at the lowest level in four years in terms of days […]

November 7, 2018 Read More →

IEEFA Australia: Energy Market Commission should amend national gas laws to curb massive price hikes

IEEFA and Environmental Justice Australia urge removal of exemption allowing Jemena to pass high pipeline costs on to consumers

Nov. 7, 2018, SYDNEY (IEEFA): The Institute for Energy Economics and Financial Analysis (IEEFA) and Environmental Justice Australia (EJA) are seeking an amendment to Australia’s national gas rules to ensure energy prices become affordable and market competitive in Australia. IEEFA and EJA lodged the amendment request with the Australian Energy Market Commission (AEMC) which makes […]

November 6, 2018 Read More →

IEEFA Puerto Rico: PREPA preliminary energy plan modeling says maximize renewables

Senate should change its energy bill to support, not hinder, this goal

Over the near term, Puerto Rico should invest as much as possible in renewable energy and storage. That is a key takeaway from the Puerto Rico Electric Power Authority’s (PREPA) preliminary modeling results for its integrated resource plan (IRP), which it plans to file with the Puerto Rico Energy Bureau in late January. PREPA’s preliminary […]

November 5, 2018 Read More →

IEEFA Australia: New South Wales needs a transition plan, not blind optimism, as coal export markets decline

Australia’s major customers, like Japan, are turning toward renewable energy; Prime Minister Shinzo Abe cites need to “reduce the use of fossil fuels”

IEEFA Australia  published a report this week showing that a permanent, long-term decline in New South Wales (NSW) thermal coal exports is on the horizon. We  examined the status of NSW coal export destinations and found the pipeline of new coal plants in major Asian markets experienced a 74% decline since 2015, with more contraction […]

November 1, 2018 Read More →

IEEFA Arizona: Growing interest in developing Navajo utility-scale solar industry

Activity at the community level, within the higher reaches of tribal government, and at the Navajo Tribal Utility Authority

Oct. 31, 2018 (IEEFA) — Momentum is growing around modernizing tribal renewable-energy policies on the Navajo Nation of Arizona, Colorado, New Mexico and Utah, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Growing Interest in Developing Navajo Utility-Scale Solar Industry: Policy Momentum and Grassroots Support; Vast Tribal […]

October 31, 2018 Read More →

IEEFA report: Past their peak, New South Wales coal export volumes head toward terminal decline as markets transition

NSW government must plan now for inevitable transition in local coal communities

Nov. 1,  2018, SYDNEY (IEEFA) – A report published today by the institute for Energy Economics and Financial Analysis sends an urgent message to the New South Wales government that, with coal export volumes having peaked and now facing a terminal long-term decline, transition preparations must be made for the coming decades to prepare businesses, […]

October 31, 2018 Read More →