Energy Markets

IEEFA Research

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →
IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

IEEFA Report: Endesa’s Plan to Upgrade Aging Spanish Coal Plants Puts €400 Million in Shareholder Wealth at Risk

New Emissions Rules Loom Large Across EU; Gas-Fired Generation and Renewables Present Better Investment Opportunities; Major Utilities Are Out of Step With Markets

October 25, 2017 (IEEFA.org) — A research paper published today by the Institute for Energy Economics and Financial Analysis finds that plans by Enel Group’s Spanish-subsidiary Endesa to sink €400 million into upgrading three aging coal-fired plants is a likely loss-making proposition under new European Union emission-control rules. The report—“How European Utilities Can Capitalize on […]

October 26, 2017 Read More →
IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

IEEFA Brief: U.K. Government at Risk in Over-Budget Nuclear Project That Stands Incomplete

A Sensible ‘Plan B’ for Hinkley Point C Project in Somerset Would Avoid Extending Public Loan Guarantees

Oct. 16, 2017 (IEEFA.org) — A research brief published today by the Institute for Energy Economics and Financial Analysis cautions the U.K. government against investing further in an unfinished nuclear project on the Bristol Channel in southwest England. The brief — “A Half-Built, High-Priced Nuclear White Elephant: How Should the U.K. Proceed With This Troubled […]

October 16, 2017 Read More →

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Lagging Rising Trends Driven by Global Electricity-Generation Transition

October 12, 2017 (IEEFA) – The Philippines’ banking sector is dangerously exposed to a proposed new fleet of coal plants that are likely to become stranded assets if they are built, a report co-published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes. The plants would add more than 10,000 megawatts of […]

October 12, 2017 Read More →
IEEFA Report: Costly and Unreliable, Two Multibillion-Dollar American Coal-Gasification Experiments Prove the Case Against Such Projects

IEEFA Report: Costly and Unreliable, Two Multibillion-Dollar American Coal-Gasification Experiments Prove the Case Against Such Projects

‘Important and Painful Lessons’ in Southern Company’s Kemper Failure in Mississippi and Duke Energy’s Edwardsport Experiment in Indiana

Sept. 7, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report describing how coal-to-gasification technology for electricity-generation purposes remains commercially unviable. The report—“Using Coal Gasification to Generate Electricity: A Multibillion-Dollar Failure”—concludes that two long-running marquee American Integrated Gasification Combined Cycle (IGCC), projects, Duke Energy’s Edwardsport plant in Indiana […]

September 7, 2017 Read More →

IEEFA Report: ‘Natural Security’ Argument for Saving 2 Power Plants Is a Red Herring Meant to Distract From an Ohio Valley Electric Bailout

Keeping Kyger Creek and Clifty Creek on Life Support Would Cost Ratepayers $1.4 Billion; Market Conditions Will Continue to Undermine Viability of Aging Coal-Fired Plants; Public Resources Are Better Spent on Investing in Transition; Neither Generator Is Needed for Grid Stability

June 20, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a research brief questioning a bill in the Ohio legislature that would bail out two failing coal-fired power plants owned by the Ohio Valley Electric Corporation (OVEC) and keep the plants alive at huge expense to ratepayers. The plants […]

IEEFA Report: Electricity-Sector Opportunity in the Philippines

IEEFA Report: Electricity-Sector Opportunity in the Philippines

The Case for Wind-and Solar-Powered Small Island Grids

May 8, 2017, MANILA (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report outlining how small islands in the Philippines can effectively replace outdated, diesel-fuel electricity-generation systems with solar- and wind-powered grids. The report—“Electricity-Sector Opportunity in the Philippines – The Case for Wind- and Solar-Powered Small Island Grids”—notes that many […]

IEEFA Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

IEEFA Report: European Coal Sector Woes Deepen With New Air Quality Mandate; One-Third of Existing Capacity Must Retrofit or Close

More Headwinds for Major Utilities; New Limits Affect 108 Plants; Implications for Investors, With Gas and Renewables Emerging as Preferred Power-Generation Fuels

May 8, 2017 (IEEFA.org) — More than 100 separate power plants—representing one-third of Europe’s large-scale coal-fired power plant capacity—face costly air quality upgrades or closure as a result of new European Union emissions limits, according to an analysis published today by the Institute for Energy Economics and Financial Analysis (IEEFA). “These regulations will further undermine and […]

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

IEEFA Update: A Rush to Subsidies as Power Plants in Europe Face an Existential Threat

Paying Producers for Electricity They Might Never Generate

  So-called capacity markets are driving what appears to be a major new trend in energy policy across Europe: More public subsidies for electric utilities. Utilities may get—but not necessarily need or deserve—high-level government support for a variety of reasons, including for their role in equity markets, where they supply returns and dividends for pension […]

December 13, 2016 Read More →

More News and Commentary

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 →
IEEFA Update: A Brave New World Is Taking Hold in the Grid Integration of Renewables

IEEFA Update: A Brave New World Is Taking Hold in the Grid Integration of Renewables

Debunking Myths Around Energy Security and the Supposed Need for Subsidizing Outdated Electricity-Generation Plants

Important regional electricity markets and whole countries are blowing past old record levels of wind and solar power by taking a variety of simple, practical steps to improve grid flexibility. Current trends make a mockery of doubts peddled by system incumbents who keep promoting new subsidies (like capacity payments) for old-school gas and nuclear power […]

February 15, 2018 Read More →

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →

Latest Financials at Oil Majors Indicate Rising Shareholder Risk

Nasdaq.com: Energy stocks have sold off over the past week, pulled down by both the broader financial turmoil and some poor earnings figures from top oil companies. As of Thursday, benchmark oil prices are off more than 7 percent from their cyclical peaks reached a little more than a week earlier. The spike in volatility […]

February 9, 2018 Read More →

Acknowledging Industry Shift, Oil Giant BP Pushes Further Into Clean Energy

The Guardian: BP has declared it is looking to acquire more green energy firms, as the British oil giant pledged to set carbon targets for its operations. However, while the chief executive, Bob Dudley, said the industry was in a period of major change, he made clear that hydrocarbons would remain the core of BP’s […]

February 7, 2018 Read More →

IEEFA Webinar: U.S. Coal: More Market Erosion is on the Way (Feb 6, 2 pm. ET)

The Institute for Energy Economics and Financial Analysis will host a webinar on Tuesday, February 6 (2 pm. ET) to provide an in-depth look at IEEFA’s 2018 Coal Outlook.

David Schlissel, IEEFA director of resource planning analysis, and Tom Sanzillo, IEEFA director of finance, will examine market forces causing a structural decline in the U.S. coal industry that will persist into 2018. The report—“U.S. Coal: More Market Erosion Is on the Way”—details how competition from cheap natural gas, the growing uptake of solar- and wind-powered generation, […]

February 2, 2018 Read More →

Report: Natural Gas and Renewables Will Account for All Generation-Capacity Additions in the U.S. This Year

S&P Global Market Intelligence: 2018 will see 42,499 MW of net generation capacity added to the U.S. electric grid, according to S&P Global Market Intelligence data. As of Jan. 10, 11,573 MW of operating capacity was scheduled to retire in 2018, while units expected to come online in 2018 totaled 54,072 MW. Another 2,686 MW […]

January 30, 2018 Read More →

‘Energy Execs Sound More Like Wild-Eyed Hippies Every Day’

Vox: Oldsters like me remember when the idea that (unsubsidized) renewable energy would be able to compete directly with fossil fuels was downright utopian. As late as the early 2000s, people were debating whether it would happen this century, or at all. But the extraordinary progress of renewables in the past two decades has moved […]

January 30, 2018 Read More →
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IEEFA Europe: A Regulatory Blow to Spain’s Subsidized Coal-Fired Electricity Sector

Security-of-Supply Justifications Are Seen as Political Schemes to Support the Status Quo

In its rejection this week of a government proposal to prop up the nation’s oldest and most polluting coal power plants, Spain’s energy regulator has concluded that a “significant part” of the country’s coal fleet can be closed without risking national energy security. The decision, detailed in a statement by the Comisión Nacional de Mercados […]

U.S. Wind Production Seen as Surpassing Hydro in 2018

Huffington Post: Wind power is forecast to surpass hydroelectricity for the first time as the nation’s top source of renewable electricity sometime in the next year, the U.S. Energy Information Administration said Wednesday. The sector is expected to produce 6.4 percent of utility-scale electricity in 2018, and 6.9 percent in 2019, propelled by a construction […]

January 25, 2018 Read More →