Utility trends

IEEFA Research

IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

IEEFA Texas: Latest U.S. Coal Plant Shutdown Stems From a Saga in Which Investors Failed to See Change Coming

Markets Rendered a Harsh Judgment on a Bad Private-Equity Deal, Cheap Natural Gas, and the Rise of Wind-Powered Electricity

[First of two parts.] Last week Luminant and its new parent company, Vistra, announced the imminent closure of the 1,800-megawatts Monticello Power Plant in North Texas, near the Arkansas and Oklahoma state lines. It’s been a long time coming. The plant has operated at a loss for years, having failed to compete with low natural […]

IEEFA Report: Renewable Energy Opportunity Now for Norway’s $976 Billion Pension Fund as Global Institutional Capital Migrates Out of Fossil Fuels

IEEFA Report: Renewable Energy Opportunity Now for Norway’s $976 Billion Pension Fund as Global Institutional Capital Migrates Out of Fossil Fuels

35% of Assets Reallocated Can Go Into High-Growth Sector; Risks Can Be Responsibly Managed; Possibilities Include Stocks, Index Funds and Infrastructure

Aug. 30, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report urging Norway to allocate more of its Government Pension Fund Global (GPFG) assets to the fast-growing global renewable energy market. The report — “How Renewable Energy Holdings Can Contribute to the Growth of Norway’s Pension Fund in […]

August 30, 2017 Read More →
Why Navajo Generating Station Is No Longer Commercially Viable

Why Navajo Generating Station Is No Longer Commercially Viable

The Institute for Energy Economics and Financial Analysis (IEEFA) has done extensive research into the difficult circumstances facing Navajo Generation Station. Key findings: Declining energy market prices and rising production costs have made power produced by the plant more expensive than competing sources. Market trends are not likely to change, leaving the plant’s financial viability […]

August 16, 2017 Read More →
IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

Out of Step With a Global Shift in the Energy Economy

We’ve just published a report that calls into serious question Indonesia’s plans to expand its commitment to coal-fired electricity generation. The report—“Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future”—analyzes Indonesia’s 2017-26 national energy blueprint and shows how long-term coal power contracts that the country is contemplating will not just […]

August 10, 2017 Read More →
IEEFA Report: Kayenta Mine Is Unlikely to Find  New Customers Once Navajo Generating Station Closes

IEEFA Report: Kayenta Mine Is Unlikely to Find New Customers Once Navajo Generating Station Closes

A ‘Buyer Beware’ on Peabody Energy Property; Regional Demand for Coal Is in Decline; Export-Market Possibilities Are Bleak; Previous Recent Mine Deals Have Failed

June 29, 2017 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today concluding that Peabody Energy’s Kayenta mine in northeast Arizona is not likely to find new customers or markets once its sole customer, Navajo Generating Station, closes. The Navajo Nation Council voted this week to approve a deal with […]

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: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

IEEFA Report: ‘Payment for a Job Well Done,’ a Transition Plan in Anticipation of Shutdowns of Navajo Generating Station and Kayenta Mine

Initiative to Limit Job Losses and Community Disruption; Investing in Economic Growth Rather Than Subsidizing Northern Arizona's Failing Coal Industry

June 6, 2017 (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published a report outlining an economic- growth strategy for a region that stands to be set back severely by the closure of the Navajo Generating Station and the Kayenta coal mine. The proposal—“A Transition Plan for Communities Affected by the […]

IEEFA Update: As Australia Fights a Domestic Gas Shortage, New Export Plants Are at Risk of Closure

IEEFA Update: As Australia Fights a Domestic Gas Shortage, New Export Plants Are at Risk of Closure

‘Fiddling Around and Allowing the Cartels to Fleece Consumers’

nJune 5, 2017 (IEEFA.org) – The Institute for Energy Economics and Financial Analysis today published a report detailing how a complex of expensive new liquefied natural gas plants on the east coast of Australia are struggling to stay open in the face of a global gas glut. The report—“Australia’s Export LNG Plants at Gladstone: The […]

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

IEEFA Report: ‘End of an Era’ for Navajo Generating Station; Vast Subsidies Would Be Required to Keep Aging Plant Online; Retirement Seen as Most Viable Option

‘No Longer Competitive’ With Rise of Natural Gas and Renewables; Staying Open Through 2022 Would Require a $740-Million-to-$1-Billion Subsidy; Through 2030 Would Require a $1.4 to $2.4 Billion Subsidy

May 10, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis today published a report detailing how the failing coal-fired Navajo Generating Station in northern Arizona will require hundreds of millions of dollars in subsidies to remain online for any length of time. The report—“End of an Era: Navajo Generating Station Is No […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →

More News and Commentary

IEA Report: Renewables Will Supplant Coal in Alleviating Global Electricity Poverty

Carbon Brief: Around the world, more than a billion people still lack access to electricity. This number is shrinking, down by one third since 2000, despite rising population levels, according to an International Energy Agency (IEA) special report on energy access, published today. The report says that while coal has supplied nearly half of the […]

October 19, 2017 Read More →

‘Plug and Play’ Solar Finds Markets in Nebraska and Ohio

Midwest Energy News: Utility customers in Ohio and Nebraska are among those taking advantage of a new and simpler technique for connecting solar arrays and other renewable energy systems to the grid. ConnectDER, as it’s known, generally eliminates the need to enter a home and it greatly reduces the amount of electrical work required. “It […]

October 19, 2017 Read More →

As Coal Slips in Texas, Wind Picks Up

Quartz: Although the White House is leading a campaign to burn more coal, states and utilities are largely ignoring the call. In April, West Virginia rebuffed efforts by Democratic governor Jim Justice to revive its moribund coal industry. On Oct. 13, Texas announced it, too, was turning to renewables. The retirement of three coal-powered plants […]

October 18, 2017 Read More →

IEEFA Asia: As India Moves, Europe Follows

Low-Carbon Technology Is Where the Smart Money Is Going

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift toward a profitable renewables industry, especially given how the country’s solar belt has the potential to supply 749 gigawatts (GW) of power generation. As shown in a report we published earlier this month, accelerating this trend will allow […]

October 17, 2017 Read More →

S&P Exec: Global Shift to Renewables Will Persist, All Politics Aside

Sydney Morning Herald: The global shift from fossil fuels to renewable energy will continue regardless of political action such as President Donald Trump’s decision to withdraw the US from the Paris climate agreement or outbursts from ex-Australian prime ministers, a senior ratings analyst says. “The tide has turned,” said Michael Wilkins, the head of climate […]

October 17, 2017 Read More →

Report: Nuclear Energy in ‘Terminal Decline’

SNL: Nuclear energy is in irreversible decline across the world, with the construction of new units appearing to bottom out, a new report found. “The deterioration of the situation is accelerating,” warned Paris-based nuclear consultant Mycle Schneider at the U.S. launch of the World Nuclear Industry Status Report. The 10th annual edition of the report […]

October 17, 2017 Read More →

California Grid Operator Sees a Largely Decentralized and Renewables-Driven Grid by 2030

Platts: By 2030, renewables will supply about two-thirds of California’s electricity, natural gas-fired generation will be in the process of being phased out and the West will have regional grid operators, according to a draft paper released Wednesday by the California Independent System Operator. The paper — Electricity 2030, Trends and Tasks for the Coming […]

October 17, 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 Update: Coal Is Dying, and EPA’s Clean Power Plan Reversal Can’t Save It

Energy Policy From Washington Drifts Toward Irrelevance

By turning the clock back on American energy policy through reversal of the Clean Power Plan, EPA Administrator Scott Pruitt — if he succeeds — will end up making electricity for everyday Americans more expensive. And as power bills rise so will the coal industry’s harmful impacts public health and the environment. I say “if […]

October 13, 2017 Read More →

Power Company Announces Unexpected Shutdown by Early 2018 of Two More Texas Coal-Fired Plants

Power Magazine: Vistra Energy moved to halt a financial hemorrhage stemming from unprofitable conditions in the Electric Reliability Council of Texas (ERCOT), announcing plans to shutter two more coal-fired power plants—the 1.1-GW Sandow Power Plant (which includes a 2009-built unit) and the 1.2-GW Big Brown plant—in early 2018. The company’s decision made public on October […]

October 13, 2017 Read More →