Utility trends

IEEFA Research

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

IEEFA Update: How Will Westmoreland Coal’s Deepening Spiral End?

Disappearing Market Capitalization and Unsustainable Debt

We’ve just published a research brief of interest to any person, community, business, or investor with ties to Westmoreland Coal Co. The brief—“Westmoreland Coal Is in Trouble”—lays out how the company, which produces coal for electricity generation, is hobbled by debt, is losing customers, has suffered a catastrophic drop in stock price, and appears to […]

February 16, 2018 Read More →
IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

IEEFA India: Tamil Nadu, Population 72 Million, Emerges as a National Transition Model

A Potential Doubling in Wind Power by 2027 and Six-Fold Increase in Solar

Feb. 7, 2018 (IEEFA) — New modelling by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the Indian state of Tamil Nadu capable of doubling its wind energy capacity by 2027 and increasing its solar capacity six-fold. In a report published this week—“Electricity Transformation in India: A Case Study of Tamil Nadu”—IEEFA sees […]

February 7, 2018 Read More →
IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

IEEFA Arizona: Fast-Track Opportunities Now in Navajo Community-Driven Solar Electricity Generation

Strategically Situated Tribal Lands at the Heart of the American Sunbelt Hold Crucial Market Advantages; Prudent Development Strategies Will Benefit, Protect, and Profit Local People

Jan. 3, 2017 — Locally owned utility-scale solar electricity generation offers Navajo communities an immediate generational economic-development opportunity, concludes a research brief published by the Institute for Energy Economics and Financial Analysis (IEEFA) and DinéHózhó. The report— “Window of Opportunity: Navajo Solar—A Fast-Track Community-Driven Development Approach” — details how transformative changes in the U.S. electric utility […]

December 22, 2017 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 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 […]

More News and Commentary

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 →

Owner of Troubled Mississippi Plant Tells Supplier to Stop Coal Deliveries

S&P Global Market Intelligence: Mississippi Power Co. informed Liberty Fuels Co. LLC, a wholly owned subsidiary of North American Coal Corp., to permanently cease all mining and delivery of lignite as part of the utility’s decision to suspend the coal gasification portion of its controversial generation project in Kemper County, Miss. Liberty Fuels was the […]

February 15, 2018 Read More →

Report: U.S Renewables Sector ‘Neck and Neck’ With Nuclear Generation

Washington Examiner: Renewable energy for the first time is generating nearly as much electricity as the nation’s entire complement of 99 nuclear power plant reactors, a new report issued by a business group said on Thursday. “The surge further establishes renewables’ critical role in the U.S. power mix — renewable technologies now contribute nearly as […]

February 15, 2018 Read More →

Utility-Scale Batteries Encroaching on Gas-Power Markets in U.S.

Wall Street Journal: Giant batteries charged by renewable energy are beginning to nibble away at a large market: The power plants that generate extra surges of electricity during peak hours. Known as peakers, the natural-gas-fired plants are expensive to run, and typically are called into service only when demand rises and regular supplies are insufficient. […]

February 13, 2018 Read More →

U.S. Solar Growth Adds to Momentum in Tilting Markets

Bloomberg News: Natural gas is getting edged out of power markets across the U.S. by two energy sources that, together, are proving to be an unbeatable mix: solar and batteries. In just the latest example, First Solar Inc. won a power contract to supply Arizona’s biggest utility when electricity demand on its system typically peaks, […]

February 13, 2018 Read More →

Utah Lawmaker Wants to Sue California for Cutting Back on Coal-Fired Power

Salt Lake Tribune: When Utah’s Intermountain Power Plant sells its electricity to Southern California, utilities there must pay an extra $15 per megawatt hour. That’s a special penalty on coal, a fuel that emits more heat-trapping carbon dioxide than any other. Now Utah Rep. Mike Noel wants to spend $2 million on private lawyers to […]

February 13, 2018 Read More →

More Openings for Renewables Seen in Indonesian Power Markets

Reuters: The developer of Indonesia’s first commercial-scale wind farm says conditions for renewable energy investors are better now than ever before, but more work is still needed for the country to achieve its wind energy targets. A woman takes pictures of wind power plant propeller blades in Sidenreng Rappang, Sulawesi Island of Indonesia, January 15, […]

February 13, 2018 Read More →

U.S. Deal to Support Coal-Fired Generation Expansion in Vietnam Appears Dead

New York Times: A Vietnamese company is no longer seeking American financial support to build a coal-fired power plant in Vietnam, bringing to an abrupt end a closely watched test of whether Washington would back international projects that could potentially contribute to climate change. On Thursday, the Export-Import Bank of the United States, a lender […]

February 12, 2018 Read More →

China Leads Global Race for Battery-Critical Cobalt

Wall Street Journal: There is a world-wide race to lock up the supply chain for cobalt, which will likely be in even greater demand as electric-car production rises. So far, China is way ahead. Chinese imports of cobalt from Congo, the world’s biggest producer of cobalt, totaled $1.2 billion in the first nine months of […]

February 12, 2018 Read More →

Australia on Pace to Double Solar Capacity in 2018

The Guardian: A record-breaking month of rooftop installations and a flood of large-scale solar farms could almost double Australia’s solar power capacity in a single year, industry analysts say. A massive solar energy boom is being predicted for 2018, after an unprecedented number of industrial solar farms were approved by the New South Wales and […]

February 12, 2018 Read More →