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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 →
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