Subsidies

IEEFA Research

IEEFA Australia: ESB fails to deliver substantive progress on integration of distributed energy resources

IEEFA Australia: ESB fails to deliver substantive progress on integration of distributed energy resources

It's time to think big about small-scale DER

The Energy Security Board’s (ESB’s) final post-2025 market design advice to Energy Ministers has been very controversial. First there was the unnecessary proposal for a capacity payment paid by electricity consumers to power stations not just for the electricity they generate, but also for the size of capacity installed in the plant, irrespective of how […]

IEEFA Australia: Government cannot lower electricity bills by subsidising old and high cost power plants

IEEFA Australia: Government cannot lower electricity bills by subsidising old and high cost power plants

Refocusing attention on transmission and distribution of electricity will bring better results

27 August 2021 (IEEFA Australia): The Federal government can better achieve its ambition to lower electricity prices if it focuses on the transmission and distribution side of the energy market rather than the generation side, as its latest plan for keeping old coal plants open will in fact increase consumers’ electricity bills, not lower them, […]

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

There is no second life for coal

6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA: Folly of wasting Australian taxpayer cash on Beetaloo gas 

IEEFA: Folly of wasting Australian taxpayer cash on Beetaloo gas 

Australia’s economic recovery from COVID-19 heading to a 'dead end'

The Australian Government’s obsession with wasting taxpayers’ money on gas is leading Australia’s economic recovery from COVID-19 to a “dead end”, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report finds that all indicators show Australian consumers and the country’s main export customers will use less gas […]

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →
IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA: European gas pipeline companies mislead investors by underreporting CO<sub>2</sub>

IEEFA: European gas pipeline companies mislead investors by underreporting CO2

Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellers

December 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade

3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]

More News and Commentary

Major wind turbine manufacturers struggle with lower earnings

Wall Street Journal ($): The world’s appetite for green energy is greater than ever, but that isn’t translating into big profits for some of the companies behind the boom. Top wind-turbine makers are struggling with lower earnings as rising raw- material costs, problems shipping the hulking machines, and uncertainty over the future of U.S. subsidies […]

August 23, 2021 Read More →

Biden administration to review coal sales on federal lands

Reuters: The Biden administration on Thursday said it would conduct a formal review of coal sales on federal lands to study their impact on climate change and value to American taxpayers. The move is the latest in a string of efforts by the administration of Democratic President Joe Biden to address climate change by reining […]

August 20, 2021 Read More →

UK ex-hydrogen lobby boss quits, says blue H2 plans “make no sense”

The Guardian: Oil companies have used false claims over the cost of producing fossil fuel hydrogen to win over the Treasury and access billions in taxpayer subsidies, according to the outgoing hydrogen lobby boss. Chris Jackson quit as the chair of a leading hydrogen industry association this week ahead of a government strategy paper featuring […]

August 20, 2021 Read More →

Enchant lobbying bills exceed carbon capture project study costs

Energy and Policy Institute: – The Department of Energy increased its share of the costs to study a carbon capture proposal at the San Juan Generating Station in the final week of the Trump administration. – Enchant has focused its spending on lobbyists for additional subsidies from Congress, federal agencies, and the state of New […]

August 19, 2021 Read More →

Ohio lawmakers seek to remedy scandal-tainted efficiency measures

Associated Press: Ohio power companies could once again offer energy efficiency programs such as smart thermostats or appliance rebates, the cost of which would be covered by customers under new legislation aimed at restarting such programs after a now-tainted energy bill killed them off. The nuclear plant bailout law approved in 2019 paved the way […]

August 17, 2021 Read More →

UK launches probe into exaggerated renewable electricity deals

The Guardian: The UK government has launched an investigation into renewable electricity deals amid growing concern over the extent of “greenwashing” by large energy firms claiming to offer environmental benefits to customers. In a crackdown as increasing numbers of people switch to a renewable energy deal, the government said it would review how the sector […]

August 16, 2021 Read More →

Gates fund to commit $1.5 billion for joint U.S. government projects

Wall Street Journal ($): Microsoft Corp. co-founder Bill Gates said his climate investment fund will commit $1.5 billion for joint projects with the U.S. government if Congress enacts a program aimed at developing technologies that lower carbon emissions. A roughly $1 trillion infrastructure bill passed by the Senate this week would give the Energy Department […]

August 13, 2021 Read More →
IEEFA Australia: Kurri Kurri gas-fired plant is AU$1 billion dollar white elephant

IEEFA Australia: Kurri Kurri gas-fired plant is AU$1 billion dollar white elephant

The Government can easily do better

In retrospect, the government-owned 667 megawatt (MW) Colongra gas-fired power plant on the Central Coast of New South Wales was an engineering marvel and a financial disaster. The AU$500 million capital cost included $104m for a spur line to the Sydney–Newcastle gas pipeline. The cost of the facility itself was $0.60m/MW. While capital costs a […]

China power agency to require monthly updates on renewable projects

PV Tech: China’s power planning agency the National Energy Administration (NEA) has demanded regularly monthly updates on new renewable energy projects from utility companies in the country. Starting from 15 August and repeating every month, all provincial-level energy authorities and major central power generation companies are required to present their renewable power projects from the […]

August 9, 2021 Read More →

IHS Markit: US 2030 offshore wind goal likely to be short by one-third

ReNews Biz: US offshore wind capacity is expected to hit 21GW by 2030, missing the White House’s target by 30%, according to a new report from IHS Markit.  Driven by $100bn (€84.5bn) in investment, the evolution of the US offshore wind market is being boosted by an increase in state-level policy commitments, federal lease sales, […]

July 29, 2021 Read More →