Transition Is Enveloping U.S. Electricity Sector

first_img FacebookTwitterLinkedInEmailPrint分享Wall Street Journal:The rapid rise of wind and natural gas as sources of electricity is roiling U.S. power markets, forcing more companies to close older generating plants.Wholesale electricity prices are falling near historic lows in parts of the country with competitive power markets, as demand for electricity remains stagnant while newer, less-expensive generating facilities continue to come online.The changing American electricity landscape is pressuring power companies to shed unprofitable plants and reshape their portfolios to favor the new winners. Texas provides a clear example.Citing low gas prices and the proliferation of renewables such as wind and solar, Vistra Energy Corp., a vestige of the former Energy Future Holdings Corp., said it would retire three coal-fired facilities in Texas by early next year and that it plans to merge with independent power producer Dynegy Inc. Exelon Corp., the country’s largest owner of nuclear power plants, placed its Texas subsidiary under bankruptcy protection earlier this month, saying that “historically low power prices within Texas have created challenging market conditions for all power generators.”The average wholesale power price was less than $25 per megawatt hour last year on the grid that coordinates electricity distribution across most of Texas, according to the operator, the Electric Reliability Council of Texas. A decade ago, it was $55.Prices have fallen a similar amount on the PJM Interconnection LLC, the power grid that serves some or all of 13 states, including Pennsylvania and Ohio. A megawatt hour there traded for $29.23 last year, the lowest level since 1999, as far back as the grid’s independent market monitor tracks prices.The price drop at PJM reflects the construction of dozens of new gas-burning power plants, spurred by the abundance of the fuel due to the shale drilling boom. In 2006, 8% of the electricity in PJM was generated by natural gas. In 2016, it was 27%.Weak demand for electricity also has played a role, as Americans purchase more energy-efficient appliances and companies shave power consumption to cut costs. Last year, power demand in PJM grew 0.3% after falling the two previous years.In competitive regions in places like California, wholesale electricity is sold through daily auctions that favor the least-expensive sources of power. The resulting competition—by more power plants to buyers of roughly the same number of megawatts—has most-acutely impacted older coal and nuclear plants, which are struggling to provide competitively priced power. It has even begun to affect older natural-gas-fired facilities that have higher costs.An analysis by investment bank Lazard shows that on an unsubsidized basis and over the lifetime of a facility in North America, it costs about $60 to generate a megawatt hour of electricity using a combined-cycle natural-gas plant, compared with $102 burning coal and nearly $150 using nuclear. By that criteria, Lazard estimates electricity from utility-scale solar and wind facilities is now even cheaper than gas.A megawatt hour of electricity from utility-scale crystalline solar comes in at $49.50 and wind at $45. That metric carries an important caveat, however: It doesn’t factor in that wind and solar are more intermittent producers of power than conventional generation sources, since the sun doesn’t always shine and the wind doesn’t always blow.“It’s too late,” David Schlissel, a director at the Institute for Energy Economics and Financial Analysis, said of the Trump administration’s proposals. “The lesson is if you don’t put your thumb on the scale then gas and renewables will out-compete coal.”More: Electricity Prices Plummet as Gas, Wind Gain Traction and Demand Stalls Transition Is Enveloping U.S. Electricity Sectorlast_img read more

Blue Ridge School District remains remote, will hold meeting on hybrid-learning plan

first_img(WBNG) — The Blue Ridge School District will hold a meeting Monday night to formally approve a new instructional model that includes remote and in-person instruction. On Monday, the district remained remote after announcing it would return to in-person learning. Blue Ridge Superintendent Matthew Button told 12 News the school would remain remote for the entire week due to a shortage of teachers. As of Monday afternoon, 11 teachers are in quarantine. The school’s plan is posted below: Reading on our news app? Click here!last_img

Neuberger Berman hires BlackRock’s Meijaard to advisory role

first_imgLeen MeijaardVan Lomwel highlighted Meijaard’s “wealth of experience of the asset management and pension fund industries across EMEA”.“We will look to leverage his deep knowledge of the markets, local environments and extensive networks as we broaden our institutional reach,” he added.Meijaard said: “Neuberger Berman has established an impressive European institutional franchise, offering clients diversified investment capabilities.“I look forward to working with the team to identify areas for amplification of its expertise and optimising the delivery of investment solutions to European clients.”Meijaard has been a member of the board of AFC Ajax, the Netherlands’ most successful football club, since 2016. Before joining BlackRock in 2002, Meijaard held positions at Robeco Group, Fidelity Investments and New Flag Asset Management. Investment manager Neuberger Berman has appointed former BlackRock executive Leen Meijaard as a senior adviser as of 1 November.He will act as a consultant, Neuberger said in a statement, advising on European and Middle Eastern institutional business and working with Dik van Lomwel, head of EMEA and Latin America. Meijaard was previously BlackRock’s executive chairman for the Benelux region, a position he had held since 2015.He was a member of BlackRock’s executive committee for nearly a decade and has held managing director roles at the firm, including head of BlackRock EMEA iShares as well as head of BlackRock EMEA Institutional.last_img read more

Bundesliga stars get coronavirus tests results same-day

first_img Loading… Several Bundesliga players are being tested daily and receiving same day results after coronavirus cases were discovered in their squad. Cologne have ramped up their player checks following the three positive tests revealed on Friday, a development that will alert the Premier League as they monitor how Germany are attempting to resume football amid the coronavirus pandemic. Cologne have announced that three members of their staff have tested positive for Covid-19 The trio of players were put in a 14-day quarantine though training was able to continue. The remaining members of the training group the infected players were part of are currently being checked every 24 hours. Testing every three days remains in place for the rest of the squad. None of the players in the affected group have returned positive results since Friday along with the rest of Markus Gisdol’s squad, who were working in groups of eight or nine. But the news casts fresh doubts over hopes that the Bundesliga will restart later this month German clubs have been back in training since last month with restrictions ahead of a planned return to full training this week and then games this month. May 16 and May 23 are the two resumption dates under consideration. Though those comeback hopes may be hit by confirmation yesterday from the DFL, organisers of the Bundesliga and Bundesliga 2, that a further 10 positive cases have been discovered from a total of 1724 carried out on players and staff from cubs in the two divisions. A second wave of tests will now take place this week. Cologne, 10th in the Bundesliga, have been able to fast-track results of those in the daily testing group by effectively pushing players’ to the front of the queue to get their tests checked at a laboratory in the city. Clubs across the Bundesliga will be able to replicate a similar process at their local labs should they need to though whether footballers should be given that privilege has split opinion in Germany. Jordan Torunarigha from Hertha BSC is seen taking a coronavirus test while at his club Read Also: Ronaldo enters 14-day quarantine after returning to Juventus That will form a central part of the discussions when Chancellor Angela Merkel and the 16 regional state premiers meet on Wednesday to discuss Germany’s lockdown measures. The outcome of the talks, which football authorities here will be keeping a close eye on with Germany ahead of England in the process, will be decisive in whether football is given the go-ahead to return or not. FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentThe Funniest Prankster Grandma And Her GrandsonCouples Who Celebrated Their Union In A Unique, Unforgettable WayTop 7 Best Car Manufacturers Of All Time9 Facts You Should Know Before Getting A TattooUse Your Zodiac Signs To Find A Perfect JobThe Biggest Cities In The World So FarTop 10 TV Friends Who Used To Be Enemies7 Universities In The World Where Education Costs Too MuchWho Is The Most Powerful Woman On Earth?Which Country Is The Most Romantic In The World?Birds Enjoy Living In A Gallery Space Created For ThemA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Daylast_img read more

Extra-time win earns Harty Cup Final place for Our Lady’s

first_imgThe Tipperary school defeated De La Salle Waterford 2-15 to 2-13 after extra-time to reach the decider.Jerry Kelly’s goal – the second for the victors – was one of the highlights of a hard fought encounter in Bansha.They’ll face Ard Scoil Ris of Limerick, who beat St Colmans 0-13 to 1-9 in the other semi-final, in the final in three weeks’ time.last_img

Clippers not struggling, just ‘a work in progress’

first_imgIt’s a common complaint in recent seasons from the Clippers, these tall men with a form of Napoleon complex. They are denied some of the respect and courtesies given to rivals in their conference, division and even city.“Maybe because they won a title they get the benefit of the doubt,” Rivers said. “I thought that early in the year. We had all these injuries, no one mentions it. And Golden State has a couple and it’s the end of the world for them.”The Warriors are currently playing without Kevin Durant, while Cleveland – which has lost four of six after beating Detroit on Tuesday – has endured injuries to Kevin Love, J.R. Smith and others.Whether the rest of the league catches on or not, Rivers is optimistic.“I like where we’re at,” he said. “I would like to be playing better, but I think we will. I have a lot of confidence in where we’re headed. So, I don’t look at it as negative as the outside world looks at it.”The Clippers could do a lot to change that perception simply by improving their defense.Tenth in overall defense until mid-February, in the 11 games between the All-Star break and Tuesday (many against some of the league’s top teams), the Clippers allowed 111.4 points per 100 possessions, 26th in the league.“I thought we struggled a little bit before injuries, defensively,” Rivers said. “I did. I thought the slide had started and then the injuries happened and we had to change a lot of the things we were doing and now we have to work our way back there and we have time to do it.”Late-season pick-up?Rivers likes his 15-man roster. Down to Alan Anderson, who provides a strong locker room presence, to developing rookies Diamond Stone and Brice Johnson, everyone has a role.That doesn’t mean Rivers isn’t still looking to make improvements or plan for the future.The coach and president said there is a “50-50” chance the Clippers would either add someone from the buyout market or the Development League, a move that would require waiving someone else.The question came up because of an ESPN report Tuesday that the Clippers could be interested in forward Omri Casspi, waived last month by the Pelicans. While that move doesn’t appear likely, Rivers is keeping open the option of doing something.“We’re always looking at it,” Rivers said, adding, “We’re looking at everything.”A D-Leaguer would be a longer-term play, giving the Clippers a chance to get contract rights to a young player going into next season. “I look at it like a work in progress,” he said.And that’s a matter of perception.“We’re looked at in a different lens,” Rivers said. “I don’t think Golden State is worried about struggling right now. It’s part of the season. Cleveland has lost four out of five, but for whatever reason, if we don’t play great, it’s a different lens.” LOS ANGELES >> The Clippers’ issues can be quickly summed up: a lagging defense, a spike in turnovers and losses at a much higher rate than which they are accustomed.When the Clippers lost to the Milwaukee Bucks on the road two weeks ago, Coach Doc Rivers acknowledged they were in a rut. Before Wednesday’s rematch, he took a more tactful and diplomatic route. The Clippers aren’t struggling, he said.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more