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

Driver was high during Vestal crash, police say

first_imgVESTAL (WBNG) — Vestal Police say the driver arrrested Tuesday after a five-car crash was high while behind the wheel. After the plunge, authorities explain Seeley was able to make his way up onto the side of the road while being escorted by police officers. He was then placed under arrest. Vestal Police now say narcan was given to 44-year-old Ronald Seeley, of Smithville Flats, on the scene. Police say Seeley was driving southbound on State Route 26 when he hit four other cars before going down into an embankment.center_img The crash happened on State Route 26 at Hazel Drive around 3 p.m. Two people were injured but only one person was taken to an area hospital. Authorities haven’t released an update on their injuries.last_img

Mata happy being senior leader at Man Utd

first_img Loading… “I have been in the same position that they are in now, which is at the front door of their professional careers, so from now it’s very important that they are ready for it and that they stay physically fit and mentally tough because there are some challenges ahead. Read Also:Juan Mata insists Fernandes, Ighalo have the magic to take Man Utd to Europe “And I hope they can find the consistency that is needed to be a professional football player. I think they have the qualities and hopefully they will also, during the process, learn the other things too.” FacebookTwitterWhatsAppEmail分享 Manchester United veteran Juan Mata is enjoying his senior leadership role this season. Mata has taken on a senior position in the squad and has explained to United Review his role as a mentor to younger players. “They know that I am here for them, and I’m here for any of my team-mates,” said Mata.Advertisement Promoted ContentWhich Country Is The Most Romantic In The World?TV Characters Who Hated Each Other But Later Became Friends9 Movie Scenes That Got Re-Shot Because Viewers Didn’t Like Them5 Of The World’s Most Unique Theme Parks7 Facts About Black Holes That Will Blow Your MindBirds Enjoy Living In A Gallery Space Created For ThemWho’s The Best Car Manufacturer Of All Time?10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever MadePlus-Size Girls Who Set The Catwalk On FireCan Playing Too Many Video Games Hurt Your Body?Top 10 Most Romantic Nations In The Worldlast_img read more

The Ultimate Specialist

first_imgRandy Choate is a left-handed pitcher with the St. Louis Cardinals.  Last year he appeared in 70 ball games.  In 51 of those 70 games he only faced one batter.  This means that Choate only pitched 27 1/3 innings.  What a cushy job.  Ha!  Ha!  This means that for pitching that 27+ innings he earned 3 million dollars.  How about that for an hourly rate?In the league, there were 398 one-batter appearances.  This is up 132 appearance from 2014.  When looking at some baseball stats for 2015, I ran across Choate’s name and decided to look up his statistics.  If memory serves me correct, he has been doing this for at least 5 years now  If you have a young son playing baseball, hope he is a left hander and can pitch!  He might find a very cushy major league job if he has the talent.last_img read more

Raji accuses Nyantakyi over Ghana League delay

first_imgChairman of Ghana League Clubs Association (GHALCA), Alhaji Raji says football fans in Ghana should blame the president of Ghana Football Association (GFA); Kwesi Nyantakyi for the delay of the Ghana Premier League.The 2014/2015 First Capital Plus Premier League is yet to be started due to a High Court order of injunction slapped on the Ghana FA. This comes as a result of Alhaji Karim Grusah’s court injunction placed on the congress of the Ghana FA and this has stalled the commencement of the League over five weeks.But in an exclusive interview on Asempa Sports World, Alhaji Ali Raji said the GFA president should be held responsible for the late start of the league.“Everybody should blame Kwesi Nyantakyi for the delaying of the League”.“Everybody should respect my opinion; what am saying is that if up till now we haven’t started the league then the president of the FA should be blame,”Raji added. Meanwhile, report reaching Asempa Sports has indicated that, the clubs have proposed in a meeting held previously that they would want to take charge and organize the league in place of the league board and the FA.They also proposed to play an 18 club league instead of the 16 for King Faisal to remain in the premiership in order to end the court case to pave the way for the league to kick-off.But Executive committee member and owner of Tema Youth FC, Winfred Osei Parma says it is impossible for GHALCA to organize the league.“I can tell you that are impossible because the FIFA law governing our football indicate that is only the FA which can organize league in this country.“What we are saying that is there is something wrong with league so far as our legal system is concern then let us directly attack and resolve or reform the legal framework of the FA but you cannot say that what is happening now is been caused by the Premier League Board(BLP). “You can only blame the FA if the logistical support is not  forthcoming from the FAlast_img read more