Early-year cold snaps and strong LNG exports pushed gas prices up, prompting utilities to shift to cheaper coal. A similar trend is emerging as 2025 closes, with coal-fired generation rising and gas output easing as gas prices hit three-year highs. …
News Tag: Reuters
US electric grids brace for scorching heat as energy prices surge
When homes and businesses crank up energy-intensive air conditioners, the risk of power outages increases in extremely hot temperatures if electricity output fails to meet rising consumption. The surge in real-time prices signaled tight energy supplies across major metropolitan areas. …
Trump administration approves coal mine expansion to boost Asia exports
The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump’s energy-emergency directives. …
Trump to fast-track permitting for 10 mining projects across U.S.
The White House on Friday said it will fast-track permitting for 10 mining projects across the United States as part of President Donald Trump’s push to expand critical minerals production. The projects, which would supply copper, antimony, and other minerals – have been granted FAST-41 status, a federal initiative launched in 2015 to streamline approvals …
Renewables not cost competitive until mid-century – Glencore
Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. …
PJM power auction results yield sharply higher prices
An annual power market auction by the largest U.S. electrical grid operator resulted in prices more than 800% higher than last year as supply dwindled and demand increased, the operator said on Tuesday. …
In China’s coal country, full steam ahead with new power plants despite climate pledges
China has decommissioned 70.45 gigawatts (GW) of coal-fired plants in the last decade, and is building far more renewable energy, opens new tab capacity than any other country. Analysts say coal use may peak as soon as this year. But a sudden flurry of approvals of new coal-fired plants in recent years raises doubts about …
Global coal exports and power generation hit new highs in 2023
Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues to grow despite widespread efforts to cut back on fossil fuels. …
Fossil fuels still dominate global power systems
Over 60% of global electricity generated so far in 2023 was produced by fossil fuels, despite the ongoing aggressive roll-out of renewable energy sources in every major economy. …
