Today in Energy - U.S. Powering Up on Gas, Renewables
By U.S. Energy Information Administration - Tue Aug 21 13:00:00 CDT 2012 CT
Related Keywords: Energy, Market Fundamentals
Today in Energy - U.S. Powering Up on Gas, Renewables

Most New Electricity Capacity Bypasses Coal

About four-fifths of new U.S. power-generation capacity brought online during the first half of 2012 is fueled by natural gas, wind or sunlight, extending a trend toward cleaner, renewable sources stretching back to the 1990s, according to the Energy Information Administration.

During the first six months of the year, 165 new electric power generators were added in 33 states, for a total of 8,098 megawatts of new capacity. Only one coal-fired generator was brought online, an 800-megawatt unit at the Prairie State Energy Campus in Illinois.

Over the past 15 years, most new generation capacity was built to be powered by gas or wind, according to EIA, the statistical arm of the Energy Department.

“The addition of natural gas and renewable generators comes at a time when natural gas and renewable generation are contributing increasing amounts to total generation across much of the United States,” the EIA said. One particular type, "combined-cycle" natural gas generators, is "competitive with coal generators over a large swath of the country."

Read Full Report

 


 
 
 
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.