Download or read book Review of Sector and Regional Trends in U S Electricity Markets Focus on Natural Gas Natural Gas and the Evolving U S Power Sector Monograph Series Number 1 written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores dynamics related to natural gas use at the national, sectoral, and regional levels, with an emphasis on the power sector. It relies on a data set from SNL Financial to analyze recent trends in the U.S. power sector at the regional level. The research aims to provide decision and policy makers with objective and credible information, data, and analysis that informs their discussions of a rapidly changing energy system landscape. This study also summarizes regional changes in natural gas demand within the power sector. The transition from coal to natural gas is occurring rapidly along the entire eastern portion of the country, but is relatively stagnant in the central and western regions. This uneven shift is occurring due to differences in fuel price costs, renewable energy targets, infrastructure constraints, historical approach to regulation, and other factors across states.
Download or read book Review of Sector and Regional Trends in U S Electricity Markets Focus on Natural Gas Natural Gas and the Evolving U S Power Sector Monograph Series Number 1 of 3 written by and published by . This book was released on 2015 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores dynamics related to natural gas use at the national, sectoral, and regional levels, with an emphasis on the power sector. It relies on a data set from SNL Financial to analyze recent trends in the U.S. power sector at the regional level. The research aims to provide decision and policy makers with objective and credible information, data, and analysis that informs their discussions of a rapidly changing energy system landscape. This study also summarizes regional changes in natural gas demand within the power sector. The transition from coal to natural gas is occurring rapidly along the entire eastern portion of the country, but is relatively stagnant in the central and western regions. This uneven shift is occurring due to differences in fuel price costs, renewable energy targets, infrastructure constraints, historical approach to regulation, and other factors across states.
Download or read book Capitalizing on the Evolving Power Sector written by and published by . This book was released on 2013 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. electric power sector faces a significant transition over the next decade, with implications for the cost, reliability, and environmental impacts of the electricity supply. Specifically, economic trends and state and federal energy and environmental policies will continue to increase the share of natural gas and renewable energy in the generation mix. This ongoing shift provides an important opportunity to consider policies and institutional structures that help the electric grid adapt to changes in market conditions, policy, and technology in ways that enhance system reliability and maintain affordability. Low natural gas prices in the near- to medium-term will be a key driver of changes in the sector and further underscore this opportunity. As the fuel portion of the cost of electricity declines for many customers, there is a strong argument for an increased focus on the investment necessary to build a modernized grid that will deliver electricity that is both affordable and reliable. This report provides findings and recommendations from the Bipartisan Policy Center's (BPC) Electric Grid Initiative. The task force developed recommendations in four broad policy areas: (1) encouraging efficient transmission and distribution investment, (2) advancing planning and operational coordination across jurisdictions, (3) enabling a more flexible and resilient system, and (4) monitoring and enhancing operational reliability.
Download or read book Energy Research Abstracts written by and published by . This book was released on 1987 with total page 1294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Considering the Role of Natural Gas in the Deep Decarbonization of the U S Electricity Sector Natural Gas and the Evolving U S Power Sector Monograph Series Number 2 written by and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas generation in the U.S. electricity sector has grown substantially in recent years, while the sector's carbon dioxide (CO2) emissions have generally declined. This relationship highlights the concept of natural gas as a potential enabler of a transition to a lower-carbon future. This work considers that concept by using the National Renewable Energy Laboratory (NREL) Renewable Energy Deployment System (ReEDS) model. ReEDS is a long-term capacity expansion model of the U.S. electricity sector. We examine the role of natural gas within the ReEDS modeling framework as increasingly strict carbon emission targets are imposed on the electricity sector. In addition to various natural gas price futures, we also consider scenarios that emphasize a low-carbon technology in order to better understand the role of natural gas if that low-carbon technology shows particular promise. Specifically, we consider scenarios with high amounts of energy efficiency (EE), low nuclear power costs, low renewable energy (RE) costs, and low carbon capture and storage (CCS) costs. Within these scenarios we find that requiring the electricity sector to lower CO2 emissions over time increases near-to-mid-term (through 2030) natural gas generation (see Figure 1 - left). The long-term (2050) role of natural gas generation in the electricity sector is dependent on the level of CO2 emission reduction required. Moderate reductions in long-term CO2 emissions have relatively little impact on long-term natural gas generation, while more stringent CO2 emission limits lower long-term natural gas generation (see Figure 1 - right). More stringent carbon targets also impact other generating technologies, with the scenarios considered here seeing significant decreases in coal generation, and new capacity of nuclear and renewable energy technologies over time. Figure 1 also demonstrates the role of natural gas in the context of scenarios where a specific low-carbon technology is advantaged. In 2030, natural gas generation in the technology scenarios is quite similar to that in the reference scenarios, indicating relatively little change in the role of natural gas in the near-to-mid-term due to advancements in those technology areas. The 2050 natural gas generation shows more significant differences, suggesting that technology advancements will likely have substantial impacts on the role of natural gas in the longer-term timeframe. Natural gas generation differences are most strongly driven by alternative natural gas price trajectories--changes in natural gas generation in the Low NG Price and High NG Price scenarios are much larger than in any other scenario in both the 2030 and 2050 timeframes. The only low-carbon technology scenarios that showed any increase in long-term natural gas generation relative to the reference case were the Low CCS cost scenarios. Carbon capture and storage technology costs are currently high, but have the potential to allow fossil fuels to play a larger role in low-carbon grid. This work considers three CCS cost trajectories for natural gas and coal generators: a baseline trajectory and two lower cost trajectories where CO2 capture costs reach $40/metric ton and $10/metric ton, respectively. We find that in the context of the ReEDS model and with these assumed cost trajectories, CCS can increase the long-term natural gas generation under a low carbon target (see Figure 2). Under less stringent carbon targets we do not see ReEDS electing to use CCS as part of its electricity generating portfolio for the scenarios considered in this work.
Download or read book ERDA Energy Research Abstracts written by and published by . This book was released on 1987 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Natural Gas in the U S Economy Opportunities for Growth written by Robert Pirog and published by Createspace Independent Pub. This book was released on 2012-11-21 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the growth in natural gas production, primarily from shale gas, the United States is benefitting from some of the lowest prices for natural gas in the world and faces the question of how to best use this resource. Different segments of the U.S. economy have different perspectives on the role natural gas can play. Suppliers, which have become the victims of their own production success, are facing low prices that are forecast to remain low. Some companies that have traditionally produced only natural gas have even turned their attention to oil in order to improve their financial situation. Smaller companies are having a difficult time continuing operations and larger companies, including international companies, have bought into many shale gas assets. Prices have remained low even as consumption has increased, in part, because producers have raised production to meet the demand and because companies have improved efficiency and extraction techniques. Some companies, many with large production operations, have applied for permits to export natural gas. This has raised concerns from consumers of natural gas that domestic prices will rise. The debate regarding exports is ongoing. Industries that consume natural gas have seen input costs drop, and some have heralded low natural gas prices as the impetus for a manufacturing revolution in the United States. Some companies have begun to make major investments to take advantage of the low natural gas prices, particularly in petrochemicals. Other companies are waiting to see if prices will remain low long enough to warrant major investments in new facilities. Meanwhile, the electric power sector has already seen a transition from coal-fired generation to natural gas. Low natural gas prices are also putting pressure on renewable sources of power generation. However, increases in demand will put upward pressure on natural gas prices. The transportation sector, the one part of the economy vulnerable to foreign energy supplies, is beginning to explore ways to use more natural gas. Transportation makes up less than 1% of U.S. natural gas consumption and would require billions of dollars in investment to increase that share significantly. All of the change that has taken place so far has occurred despite environmental concerns and regulatory developments at the state and federal level that might curtail production. Natural gas is a fossil fuel that produces various pollutants, some more than other fossil fuels and some less. Methane, the major component of natural gas, is also a potent greenhouse gas when released without burning. Other environmental concerns focus on water use and disposal in hydraulic fracturing to extract natural gas from shale formations. Over the next five years, many of the issues being debated now may be decided. The industry and market are adapting to the newly found supplies and the concerns associated with them, as well as integrating more natural gas into the economy. There are many evolving issues some of which Congress can influence directly because of statutes and some indirectly. On the demand side, legislation has been introduced regarding exports of liquefied natural gas and alternative fuels for vehicles. There has been other legislation related to environmental regulations of natural gas.
Download or read book Natural Gas in the Electricity Sector written by Timothy B. Wright and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses several aspects of the changing context of natural gas in the U.S. electric power sector. Increasingly plentiful and affordable natural gas has catalysed major changes in U.S. power generation and has helped to boost U.S. economic recovery. Increased substitution of natural gas for coal in power generation has also cut U.S. GHG emissions. However, processes to produce natural gas, shale gas in particular, have also elevated environmental and safety concerns in certain regions of the country. The rapid rise of natural gas is also beginning to drive more thought on longer-term energy policy issues such as the appropriate level of generation diversity (given the history of volatile prices for natural gas), and trajectories of natural gas use that will still allow GHG mitigation sufficient to address the climate challenge. This book is intended to help inform these energy policy and investment discussions, and outlines the current dynamics of natural gas in the power sector and the selected challenges and opportunities in the use of natural gas to generate electricity.
Download or read book Monetizing Natural Gas in the New New Deal Economy written by Michelle Michot Foss and published by Springer Nature. This book was released on 2021-05-11 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent updates and analysis of new trends and developments. It also explores many considerations for natural gas market development, such as the importance of infrastructure, transparent pricing, and institutional capacity. This book is unique in providing background on the full natural gas value chain as well as information and analysis that can foster scenario-building and decision-making. Of particular value are the lessons learned and demonstrated for those countries that aspire to build effective natural gas markets and to expand natural gas development and use.
Download or read book The Natural Gas Sector written by Arnold Reed and published by . This book was released on 2016 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent expansion in natural gas production has made the resource an increasingly significant component in the U.S. energy market. Further, a number of policies recently proposed and/or promulgated at the federal, state, and local levels may serve to accelerate this development. Examples of federal policies include U.S. Environmental Protection Agency air standards for power plants and vehicles, as well as bills introduced in the 114th Congress to promote increased natural gas production on federal lands, amend provisions in the tax code to incentivize natural gas production and use, and streamline the approval, permitting, and/or construction of natural gas infrastructure. Many of these proposals promote technology and infrastructure investments that could be significant and long lasting. For this reason, some stakeholders recommend a thorough analysis of the costs and benefits of these proposals as well as a full assessment of the economic and environmental impacts of increased natural gas development. Fuel-switching strategies from other fossil fuels to natural gas have the potential to impact many segments of the general economy, including jobs, investments, infrastructure, national security, human health, safety, and the environment. The net climate impact of replacing other fossil fuels with natural gas depends upon a number of analytic assumptions, including the choice of fuel, end-use sector, equipment, and processes modeled. This book presents a comparative analysis of the potential climate implications of switching from coal to natural gas in the domestic electric power generating sector. Furthermore, this book provides information on the natural gas industry and the types and sources of air pollutants in the sector. It examines the role of the federal government in regulating these emissions, including the provisions in the Clean Air Act and EPA's regulatory activities. It concludes with a brief discussion of the aforementioned outstanding issues.
Download or read book Development of Natural Gas and Pipeline Capacity Markets in the United States written by Andrej Juris and published by World Bank Publications. This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Natural Gas in the Electricity Sector written by Timothy B. Wright and published by . This book was released on 2013 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses several aspects of the changing context of natural gas in the U.S. electric power sector. Increasingly plentiful and affordable natural gas has catalyzed major changes in U.S. power generation and has helped to boost U.S. economic recovery. Increased substitution of natural gas for coal in power generation has also cut U.S. GHG emissions. However, processes to produce natural gas, shale gas in particular, have also elevated environmental and safety concerns in certain regions of the country. The rapid rise of natural gas is also beginning to drive more thought on longer-term energy policy issues such as the appropriate level of generation diversity (given the history of volatile prices for natural gas), and trajectories of natural gas use that will still allow GHG mitigation sufficient to address the climate challenge. This book is intended to help inform these energy policy and investment discussions, and outlines the current dynamics of natural gas in the power sector and the selected challenges and opportunities in the use of natural gas to generate electricity.
Download or read book The World Market for Natural Gas written by Andrea Gilardoni and published by Springer. This book was released on 2010-10-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a product of investigations conducted within the Global Utility Research Unit (Guru) of Agici Corporate Finance (Milan, Italy). More specifically, it is the result of a project developed by the Observatory on Alliances and Strategies in the Pan-European Utility Market set-up seven years ago with the contribution of Accenture. The project, entitled “Pan-European Gas Industry Scenario – Truth and Lies”, was presented at the 2008 Milan annual international conference (www. agici. it). I would therefore like to thank Luca Cesari, Claudio Arcudi and Massimo Pagella from Accenture for their continued support. The scope of this book is to shed some light on a market, that of natural gas, which is highly complex and at the same time of fundamental importance for Europe for at least the next 20 years. We do not intend to build a theory but only to develop a better understanding of the key factors. We fully recognise that the each of the issues we cover deserves further investigation and we are also well aware that we may have omitted a number of important considerations and topics. These shortcomings are - at least in part - justified by the desire to keep the book to a r- sonable size for editorial reasons.
Download or read book Fossil Energy Update written by and published by . This book was released on 1981 with total page 886 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foundations of Natural Gas Price Formation written by Sergei Komlev and published by Anthem Press. This book was released on 2020-09-25 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas pricing should be as critically important to the general public as it is to industry specialists. Pricing is the basis of balancing the interests of European and Asian consumers of power and electricity with those of the limited number of potential suppliers of natural gas. Given that natural gas is a foundational transition fuel source that will not be supplanted by renewals for many, many years, the consequences of market failure from incorrect pricing mechanisms could result in the industry missing the new investment cycle. In addressing the critical balancing role of natural gas pricing, ‘Foundations of Natural Gas Price Formation’ presents an in-depth analysis of the fundamentals of natural gas price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity by examining the specific factors underpinning gas pricing that result in a hybrid pricing system special to natural gas. The book argues that the patrons of spot pricing through gas hubs are promoting an incorrect understanding of gas markets that will lead to market failure and to potential critical supply shortages in the near future. ‘Foundations of Natural Gas Price Formation’ defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.
Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1981 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Natural Gas Market Through 1990 written by and published by . This book was released on 1983 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
