The U.S. Energy Department on Oct. 22 announced $428 million for 14 projects to support clean energy manufacturing projects in areas that were previously reliant on coal for their local economy. Selected by the Office of Manufacturing and Energy Supply Chains, the projects are led by small and medium businesses and would benefit 15 communities…...
U.S. coal exports from the Port of Baltimore recovered at the back end of May 2024, according to an Oct. 16 report published by the U.S. Energy Information Administration. Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key…...
U.S. thermal coal exports to Asia and Africa increased during the first six months of 2024, according to an Sept. 4 report published by the U.S. Energy Information Administration. Overall U.S. coal exports for both metallurgical and thermal coal rose by 4 million short tons (MMst) to 53 MMst during the first half of 2024,…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.
U.S. coal stockpiles at power plants, as of May 2024 were at their highest level since the first half of 2020, according to an Aug. 5 report published by the U.S. Energy Information Administration. Coal stockpiles were recorded at 138 million short tons at the end of May, up 0.6 percent compared to the previous…...
The quantity of coal transported across the U.S. declined by eight percent during 2023, according to a July 16 report published by the U.S. Energy Information Administration. U.S. coal deliveries have declined over the last two decades, due to coal’s declining share of power in the generation mix. The quantity of coal transported to power…...
The utilization of coal in the electricity generation mix in the PJM Interconnection region has declined over the last 10 years, due largely to higher relative fuel costs, according to a June 17 report published by the U.S. Energy Information. Competitive pressure from other energy sources, particularly natural gas has led to lower coal utilization…...
The U.S. Environmental Protection Agency has finalized carbon emission standards for existing coal-fired and new gas-fired power plants. Under the new rule, coal plants that intend to remain operational in the long term and new baseload gas-fired plants would have to control 90 percent of their emissions. The new rules are projected to reduce 1.38…...
U.S. metallurgical coal, used mostly as a raw material in the steelmaking procedure has been sold on export markets for more than double the price of U.S. coal, used mostly as an input fuel during power production in six out of the last seven years, according to an April 24 report published by the U.S…....
Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key Bridge into the Patapsco River on March 26, according to a report published by the U.S. Energy Information Administration. This has impacted U.S. energy related trading dynamics. The Port…...
The U.S. is projected to retire 5.2 gigawatts (GW) of electricity generating capacity in 2024, according to a Feb. 20 report published by the U.S. Energy Information Administration. The expected retirement of power generating capacity this year is 62 percent lower than 2023 and is the lowest yearly decline since 2008. Coal and natural gas…...
Russia’s coal trading dynamics have been significantly impacted by the country’s invasion of Ukraine and the consequent sanctions imposed by some nations. Russian coal imports to China, Turkiye, South Korea and India have increased significantly, while Russian coal imports to European countries declined following the sanctions, according to a report issued on Jan. 22 by…...