Tuesday , May 26 2020
Home / Tag Archives: renewables

Tag Archives: renewables

EVs are on a roll. How will US power grids manage rising demand for charging?

The large size of the US auto market and high GDP per capita, as well as easy access to financing options, make it a leading candidate for EV uptake. However, the lack of a strong regulatory foundation represents a substantial barrier, as does the relatively low cost of gasoline and diesel. Depending on the region, S&P Global Platts Analytics forecasts plug-in electric vehicles to reach total cost of ownership parity with internal combustion engine vehicles over the next 10 years. Market...

Read More »

Tracking global energy transition in turbulent times: solar stutters, coal keeps growing

As the extent of the impact of the coronavirus outbreak on economic activity and power demand emerges, newbuild activity in global power faces old and new sets of challenges. The short-term focus has been shifting due to coronavirus-related disruption of manufacturing activity and logistics, but delays will most likely be short-lived. The global power capacity mix has already been shifting toward renewables. S&P Global Platts Analytics estimates that solar photovoltaic, wind and hydro...

Read More »

Rapid renewables growth brings challenges for US states: Part II – Northeast and ERCOT

On a rising number of days each year, some areas of the US have more renewable power than they know what to do with, write Rocco Canonica and Kassia Micek in a two-part series. In this instalment, what’s in store for the Northeast and ERCOT region, and what can they learn from California? California has emerged as a case study for the difficulties power system operators face in the transition to renewables energy. Those challenges, from rapid renewables growth and market penetration,...

Read More »

Rapid renewables growth brings challenges for US states: Part I – California

On a rising number of days each year, some areas of the US have more renewable power than they know what to do with, write Rocco Canonica and Kassia Micek in a two-part series. In this instalment, California provides a case study for other states – how is it coping with the challenges of unpredictable generation and excess output? Renewable power generation growth in the US is soaring and is expected to overtake natural gas-fired power generation by 2045, according to the US Energy...

Read More »

Italian power, gas demand slump illustrates how coronavirus has crippled industry

The fast spread of coronavirus in Italy, along with measures to restrict individual movement – the harshest since World War II – has dragged down power and gas demand in the country and caused prices to collapse. With government-imposed lockdowns coming into force across Europe since, the impact on the region’s energy markets is far from over. Italy could be seen as a case study, as it became the first European country to impose far-reaching measures to curb the spread of COVID-19, putting...

Read More »

Power to the people? UK electricity suppliers disrupt retail market

UK consumers have access to a competitive energy retail market and are able to switch between suppliers with little more than a few clicks online. But electricity bills can still feel divorced from actual energy costs, with households often failing to feel the benefit when newspaper headlines shout about negative electricity prices. The UK energy retail market has traditionally been dominated by the “Big 6” suppliers who have charged consumers a fixed rate for their electricity, regardless...

Read More »

India’s King Coal faces challenge as renewables look to scale up

Coal remains central in the power mix of the developing world, with coal plants still being built across Asia in order to meet rising baseload electricity needs. However, a more challenging macroeconomic environment and slowing power demand growth are raising some questions around the growth of coal even in developing economies. Last year may have marked a turning point in India – a country where coal accounts for over 70% of the power mix – as S&P Global Platts Analytics data shows the...

Read More »

Commodity Tracker: 4 charts to watch this week

As oil markets and the wider commodities complex digest the breakdown of the OPEC+ alliance, they are also assessing the demand-side damage wreaked by coronavirus. In the European power sector, it’s the weather that is holding markets in thrall: wind generation continues to smash records as March proves almost as stormy as February. 1. No reprieve for oil markets as OPEC talks flounder   What’s happening? Oil majors will be hoping the carnage on the oil markets doesn’t last too long...

Read More »

Commodity Tracker: 5 charts to watch this week

The ongoing outbreak of coronavirus, known officially as COVID-19, continues to dominate commodity and energy market developments, as illustrated by this week’s pick of charts from S&P Global Platts news editors. Plus, key trends in EU and US electricity markets. 1. COVID-19 stalls Chinese workers’ return to manufacturing centers…     What’s happening? China’s coastal provinces are heavily dependent on migrant labour from other provinces. Every year millions of these...

Read More »

Commodity Tracker: 7 charts to watch this week

This week’s pick of energy and commodity market trends kicks off with EU biofuels demand prospects and a window of opportunity for Australian crude oil grades. US and European gas market dynamics and Brazilian corn prices are also in the sights of S&P Global Platts news editors this week. 1. Renewables goals boost global biofuels demand     What’s happening? In 2020, each EU member country will need to meet specific national renewable energy targets set by the European...

Read More »