electricity

Project Financing Biggest Challenge in Mexico Energy Market, Entrepreneur Says

Project Financing Biggest Challenge in Mexico Energy Market, Entrepreneur Says

“The biggest challenge for our customers is to get reliable, affordable and efficient financing for their projects,” Asger Victor Hansen, founder of Kauil Energy in Mexico City, told NGI’s Mexico GPI in the latest installment of its interview series.  Hansen, who is a native of Denmark, founded Kauil Energy, a startup solar energy company, in…

September 24, 2021
California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

The Department of Energy (DOE) has approved a request by California’s electric grid operator to dispatch more than 200 MW of natural gas-fired generation capacity beyond currently permitted levels to compensate for projected shortfalls in power supply. In a letter Wednesday (Sept. 7) to DOE Secretary Jennifer Granholm, the California Independent System Operator’s (CAISO) Mark…

September 13, 2021
Mexico Energy Industry ‘Full of Gems’ for Development, Expert Says

Mexico Energy Industry ‘Full of Gems’ for Development, Expert Says

“There’s been a lot of talk about a downturn in the Mexican energy industry but I don’t necessarily see it that way. There are plenty of gems that are there for the taking in Mexico if you know where to look,” said Dino Barajas, partner at the law firm DLA Piper. “As a potential investor,…

September 10, 2021
Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…

August 9, 2021
Possible Constitutional Reform Worrying Mexico Energy Industry, Expert Says

Possible Constitutional Reform Worrying Mexico Energy Industry, Expert Says

“A change to the constitution is something everybody is thinking about but the road ahead looks a bit more complicated given the results of midterm elections,” David Crisostomo, associate director at IHS Markit and seasoned Mexico energy industry expert, told NGI’s Mexico Gas Price Index.  “The results of the midterm elections show that the room…

July 30, 2021
U.S. Coal Generation Gains Ground from Uri and Higher Natural Gas Prices, Says IEA

U.S. Coal Generation Gains Ground from Uri and Higher Natural Gas Prices, Says IEA

The world’s thirst for electricity this year has led to an uptick in coal consumption and cut into U.S. natural gas consumption, according to the International Energy Agency (IEA). The global energy watchdog on Thursday said the world is getting back  to business following the depths of the pandemic, with energy demand rising quickly. Coal…

July 16, 2021
Xcel, NRG Report Better-Than-Expected Decarbonization Results, Unveil New Goals

Xcel, NRG Report Better-Than-Expected Decarbonization Results, Unveil New Goals

Xcel Energy Inc. and NRG Energy Inc. recently reported carbon dioxide (CO2) reductions of more than 50% from baseline levels and unveiled new goals centered on electric vehicles as the utilities continue to search for ways to lower their emissions footprints. In its 16th annual sustainability report, Xcel reported a 51% CO2 reduction from electricity…

July 7, 2021
Roaring July Contract Expires Above $3.60 as Heat Seen Dominating Through Mid-July

Roaring July Contract Expires Above $3.60 as Heat Seen Dominating Through Mid-July

July natural gas futures charged like a lion Monday, surging 12.1 cents from Friday’s levels as a historic heat wave continued to smother the Pacific Northwest, leading to pipeline issues and amplified demand. Notable heat also blanketed the East Coast, and with forecasts pointing to more hot weather ahead, the July Nymex contract extended its…

June 28, 2021
Despite Midterm Blow, Mexico’s AMLO Still Aiming at Electric Power Reform

Despite Midterm Blow, Mexico’s AMLO Still Aiming at Electric Power Reform

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that his government would work toward a constitutional reform in the electric power sector. “We need a reform so that domestic users, and the poor and middle class, don’t pay more for their electricity than big corporations,” he said. The president…

June 15, 2021
PJM Natural Gas-Fired Capacity to Rise Based on Latest Auction Results

PJM Natural Gas-Fired Capacity to Rise Based on Latest Auction Results

A significant increase in new combined-cycle natural gas plants is expected to add 3,414 MW of capacity to PJM Interconnection’s power supply resources beginning in June 2022 through May 2023, according to the results of its latest auction. This year’s auction produced 144,477 MW of total resources for the 2022/2023 period. Headquartered in Valley Forge,…

June 5, 2021
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