https://www.miningweekly.com

Coal supplying less US power than gas, renewables and nuclear

13th April 2023

By: Bloomberg

  

Font size: - +

Coal use in the US power market is set to decline for a second year in succession as utilities increasingly shift to cheaper and cleaner natural gas and renewables.

The dirtiest fossil fuel will supply about 17% of US electricity this year, according to Energy Department data released Tuesday. That’s down from 20% last year and continues a decades-long decline. Coal will now supply less electricity than gas, renewables or nuclear plants.

Coal and gas prices surged last year after Russia’s invasion of Ukraine upended global energy markets and drove up demand for US fossil fuels. Coal prices remain elevated but gas has come down sharply, making it more attractive to utilities.

About 11 gigawatts of coal plants have closed in the past year, representing 5% of the fuel’s US capacity, according to the Energy Department.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

This week: Mintek targeting global flotation research recognition; First doré gold bar pour at DRDGOLD’s new Far West smelt house and, Expansion plans pointing to 75% increase in Sibanye-Stillwater’s chrome volumes
Resources Watch
Updated 1 hour 2 minutes ago

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.052 0.09s - 128pq - 2rq
Subscribe Now