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The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
In reality, each gas-fired plant has a different fuel efficiency, but 49.13% is used as a standard in the UK market because it provides an easy conversion between gas and power volumes. The spark spread value is therefore the power price minus the gas cost divided by 0.4913, i.e. Spark Spread = Power Price – (Gas cost/0.4913).
Although solar and wind based power make the big headlines, the real shift taking place today is natural gas encroaching on coal's territory in the U.S. power grid. That's a long-term trend that ...
In Texas, the price drop of natural gas has reduced the capacity factor in 7 of the state's coal plants (max. output 8 GW), and they contribute about a quarter of the state's electricity. [ 26 ] The cost of transporting coal may be around $20/ton for trains, or $5–6/ton for barge and truck.
Thanks to natural gas, energy stocks have been outperforming other sectors and the broader market. Year to date, the S&P 500 Energy ETF (XLE) is up more than 7%, compared to the broad-based index ...
Battery, run-of-the-river hydroelectricity with pondage, variable renewable energy and natural gas turbine generators are examples of dispatchable generators. Seasonal diurnal cycles and climatology, as well as short term meteorological events have significant impacts to grid balancing from both supply and demand perspectives.
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.