scholarly journals Review of Sector and Regional Trends in U.S. Electricity Markets. Focus on Natural Gas. Natural Gas and the Evolving U.S. Power Sector Monograph Series. Number 1 of 3

2015 ◽  
Author(s):  
Jeffrey Logan ◽  
Kenneth B. Medlock, III ◽  
William C. Boyd
Keyword(s):  
Natural Gas ◽  
Electricity Markets ◽  
Power Sector ◽  
Monograph Series ◽  
Regional Trends

scholarly journals Sensitivity of natural gas deployment in the US power sector to future carbon policy expectations

Energy Policy ◽  
2017 ◽  
Vol 110 ◽  
pp. 518-524 ◽  
Author(s):  
Bryan K. Mignone ◽  
Sharon Showalter ◽  
Frances Wood ◽  
Haewon McJeon ◽  
Daniel Steinberg
Keyword(s):  
Natural Gas ◽  
Power Sector ◽  
Carbon Policy ◽  
The Us

Critical Legal issues in the Nigerian Gas to Power Contractual Arrangements

2021 ◽  
Vol 2 (2) ◽  
pp. 164-181
Author(s):  
Olanrewaju Aladeitan ◽  
Obiageli Phina Anaghara-Uzor
Keyword(s):  
Natural Gas ◽  
Gross Domestic Product ◽  
Federal Government ◽  
Legal Issues ◽  
Electricity Supply ◽  
Power Sector ◽  
Gas Industry ◽  
Contractual Arrangements ◽  
Base Load ◽  
Gas Supply

The natural gas and power sectors are pivotal sectors of the Nigerian economy with reflective effect on its gross domestic product. The Federal Government in its gas revolution agenda is taking giant strides to reposition the sector to more adequately harness its abundant natural gas resources and ensure availability of natural gas to the domestic market with the gas supply to the power sector being regulated to build base load volumes to ensure stable electricity supply to its citizens. The synergic connection of the gas and power sectors can only validly exist upon legitimate contractual arrangements such as the gas sale and purchase agreement, the gas transport agreement and the gas sale aggregation agreement which is unique to Nigerian domestic gas industry. Out of these arrangements flow pertinent legal issues which define clearly the relations between the parties. This paper therefore throws more light on some of these salient issues which arise pursuant to the respective agreements. It is hoped that this discourse would guide and further facilitate a deeper understanding of these critical terms.

United States Energy Policy during the 1990s

2002 ◽  
Vol 101 (653) ◽  
pp. 105-125 ◽  
Author(s):  
Paul L. Joskow
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Natural Gas ◽  
Energy Policy ◽  
Electricity Markets ◽  
Energy Markets ◽  
Gulf War ◽  
Policy Issues

The good performance of energy markets during the seven or eight years following the Gulf War masked many continuing and emerging energy policy challenges that derive from larger domestic and foreign policy issues. The changes in world oil, domestic natural gas, and electricity markets in 1999 and especially 2000 likely reflect the effects of ignoring some of these challenges.

Comparing Flexible CO2 Capture in Gas- and Coal-Dominated Electricity Markets

2011 ◽  
Author(s):  
John R. Fyffe ◽  
Stuart M. Cohen ◽  
Michael E. Webber
Keyword(s):  
Natural Gas ◽  
Co2 Emissions ◽  
Co2 Capture ◽  
Electricity Markets ◽  
Power Plants ◽  
Electricity Price ◽  
Economic Viability ◽  
Electricity Prices ◽  
Modeling Framework ◽  
Co2 Capture Systems

Coal-fired power plants are a source of inexpensive, reliable electricity for many countries. Unfortunately, their high carbon dioxide (CO2) emissions rates contribute significantly to global climate change. With the likelihood of future policies limiting CO2 emissions, CO2 capture and sequestration (CCS) could allow for the continued use of coal while low- and zero-emission generation sources are developed and implemented. This work compares the potential impact of flexibly operating CO2 capture systems on the economic viability of using CCS in gas- and coal-dominated electricity markets. The comparison is made using a previously developed modeling framework to analyze two different markets: 1) a natural-gas dominated market (the Electric Reliability Council of Texas, or ERCOT) and 2) a coal-dominated market (the National Electricity Market, or NEM in Australia). The model uses performance and economic parameters for each power plant to determine the annual generation, CO2 emissions, and operating profits for each plant for specified input fuel prices and CO2 emissions costs. Previous studies of ERCOT found that flexible CO2 capture operation could improve the economic viability of coal-fired power plants with CO2 capture when there are opportunities to reduce CO2 capture load and increase electrical output when electricity prices are high. The model was used to compare the implications of using CO2 capture systems in the two electricity systems under CO2 emissions penalties from 0–100 US dollars per metric ton of CO2. Half the coal-fired power plants in each grid were selected to be considered for a CO2 capture retrofit based on plant efficiency, whether or not SO2 scrubbers are already installed on the plant, and the plant’s proximity to viable sequestration sites. Plants considered for CO2 capture systems are compared with and without inflexible CO2 capture as well as with two different flexible operation strategies. With more coal-fired power plants being dispatched as the marginal generator and setting the electricity price in the NEM, electricity prices increase faster due to CO2 prices than in ERCOT where natural gas-plants typically set the electricity price. The model showed moderate CO2 emissions reductions in ERCOT with CO2 capture and no CO2 price because increased costs at coal-fired power plants led to reduced generation. Without CO2 prices, installing CO2 capture on coal-fired power plants resulted in moderately reduced CO2 emissions in ERCOT as the coal-fired power plants became more expensive and were replaced with less expensive natural gas-fired generators. Without changing the makeup of the plant fleet in NEM, a CO2 price would not currently promote significant replacement of coal-fired power plants because there is minimal excess capacity with low CO2 emissions rates that can displace existing coal-fired power plants. Additionally, retrofitting CO2 capture onto half of the coal-based fleet in NEM did not reduce CO2 emissions significantly without CO2 costs being implemented because the plants with capture become more expensive and were replaced by the coal-fired power plants without CO2 capture. Operating profits at NEM capture plants increased as CO2 price increased much faster than capture plants in ERCOT. The higher rate of increasing profits for plants in NEM is due to the marginal generators in NEM being coal-based facilities with higher CO2 emissions penalties than the natural gas-fired facilities that set electricity prices in ERCOT. Overall, coal-fired power plants were more profitable with CO2 capture systems than without in both ERCOT and NEM when CO2 prices were higher than USD25/ton.

Measuring the Benefits of Greater Spatial Granularity in Short-Term Pricing in Wholesale Electricity Markets

2011 ◽  
Vol 101 (3) ◽  
pp. 247-252 ◽  
Author(s):  
Frank A Wolak
Keyword(s):  
Natural Gas ◽  
Electricity Markets ◽  
Electricity Market ◽  
Short Term ◽  
Locational Marginal Pricing ◽  
Marginal Pricing ◽  
Before And After ◽  
Natural Gas Prices ◽  
The Impact ◽  
Generation Unit

Hourly generation unit-level output levels, detailed information on the technological characteristics of generation units, and daily delivered natural gas prices to all generation units for the California wholesale electricity market before and after the implementation of locational marginal pricing are used to measure the impact of introducing greater spatial granularity in short-term energy pricing. The average hourly number of generation unit starts increases, but both the total hourly energy consumed and total hourly operating costs for all natural gas-fired generation units fall by more than 2 percent after the implementation of locational marginal pricing.

Inventories may drag on US natural gas prices

2016 ◽  
Keyword(s):  
United States ◽  
Natural Gas ◽  
The United States ◽  
Gas Production ◽  
Power Sector ◽  
Content Type ◽  
The Past ◽  
Natural Gas Prices

Significance US natural gas prices have surged over the past six weeks thanks to falling supply, strong demand from the power sector and rising exports. The uptick in prices has provided a glimmer of hope to gas producers in the United States, hard hit by a prolonged slump in prices. Impacts Declining gas production and rising demand will mean increased pipeline imports from Canada over the coming months. Mexico will pay higher prices for US natural gas imports as the Henry Hub benchmark, potentially hitting demand. US producers that have more gas-producing assets in their portfolio will benefit from rising prices.

scholarly journals Accelerated Reduction in SO2 Emissions from the U.S. Power Sector Triggered by Changing Prices of Natural Gas

2012 ◽  
Vol 46 (14) ◽  
pp. 7882-7889 ◽  
Author(s):  
Xi Lu ◽  
Michael B. McElroy ◽  
Gang Wu ◽  
Chris P. Nielsen
Keyword(s):  
Natural Gas ◽  
So2 Emissions ◽  
Power Sector ◽  
The U.S
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