Senior decision-makers come together to connect around strategies and business trends affecting utilities.

Post

Industry Forecast: Fact or Fiction?

image credit: Photo 4302385 © Feng Yu | Dreamstime.com
Nevelyn Black's picture
Writer, Independent

Nevelyn Black is an independent writer with a background in broadcast and a keen interest in renewable energy.  In the last few years, she transitioned from celebrity interviews and film shoots...

  • Member since 2017
  • 886 items added with 510,900 views
  • Jan 14, 2023
  • 163 views

“Global coal consumption to reach all-time high this year,’ according to IEA. Shockingly, high natural gas prices have inadvertently reversed or in some cases, delayed the transition to clean energy.  Extreme weather events have forced greater reliance on fossil fuels for reliability and globally, decision-makers are choosing to slow plans to phase out of coal and nuclear power generation. 

  • UK coal-burning power facility will stay open two years longer that planned
  • Bulgaria is rolling back plans to phase out coal
  • Germany may extend the life of its three remaining nuclear power plants
  • China, the world’s biggest coal consumer and producer, will resume Australian coal imports
  • Engie will extend the life of two nuclear reactors in Belgium
  • Japan will restart up to nine more nuclear reactors in time to avert any power crunch over the winter, said Industry Minister Koichi Hagiuda.
  • S. Korea President Yoon Suk-yeol reversed the previous administration's plan to phase out nuclear energy.

In 2021, plans to phase out coal in the U.S. required annual retirements averaging 90 GW over the next decade, removing 40 percent of the existing fleet.  Now, plans have changed.  Global energy consumption is expected to increase by 1.3 percent and providers are concerned about demand.  Extreme weather continues to force energy providers to lean on fossil fuels and delay the green energy transition, according to Economist Intelligence.  The company’s Energy Outlook 2023 anticipates an increase in renewable energy consumption by about 11 percent.  Renewable energy growth will also remain stay strong.

In 2011, nuclear engineer and physicist, Charles Ferguson said that phasing our nuclear power generation was an overreaction to common concerns about nuclear power.  Now, over a decade later, Biden plans to cut U.S. emissions in half and require carbon-free electricity generation by 2035.  To reduce emissions, TVA will replace coal-fired Cumberland Fossil Plant with gas-fueled turbine.

Should we expect to see more coal and nuclear plants be extended to ensure reliability?

Discussions
Ed Reid's picture
Ed Reid on Jan 23, 2023

Conventional generation capacity will have to increase as the push for "all-electric everything" proceeds and intermittent renewable generation expands, to maintain grid reliability until a long-duration storage option is economically available.

Nevelyn Black's picture
Thank Nevelyn for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »