Currents - Energy Industry Insights - August 2019 #2

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A Turning Point for U.S. Power Generation -

"For the first time in U.S. history, renewable energies briefly generated more electricity than coal in April this year, according to the Institute for Energy Economics and Financial Analysis."

Why this is important: In 2016, the cheap price of natural gas due to new technologies and large-scale shale extraction allowed it to replace coal as the main energy source in America. However, renewable energy sources, such as wind, solar, hydroelectric, and bioenergy, are predicted to bump coal to third place, particularly as aging U.S. coal plants are abandoned due to costly maintenance, repairs and inefficiencies. Natural gas and renewable energies "are proving to be more efficient, cleaner and more cost-efficient than coal." While President Trump has campaigned for "ending the war on coal" and disparaged renewable energies, demand for coal has not seen a meaningful turnaround....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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