EIA: Coal’s share of U.S. electric generation will fall to 21% this year

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Coal production and generation are expected to drop again in 2020 before stabilizing for the near-term, the U.S. Energy Information Administration (EIA) projected in its latest monthly energy forecast.The EIA expects coal’s share of electricity generation will fall from 24% in 2019 to 21% in 2020 and 2021. Meanwhile, the agency expects U.S. production of coal to stabilize in 2021 as export demand rises and U.S. power sector consumption of coal increases slightly due to a projected rise in natural gas.The EIA forecasts Henry Hub natural gas spot prices will average $2.11/MMBtu in 2020 before increasing in 2021, to reach an annual average of $2.51/MMBtu.The drop in coal generation is occurring as natural gas consumption is expected to remain relatively steady. However, electricity generation from renewable energy sources in the U.S. is expected to rise from a 17% share last year to 19% in 2020 and 21% in 2021.Coal production in 2020 is expected to total 573 million tons in 2020, down 17% from 2019 coal production volumes. The EIA said the decline in production volume is a function of falling utility demand for coal. Electric sector demand for coal in the U.S. is expected to fall by 16%, or 86 million tons, in 2020.Coal exports from the U.S. are expected to average about 78 million tons this year, about 9% lower than what the EIA forecast in its February short-term energy outlook. The revision is due to lower expected demand as global markets for coal have weakened. EIA expects metallurgical coal exports to fall from 55.1 million tons in 2019 to 47.2 million tons in 2020 before rebounding slightly to 49.5 million tons in 2021.[Taylor Kuykendall]More ($): EIA’s latest forecast sees coal dropping to 21% of US power generation in 2020 EIA: Coal’s share of U.S. electric generation will fall to 21% this yearlast_img read more

William Hill player scoops $1 million jackpot on Playtech slot

first_imgShare Submit Related Articles A 48-year-old European player on William Hill has become a millionaire after scooping the largest ever progressive jackpot on a Playtech Age of the Gods™ slot game.The anonymous male, who was spinning just $1 per spin, was rewarded with an additional $3,000 bonus following his $997,690 jackpot win on Age of the Gods: King of Olympus™.Since being launched in May 2016, the Age of the Gods™ series of seven games has risen to the top of the best performing slots from Playtech, who last year handed out €154 million in jackpot payouts.The winning player commented: “It is my favourite game, as I have won some smaller amounts before – $50 and $100. Of course, you dream about winning a million, but until now that was all it was.”Shimon Akad, COO at Playtech, said: “Age of the Gods™ has been a major success story across all our major licensees since we launched the first game in May last year, and I’m delighted to see a player win the jackpot on William Hill, one of our longest standing licensees and partners.”Joe Crilly, a spokesman for William Hill, added: “William Hill has been in the business of creating winners for more than 80 years and it is always incredible when someone wins such a life-changing sum of money from such a small wager.” StumbleUpon Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 Playtech goes live in the US with bet365 August 7, 2020 SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Sharelast_img read more