Thermal Power Policy - North America Handbook 2010

March 1, 2011 - PRLog -- Natural gas fired power generation has seen phenomenal growth in the US power sector in the past few decades. The higher calorific value of natural gas, with 43% fewer CO2 emissions per MegaWatt Hour (MWh) relative to coal, and the improved efficiency of natural gas combined cycle power plants have been the major drivers of the growth of natural gas fired power generation in the US. Ability to provide power at peak and intermediate loads, greater efficiency of generation relative to coal-based power generation due to technological advancements have also expedited the growth of gas-based power generation.

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With increasing concerns about climate change stirred by rising GHG emissions, natural gas based power generation has been fast replacing more polluting, older coal-fired power plants. Increasingly regarded as the transient fuel, natural gas can potentially eliminate nearly one-third of the total carbon emissions of the US by 2030 through substituting coal in power generation. Historically, natural gas based power plants have seen the highest growth amongst fossil fuels. The total gas based installed generation capacity and generation increased annually at 7.2% and 4.6% during the period 2000-2009 respectively. Suppressed coal prices for the last two years and soaring coal prices in 2009 due to demand from Asia and environmental regulations have also helped drive coal-to-gas fuel switching in the power generation industry. With abundant shale gas production in the US, gas is expected to continue to fuel power generation in the US. Emission caps stipulated under the Clean Air Act, and Environment Protection Agency’s target of 17% reduction of 2005 emission levels by 2020 and emission reduction targets adopted by states have been expediting the growth of gas based power generation in the US. The development of Combined Heat and Power (CHP) technology and financial incentives for energy efficiency accelerated the development of gas-based power generation in the US in recent years.

GlobalData’s new report, “Thermal Power Policy – North America Handbook 2010” is a comprehensive report on thermal power policy in North America. The report provides information on the key regulations and policies addressing the concerns facing the thermal power sector in the US and Canada. The report provides a brief overview of the thermal power sector in the US and Canada and analyses the impact of the existing and proposed regulations on the thermal power sector of the US and Canada. Policies and programs relating to emission reduction, energy efficiency, research and technological innovation and competition in electricity at federal and state/provincial level have been covered extensively in the report.

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