• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour How Far Have We Really Gotten With Alternative Energy
  • 9 days What fool thought this was a good idea...
  • 7 days A question...
  • 12 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 13 days They pay YOU to TAKE Natural Gas
  • 18 days The United States produced more crude oil than any nation, at any time.
Time Running Out for BHP's Anglo American Bid

Time Running Out for BHP's Anglo American Bid

The clock is counting down…

Coal To Make Up 85% Of U.S. Power Capacity Retirements In 2022

Retirements of coal-fired electric power generation capacity are set to speed up this year from a relatively low level of retirements in 2021 to the point of accounting for as much as 85 percent of all capacity retirements in the United States in 2022, the Energy Information Administration (EIA) said on Tuesday.  

This year, power plant operators have scheduled 12.6 gigawatts (GW) of coal capacity for retirement, out of the total 14.9 GW capacity slated to stop operations. The expected coal capacity to be retired in 2022 accounts for 6 percent of the coal-fired generating capacity that was operating at the end of 2021, the EIA said in its latest inventory of electric generators.

Coal retirements averaged 11 GW annually between 2015 and 2020, but slowed to 4.6 GW in 2021. This year, the pace of coal retirements will pick up again, the administration said, noting that old coal power generators have faced increased competition on costs, efficiency, and emissions from natural gas and renewables.

Coal made what analysts describe as a transitory comeback last year, predominantly due to the higher prices of natural gas, which traded in 2021 at double the average price for 2020.

Due to soaring coal-fired power generation in America in 2021, U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, independent research provider Rhodium Group said in preliminary estimates earlier this week. Greenhouse gas emissions rose faster than the growth in U.S. economy last year, largely due to a jump in coal-fired power generation, which increased by 17 percent from 2020, and a rapid rebound in road transportation, primarily freight, Rhodium Group said.

This year, the largest U.S. coal power plant planning to retire is the 1,305-megawatt (MW) William H. Zimmer plant in Ohio. Morgantown Generating Station in Maryland plans to retire its two coal-fired units (1,205 MW combined) in June, followed by two of the plant’s six smaller petroleum-fired units in September, the EIA said.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News