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The reports offer an integrated view of the power business landscape, including analysis of industry structure, trends, and financial performance along the entire electric power value chain. Generation, environmental concerns, technology, transmission, and distribution of electric power are examined from a strategic perspective.
US Greenhouse Gas Reduction: Market Design Issues
Last fall CERA facilitated four public workshops in Washington, DC, supported by the National Commission on Energy Policy and the Edison Electric Institute, which explored the most critical market de ...
Publication Date: APR 2006
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China's Renewables Get Support from New Law
China's first renewable energy law came into effect on January 1, 2006, to help the country increase renewables to 15 percent of China's primary energy consumption by 2020, up from 7 percent today. T ...
Publication Date: APR 2006
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Russian Electricity Reform Moving Forward
In February 2006 the Russian government made its first official commitment to take tangible steps toward privatization of thermal generation assets in the power sector. The power crisis of January 20 ...
Publication Date: APR 2006
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EPA NSR Reform Rejected by Court
In a March 2006 ruling, the US Circuit Court of Appeals for the District of Columbia (DC Circuit) rejected the cornerstone to the Environmental Protection Agency's New Source Review (NSR) reform effo ...
Publication Date: APR 2006
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European Energy Companies Achieving Growth in a Slow-growing Market
The proposed mergers between E.ON and Endesa, and between Suez and Gaz de France will change Europe's corporate energy landscape. Powerful driving forces relating to globalization and to the growth o ...
Publication Date: APR 2006
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Renewed Pressure on Argentine Utilities
Argentine utility companies are feeling renewed pressure from the Argentine government on their business operations as a result of the country's rampant inflation, the Argentine peso devaluation, and ...
Publication Date: APR 2006
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New Power Plant Development: Is Transmission the Missing Link?
Over the next few years North American wholesale power markets will need new generation capacity. The economics for new entrants, however, depend on the degree of certainty over access to the transmi ...
Publication Date: MAR 2006
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CERAWeek 2006: North American Power Highlights
The North American power business needs substantial infrastructure investment over the coming decade. But decisions will have to be made under significant uncertainties about volatile fuel prices, th ...
Publication Date: MAR 2006
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Electric Price Shock: Near-term Effects, Long-term Consequences
Electric customers are experiencing some of the largest price increases in decades, largely due to the rising cost of input fuel. Although policymakers may seek to treat price shock as a short-run pr ...
Publication Date: MAR 2006
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Energy Policy Act Eases Transmission Investment Constraints
Over the next few years substantial transmission investment is needed to keep up with load growth, integrate the next round of generation, and meet renewable and environmental goals. However, the cur ...
Publication Date: MAR 2006
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Special Report: 2005 North American Gas and Power Scenarios
CERA's North American Gas and Power Scenarios Advisory Service has released its Final Report for the 2005 Scenarios. The Final Report documents CERA's four long-term scenario outlooks for the North A ...
Publication Date: MAR 2006
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Ensuring Energy Security
Current events are putting energy security at the fore. But the meaning of the term "energy security" has expanded. Once, energy security really meant "security of oil supplies against disruption." T ...
Publication Date: MAR 2006
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Focus on Energy: Perspectives from CERAWeek 2006
With the global energy supply system under pressure-spiking prices, more integrated world economy, natural disasters, geopolitics, environmental imperatives, technological challenges-the energy indus ...
Publication Date: MAR 2006
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Mergers in Spain: Further Market Concentration or 'Shake-Up' Opportunity?
Gas Natural's attempted takeover of Endesa, triggering a flurry of utility merger activity, highlights the conflict between Europe's liberalization agenda and the priorities of member states and the ...
Publication Date: MAR 2006
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In the Woods: Can Biomass Power Compete?
Wood biomass combustion for power generation has faced difficult challenges in the United States for the past 15 years following a boom triggered by the Public Utility Regulatory Policies Act of 1978 ...
Publication Date: FEB 2006
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Mexico Energy Price Report: Mixed Messages
Mexico's fuel prices are expected to move in opposite directions in the near term. Refined products prices are not expected to decrease given tight availability of refining capacity, but natural gas ...
Publication Date: FEB 2006
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SO2 Market Commentary: Prices Fall, but Market Remains Tight
Between October and December 2005, sulfur dioxide (SO2) allowance prices skyrocketed almost 80 percent from $900 to $1,600 before falling back to $900 in February. The SO2 allowance market remains su ...
Publication Date: FEB 2006
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Special Report: Design Issues for Market-based Greenhouse Gas Reduction Strategies
Last fall CERA facilitated four public workshops supported by the National Commission on Energy Policy and the Edison Electric Institute in Washington, DC, that explored the most critical market desi ...
Publication Date: FEB 2006
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Special Report: Design Issues for Market-based Greenhouse Gas Reduction Strategies - Appendices
Last fall CERA facilitated four public workshops supported by the National Commission on Energy Policy and the Edison Electric Institute in Washington, DC, that explored the most critical market desi ...
Publication Date: FEB 2006
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Merchant Power's Recovery: Four Dimensions of Value
With the worst apparently behind the merchant power sector in North America, many believe the single key dimension of value recovery will be the gradual working off of the generation oversupply. But ...
Publication Date: FEB 2006
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China Market Commentary: Policy Reform on the Horizon
China's energy markets remain tight overall, but continue to move toward balance. Over the past several years, rapid demand growth and high commodity prices have exposed shortcomings in current prici ...
Publication Date: FEB 2006
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Stratospheric CO2?
The price of carbon dioxide (CO2) has reached unexpected levels of €20-€30 in 2005, raising concerns about the compounding impact of the Emissions Trading Scheme on companies' profitability ...
Publication Date: JAN 2006
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The Potential for Game-changing Technology
The probability of an energy technology breakthrough is small, but real. Nevertheless, changes will happen slowly, and for energy industry participants the risk of acting too soon is at least as grea ...
Publication Date: JAN 2006
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Beyond the Crossroads: The Future Direction of Power Industry Restructuring
After nearly a decade of restructuring, progress in moving to competitive electricity markets is mediocre at best. This new CERA Special Report provides a review of our analysis of deregulation in th ...
Publication Date: SEP 2005
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Provincial Profile - Shandong, September 2005
This CERA China Energy Provincial Profile provides unique insight and analysis on the key issues concerning the oil, natural gas, coal, and power industries in Shandong Province, China.
Publication Date: SEP 2005
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Provincial Profile - Guangdong, September 2005
This CERA China Energy Provincial Profile provides unique insight and analysis on the key issues concerning the oil, natural gas, coal, and power industries in Guangdong Province, China.
Publication Date: SEP 2005
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The Energy Policy Act of 2005: Impact on the Electric Power Business
The Energy Policy Act of 2005 will have an immediate and long-lasting impact on the US power business. Through its numerous financial incentives, mandates, rule changes, and realignment of authoritie ...
Publication Date: AUG 2005
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Terra Firma: Merchant Power Plant Prices Hit Bottom
Since the beginning of 2004 there has been a resurgence of investor interest in US merchant generating assets. Could deployment of additional capital by financial sponsors and increased competition f ...
Publication Date: AUG 2005
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Carbon Capture and Geological Storage: Within Our Reach or Beyond Our Grasp?
The capture and geological storage of carbon emissions from power generation may be ready for initial commercialization in a decade, benefiting from technologies already in use in industry, and subst ...
Publication Date: AUG 2005
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Nuclear Power Worldwide: A New Growth Track
Improved economics, concerns over energy security, and the pressure to limit emissions of greenhouse gases are promoting nuclear power's fortunes broadly around the world. Asian nations have been the ...
Publication Date: JUN 2005
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CFE LNG Strategy Signals Change for Mexico's Energy Sector
Mexican national utility Comision Federal de Electricidad's (CFE) entry into liquefied natural gas (LNG) supply contracts signals a seismic shift in Mexico's energy market, with potentially far-reach ...
Publication Date: FEB 2005
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How the Election Results May Influence the Direction of US Electricity Policy
A second term for President George W. Bush and a slightly stronger Republican majority in Congress are not likely to create a significant shift in the direction of US energy policy including electric ...
Publication Date: DEC 2004
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Breezing Up: Intermittent Wind on a Reliable Grid
The rapid growth of wind power worldwide is raising concerns among traditional industry participants that wind's intermittency will threaten grid reliability or impose substantial costs. But evolving ...
Publication Date: OCT 2004
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European Emissions Trading Scheme: Final Countdown to Launch
The European Emissions Trading Scheme (ETS)-scheduled to start January 1, 2005-has been cited as the European Union's principal tool to meet its greenhouse gas (GHG) emissions reduction targets under ...
Publication Date: OCT 2004
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The Coal Quandary
Greater fuel diversity is needed in the next wave of power generation to reduce reliance on natural gas. Although coal appears to be best positioned to provide that diversity, regulators, policymaker ...
Publication Date: OCT 2004
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The Five-year Hangover
Some recovery theorists point to increased asset sale activity, rising coal prices and significant refinancing activity as indications of a rapid recovery for the US merchant power sector. However, f ...
Publication Date: SEP 2004
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Power and Gas Markets in Europe: Liberalization at Risk amid Conflicting Interests
Ten new member states are joining the European Union, a new Parliament has been elected, and a new Commission has been formed. However, these developments will not alter the course of slow but profou ...
Publication Date: SEP 2004
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Optimizing Gas Turbine Maintenance: A Hidden Source of Value?
The common ways that traders, dispatchers, and investors treat gas turbine operating and maintenance (O&M) costs can lead to suboptimal operating and investment decisions. As a result, there may ...
Publication Date: SEP 2004
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Barriers to Exit: Can Financial Sponsors Turn Their New Megawatts into Megabucks?
Will the complexities and uncertainties of the electric power business stymie investors looking only at financial strategy? With little fanfare and surprising speed, financial sponsors have amassed a ...
Publication Date: JUL 2004
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Renewables Portfolio Standards: The Second Wave
Subsequent to an initial wave of state-level renewable energy mandates passed as part of electricity market deregulation in the United States, a "second wave" of renewable energy policymaking is now ...
Publication Date: MAY 2004
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