NRG seeing cheaper prices for both coal and gas during first half

coal power april elp

NRG Energy burned only 6.4 million tons of coal during the second quarter of 2016 compared to 9.4 million tons during the second quarter of 2015.

Likewise, the company has consumed only 11.9 million tons of coal during the first half of 2016, compared to 20.9 million tons during the same six months of 2015.

That’s according to data that NRG released Aug. 9 as part of its regularly-scheduled quarterly earnings report.

NRG’s interests in Keystone and Conemaugh (jointly owned plants) are excluded from the fuel statistics schedule, according to a footnote on page 24 of the NRG Energy slide presentation.

The good news is that the NRG coal cost has gone down.

The company’s cost of coal on a dollar per million Btu basis ($/mmBtu) was $2.10 during the second quarter of this year – down from $2.28/mmBtu during 2Q 2015. Coal costs for the first half of 2016 has been $2.21/mmBtu compared to $2.35/mmBtu in 1H 2015.

NRG’s cost of natural gas during the second quarter of this year was only $1.95/mmBtu compared to $2.50/mmBtu in 2Q 2015. During the first half of 2016 NRG recorded a natural gas cost of $2.06/mmBtu compared to $3.30/mmBtu during 1H 2015.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013