Coal & Natural Gas Power in New York
The Coal and Natural Gas Power industry in New York struggled over the past five years as falling commodity prices and rising demand for other forms of energy drove revenue downward. Furthermore, slow electricity price growth and electricity consumption in both the state and the US as a whole during the five-year period compounded revenue declines for the industry. Despite increased natural gas generation during the period, environment regulations in the state of New York are expected to stymie the industry. Over the next five years, environment regulation and increased external competition from other sources of energy are expected to continue to plague the industry. Nevertheless, more-consistent economic growth and higher electricity prices will dampen the losses the industry encounters.
This industry operates fossil fuel-powered power plants, which burn coal and natural gas to power steam turbines that generate electricity. Industry operators sell generated power to regulated transmission and distribution utilities and on wholesale electricity markets. This industry does not include government-owned and -operated power plants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook