Electricity Companies: John Oliver’s Deep Dive Into the Power
HBO’s Last Week Tonight with John Oliver discussed the incredible amount of power we give electric utility companies, how weakly regulated they are, and more! https://loom.ly/B-dVCQA
Power prices jumped 51% in PJM, and 85% in New England in Q1 due to rising gas prices.
Electricity prices jumped 51%, to $80.28/MWh, in the first quarter of 2022 from $53.30/MWh in that period a year ago in the PJM Interconnection wholesale market, partly driven by an increase in natural gas prices, the grid operator’s market monitor said in a reportreleased Thursday. In New England, wholesale power costs soared 83%, to $137/MWh, in…
PJM releases road map for creating ‘grid of the future’ to handle coming renewables, storage wave
PJM Interconnection unveils its plan to handle the retirement of fossil fuel plants, the expansion of offshore wind and other clean energy, and vehicle and building electrification.
15% Increase in Electric Rates Predicted in New England
The U.S. is on track to see electricity prices rise this summer, with New England likely to see increases as much as 15% due to high natural gas costs.
New LED Lightbulb Standards Announced
The DOE Announced New Cost-Saving Energy Efficiency Standards for Light Bulbs https://www.energy.gov/articles/biden-administration-implements-new-cost-saving-energy-efficiency-standards-light-bulbs
In The News: NYC’s First All-Electric Building
A 60-story skyscraper planned for New York City is set to be the metropolis’ largest completely electric building. Check it Out!
All Eyes On The Natural Gas Market
MARKET CONTINUES TO SHOOT SKYWARD, PASSING $7.00 THE NATURAL GAS MARKET ROSE OVER A DOLLAR LAST WEEK. Storage concerns for next winter continued to drive the price of Natural Gas up and up with no ceiling in sight. A combination of storage worries, Ukraine worries, and cooler weather sent the market up more than a…
Reliability concerns drive the need for energy market design reforms
According to stakeholder filings in a recent Federal Energy Regulatory Commission proceeding, there’s no one-size-fits-all solution to address growing concerns about electric grid reliability.