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 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.
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.
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
A 60-story skyscraper planned for New York City is set to be the metropolis’ largest completely electric building. Check it Out!
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…
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.
Energy News: E.U. Recommends Russian Ban The E.U. recommends a complete oil, gas, and coal ban on Russian energy. This recommendation carries no official weight, and, so far, only Russian coal has been sanctioned. But this recommendation is another step closer to Europe banning all Russian energy over the Ukraine invasion. The U.S. will have…