💡💸 Brace yourselves: US electricity prices are rising, outpacing annual inflation! 📈 Analysts point to transmission costs and federal policies as key drivers behind the reported 3.6% increase, according to the Bureau of Labor Statistics. Get the full scoop on this electrifying update >>
The FirstEnergy scandal in Ohio is just the tip of the iceberg in the resurgence of fraud and corruption in the U.S. utility sector. As companies aim to spend billions on clean energy initiatives, we must remain vigilant against unethical practices. #utilitysector #corruption #cleanenergy #ethics
Progress on building the power grid lags even as Congress wades through permitting reform bills and regulators advance measures to speed interconnection.
The Maryland Office of People’s Counsel has recently stated that Virginia should bear the transmission costs resulting from its data center incentive policy. The policy has been deemed unfair to Maryland ratepayers. You can read more about this story here: https://www.utilitydive.com/news/maryland-ratepayer-advocate-ferc-pjm-rtep-transmissision-cost-virginia-data-center/707338/
The recent Ohio indictments shed light on the FirstEnergy scandal and the squalid relationships that led to it. The scandal has taken the energy industry by storm and brought to light the corruption and unethical practices that have been taking place. Read the article >>
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across the country in the…
PJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. The 2024 summer forecast peak demand, or load, is 151,254 MW, according to the 2024 PJM…
Federal energy regulators allow New England’s grid operator to delay a forward capacity auction scheduled for February 2025 by a year to update its accreditation methodology to reflect changing generation resources. The story >>