PA Missing Carbon Credits
Two ongoing lawsuits have forced Pennsylvania to skip seven carbon credit auctions since joining the Regional Greenhouse Gas Initiative in early 2022; a delay environmentalists say has cost the state $1.5 billion.
Michigan Carbon-Free Transition News
A Michigan Senate committee takes testimony on bills that would transition the state to 100% carbon-free electricity by 2040.
EIA: Natural Gas Market Retail Vs. Wholesale Pricing
Why do changes in retail natural gas prices lag in wholesale natural gas prices? Mainly due to the nature of utility regulation. So far this year, monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have generally declined. Still, these relatively low prices have not immediately translated into lower retail prices…
Vistra To Sell MW in PJM to Ease Market
Vistra plans to sell nearly 400 MW in PJM to ease market power fears from the Energy Harbor deal. The story >>
Market Snapshot: Energy Market News for Monday, September 18, 2023
EIA: U.S. ELECTRICITY GENERATION BY SOURCE 2018-2024 If you look at the sources of electricity supply, natural gas, coal, and nuclear may have a clear lead, but if you add wind and solar together and then break them down ‘other‘ you find out that renewables are probably in second place as other also accounts for…
News: EPA: Climate law will cut carbon emissions up to 43 percent
The EPA estimates the IRA will lead to economy-wide emission reductions of up to 43% by 2030 compared to 2005. #EPA #emissions #emissionreduction #IRA #utiliies #electricity
Energy Market Snapshot: Week of Sept. 11, 2023
NATURAL GAS: BAKER HUGHES RIG COUNT FOR THE LAST FIVE YEARS Keep an eye on the Natural Gas rig counts. We have dropped from 166 rigs a year ago down to 114 this last week. This is the lowest we have been since just before the Russian invasion of Ukraine. Last winter, we got lucky…
Hottest Summer On Record
This summer was the Earth’s hottest on record, the World Meteorological Organization reports, with July and August marking the world’s hottest months. #climate #climatechange #globalwarming