Capacity Pricing On PJM Grid Falls
Capacity prices in most of the grid operator PJM’s territory fell to a 10-year low amid a surge in power generation.
Opinion: Reducing Commercial Energy Use Is First Step
Reducing large commercial and residential buildings’ energy usage is a key first step cities can take to reduce their carbon emissions, says an analyst with a clean energy advisory firm.
Market Snapshot for Monday, June 20, 2022
TPI Takeaway WARMER TEMPERATURES COAST TO COAST WILL RESULT IN HIGHER DEMAND Despite the drop in Natural Gas which has historically been a massive driver of electricity prices, the cost of electricity continues to rise. This is primarily due to extreme temperatures and demand from coast to coast. This summer is predicted to be a…
Electricity Rates Projected to Double From Last Summer!
The EIA has forecast that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per megawatt-hour (MWh) between June and August 2022. Read More >> Complete Details
EIA: Latest LNG Exports
EIA reports that European liquid natural gas (LNG) imports set an all-time historical record high in April 2022 The details: https://www.eia.gov/todayinenergy/detail.php?id=52758
Town Upgrades to LED
A New York town decides to spend roughly $587,000 to swap all its street lights with LED bulbs, a change estimated to save $22,000 a year. https://poststar.com/news/local/warrensburg-to-convert-all-streetlights-to-leds/article_0e558cba-e84c-11ec-bbad-7723df2161d2.html
EIA expects high refinery margins to contribute to increasing fuel production this summer
According to the EIA, U.S. refinery utilization will be relatively high this summer in response to high wholesale prices for petroleum products, such as diesel and gasoline, which have increased more than the crude oil used to make them. https://www.eia.gov/todayinenergy/detail.php?id=52718
EIA: Liquid Natural Gas Exports To Europe Increased
During the first four months of 2022, the United States exported 74% of its liquefied natural gas (LNG) to Europe, compared with an annual average of 34% last year. https://www.eia.gov/todayinenergy/detail.php?id=52659 #EIA #LNG #naturalgasexports #europe #naturalgas