Ohio Energy News: 270,000+ Cut Offs During Pandemic
Seven gas and electric companies cut off 270,000 Ohioans amid the pandemic and still saw billions in profit
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
Market Snapshot / TPI Takeaway for Monday, May 16, 2022
EIA PROJECTS ABOVE $8.00 PER MMBTU FOR THE 2ND HALF OF 2022 PRICES WILL HURT UNTIL SPRING 2023. The EIA is projecting that average pricing will be $7.83 in 2Q 2022 and will average $8.59 in the second half of 2022 Pricing in 2023 will average $4.74 once production begins to catch up to demand.…
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…
U.S. energy-related CO2 emissions rose 6% in 2021
In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels. Learn More: https://www.eia.gov/todayinenergy/detail.php?id=52380
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.
In The News: EIA Naturgal Gas Record
EIA reports Natural gas consumed by U.S. electric power sector sets a January 2022 record
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.