The U.S. Department of Energy Office of Petroleum Reserves announced on Dec. 16 that it will begin repurchasing crude oil for Strategic Petroleum Reserves, or SPR, by buying oil at a lower price than the $96 per barrel average it was sold for. This will be the first fixed price replenishment, in order to secure…...
Net metering policies, which have been instrumental in driving the growth of distributed solar across the U.S., are poised for further evolution as states explore a holistic approach to establish compensation mechanisms. In California, a long-time leader in solar adoption, regulators have approved a significant overhaul of the net metering program, a decision that will likely have broad implications for the industry nationwide.
The California Independent System Operator Board and the Western Energy Imbalance Market Governing Body have approved both the Energy Storage Enhancements and Resource Sufficiency Energy Enhancements initiatives, according to a Dec. 16 news release. The initiatives are expected to be adopted by the upcoming summer when extreme temperatures create high demand during peak hours. The…...
The Federal Energy Regulatory Commission (FERC) staff on Dec. 16 issued its seventeenth annual report on demand response and advanced metering. From 2020 to 2021, demand resource totals in the wholesale markets rose by about 1,833 megawatts representing a 6 percent annual increase. The estimated advanced meter penetration rates nationwide for each of the residential,…...