PJM Interconnection LLC's capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to bring stability to the market after last year’s unprecedented ninefold price surge.
Commercial computing electricity consumption is expected to increase at a faster rate than any other end use in buildings by 2050, according to the U.S. Energy Information Administration. Computing accounted for a projected eight percent of commercial sector electricity usage during 2024 and is expected to increase to 20 percent by 2050. The agency forecasts…...
The U.S. Energy Department has been issuing emergency orders to address potential grid shortfall issues amid surging power demand in the summer season. The latest order, issued on June 24, authorizes Duke Energy Carolina to temporarily utilize certain electric generating units within its service territory in North Carolina and South Carolina to operate at their…...
Across the U.S., accelerating electrification and large-load growth driven by data center expansion are contributing to higher demand projections, while generator retirements are outpacing the addition of new supply. These converging trends are tightening reliability margins and increasing the risk of resource adequacy shortfalls.
The U.S. Energy Department on May 21 announced it will reallocate $365 million in funding to tackle Puerto Rico’s grid resiliency and develop access to secure, reliable and affordable power supply. The funding, directed through the Puerto Rico Resilience Fund, will be used to support practical fixes and emergency actions that provide a speedy, more…...
Recent actions across U.S. states reflect the growth of virtual power plant (VPP) initiatives, as utilities and regulators evaluate aggregated customer-sited assets to manage peak demand, enhance reliability, and reduce system costs. States are moving forward with…Read the full report …...
Recent actions across U.S. states reflect the growth of virtual power plant (VPP) initiatives, as utilities and regulators evaluate aggregated customer-sited assets to manage peak demand, enhance reliability, and reduce system costs. States are moving forward with new pilots, incentive programs, and regulatory structures that support the integration of distributed energy resources (DERs) into grid operations and long-term planning.
PJM Interconnection on May 2 announced the selection of 51 generation projects aimed at quickly strengthening grid reliability as electricity demand rises and older plants retire. The projects, selected under the grid operator’s one-time Reliability Resource Initiative, or RRI, will collectively add over 9,300 megawatts of capacity over the next several years. RRI is a…...
Electricity use in New England is set to grow over the next decade, reversing a long-standing trend of declining demand. Annual electricity consumption in the region is projected to rise by 11 percent through 2034, with most of the increase attributed to the growing use of electric vehicles and heating systems, according to a new…...
Policy changes under the Trump administration are affecting the electric vehicle (EV) industry, from halting federal funding for charging infrastructure to rolling back vehicle emission standards. Meanwhile, several states are advancing initiatives to…Read the full report …...