EnerKnol Research PU Visual Primer PJM Capacity Auction 2024 08 13 Blog preview

Visual Primer: PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns

Climate Change and Emissions, coal, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Grid Modernization, Integrated Resource Plans, Natural Gas, Power & Utilities, PRODUCTS, REC Feed, Solar, Wholesale Markets, Wholesale Power, Wind

PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.

Georgia Power’s Fuel Rate Changes Expected to Reduce Annual Billings by $329 Million

U.S. Energy Department Awards $2.2 Billion for Eight Grid Improvement Projects

Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS

The U.S. Energy Department on Aug. 6 announced $2.2 billion for eight grid infrastructure projects across 18 states. The core objectives of the investment are to improve grid resilience to extreme weather shocks, increase grid capacity to accommodate growing demand, and integrate clean and renewable power sources into the grid. These grid infrastructure projects are…...

ERCOT’s Final Winterization Report Confident That Texas Grid Is Prepared for Winter Weather

Minnesota Power Secures Regulatory Approval for Transmission Line Upgrade

Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS, Retail Power and Gas

The Minnesota Public Utilities Commission on Aug. 2 approved Minnesota Power’s high-voltage direct-current, or HVDC, transmission project designed to increase capacity to prepare the system for future expansion and address grid reliability. The approval allows for a capacity of up to 900 megawatts (MW), up from the current 550 MW capacity. The project is estimated…...

EnerKnol Research PU Visual Primer Hurricane Beryl 2024 08 06 Blog preview

Visual Primer: Hurricane Beryl Brings New Attention to Texas Power Grid Woes

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Grid Modernization, Power & Utilities, REC Feed, Smart Grid, Solar, Wind

Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to strengthen utility infrastructure to ensure reliability. The hurricane made landfall in the Texas Gulf Coast, a key hub for the U.S. energy industry, on July 8.

Michigan Regulator Approves Energy Efficiency Programs for Low-Income Utility Customers

Wisconsin Launches Home Energy Rebates Program Supported by Inflation Reduction Act

Climate Change and Emissions, Electric Transmission, Energy Efficiency, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS

The U.S. Energy Department on Aug. 2 announced that Wisconsin has unveiled its initial Home Energy Rebates program, supported by the 2022 Inflation Reduction Act. Wisconsin is the first state in the U.S. to inaugurate the Home Efficiency (HOMES) segment of the rebate program. The program particularly empowers lower income families to save on energy…...

Utility Power Shutoffs

U.S. Energy Department Allocates $43 Million to Support Communities Along Propel NY Power Line

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS

The New York Power Authority will receive $43 million funding from the U.S. Energy Department for its Propel NY Energy Sustainable Communities Initiative, providing funding to disadvantaged communities affected by the project. The funding is a part of the Transmission Siting and Economic Development, or TSED, grant program under the 2022 Inflation Reduction Act, or…...

solar panels wind turbines with clouds sky renewable energy

Texas Energy Fund Program Receives Over $24 Billion in Loan Requests for Power Generation Projects

Climate Change and Emissions, Electric Transmission, Energy Storage, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS, Solar, Wind

The Texas Public Utility Commission has received 72 applications for funding via the Texas Energy Fund’s “In-ERCOT Generation Loan Program.” The applications request $24.41 billion to fund 38,379 megawatts (MW) of planned dispatchable electricity generation projects in the Electricity Reliability Council of Texas (ERCOT) region. The In-ERCOT Generation Loan Program, is one of four Texas…...

EnerKnol Research PU Visual Primer IRA 2024 07 09 Blog preview 1

Bipartisan Infrastructure Law and Inflation Reduction Act – Opportunities for Utilities

Climate Change and Emissions, Electric Transmission, Energy Efficiency, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Insights, Grid Modernization, Power & Utilities, PRODUCTS, REC Feed, Smart Grid, Solar, Wind

The enactment of the Infrastructure Investment and Jobs Act (IIJA) in 2021, also known as the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) in 2022, has unleashed billions in federal funding for theenergy sector. These include…Read the full report  …...