The U.S. Energy Information Administration has extended forecasts for five key energy trends through December 2026 in its latest short-term outlook, according to a report published on Jan. 15. The agency projects that these trends will have a significant impact on the energy markets over the upcoming two years. Electricity consumption is expected to increase…...
States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps…Read the full report …...
States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps balance electricity demand from variable energy sources like wind and solar, while providing backup power to the grid during peak usage or outages.
The U.S. benchmark Henry Hub natural gas spot price averaged $2.21 per million British thermal units (MMBtu) during 2024, the lowest yearly average price on record, according to a Jan. 8 report published by the U.S. Energy Information Administration. The average natural gas spot price during 2024 was 16 percent lower than its 2023 average…...
The U.S. Energy Department on Jan.7 announced a conditional commitment for a loan guarantee of up to $1.81 billion to Arizona Public Service Company (APS) to finance electric utility projects in Arizona. APS, the largest utility company in the state, will use the loan to invest in clean energy, transmission, and grid resilience projects in…...
Idaho Power will implement new tariffs that will result in a 3.7 percent, or $50.6 million, annual increase in Idaho jurisdictional revenue. The rate increase is significantly lower than the company’s initial request of about $99.3 million. The new rates take effect at the start of 2025, in line with orders from the Idaho Public…...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report …...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.
The Public Utility Commission of Texas on Dec. 12 established new rules to improve demand response for residential electricity consumers through smart responsive device programs. The new rule implements legislation enacted by the 88th Texas Legislature in 2023, which sets a target to decrease the total power consumption of customers participating in residential demand response…...
The Michigan Public Service Commission’s 2024-2025 Winter Energy Appraisal, released on Dec. 5, forecasts a rise in electricity demand among residential and commercial customers. While natural gas demand for residential heating is expected to remain steady, overall demand is projected to rise due to higher usage for electricity generation. Overall electricity demand is projected to…...
The District of Columbia Public Service Commission on Dec. 4 launched a proceeding to initiate an Integrated Distribution System Planning, or IDSP, process to proactively prepare the electric grid to support the demands of the clean energy transition and integrate distributed energy resources such as solar power and energy storage. The commission issued a draft…...
ISO New England Inc. on Dec. 3 announced that the region has sufficient energy resources to meet electricity demand for the winter. The grid operator expects the region’s winter demand under normal conditions to be 20,308 megawatts (MW) and 21,089 MW under below-average temperatures. The region has a total available energy resources of just over…...