The UK’s Office of Gas and Electricity Markets (Ofgem) announced on Feb. 25 a 6.4 percent increase in the energy price cap for the period April to June 2025. The price cap will increase by £111 for an average household annually. For an average homeowner for dual fuel this amounts to £1,849 per year, up…...
U.S. electricity producers plan to retire 12.3 gigawatts (GW) of generation capacity during 2025, up 65 percent compared to retirements during 2024, according to an Feb. 25 report published by the U.S. Energy Information Administration. During 2024, 7.5 GW of generation capacity was phased out from the U.S. electricity grid, the lowest capacity of retirements…...
The U.S. power grid is expected to add 63 gigawatts (GW) of new utility scale electric generating capacity during 2025, about 30 percent higher compared to the 48.6 GW of capacity installed during 2024, according to an Feb. 24 report published by the U.S. Energy Information Administration. The increase in new utility scale electric generating…...
State utility regulators are ramping up oversight of retail electric markets, with recent actions ranging from Massachusetts resuming its review of customer protections to…Read the full report…...
State utility regulators are ramping up oversight of retail electric markets, with recent actions ranging from Massachusetts resuming its review of customer protections to Maryland implementing reforms to market rules.
Residential energy costs for household heating with propane and natural gas for the current winter have increased compared to the previous winter, according to an Feb. 20 report published by the U.S. Energy Information Administration. The agency projects retail energy costs to be 10 percent higher than last winter. The agency in their Winter Fuels…...
The Texas Public Utility Commission Feb. 13 approved a new rule establishing a new program titled “Texas Energy Fund (TEF) Outside of Electric Reliability Council of Texas (ERCOT) Grant Program,” to provide grants to utilities and generators outside of the ERCOT region. Grants made available through this program will support modernization, reliability, resiliency, weatherization, and…...
President Donald Trump on Feb. 14 signed an executive order establishing a council to guide the U.S. towards energy dominance. The National Energy Dominance Council is tasked with providing advice on how best to exercise the President’s authority to increase domestic energy production, including recommending a strategy with long-range goals for achieving energy dominance by…...
The New Jersey Board of Public Utilities on Feb. 12 announced the results of the annual electricity auction for Basic Generation Service, indicating higher costs for electricity supplied to most residents and small and/or medium-sized businesses by the state’s four regulated electric distribution companies. The auction results show that the average electric ratepayer could see…...
The Michigan Public Service Commission on Feb. 11 initiated its annual review of the funding factor for the state’s low-income energy assistance program. This marks the first assessment since the program’s significant expansion, which increased the number of households that qualify for energy assistance and self-sufficiency services. The commission proposed increasing the funding factor for…...
