The Southwest Power Pool announced on Sep. 6, 2022 that several entities in Arizona have pledged to support the next stage of the Markets + development. Arizona Electric Power Cooperative, Arizona Public Service Company, Salt River Project and Tucson Electric Power join seven other organizations that earlier pledged to support market development. Markets+ is a…...
U.S. consumers spent $1 trillion on energy expenditures in 2020, the lowest amount since 2002, according to an Aug. 29 report from the U.S. Energy Information Administration. Total energy expenditure is the sum of the entire amount consumed across all sectors, such as residential, industrial, commercial, and transportation. Energy consumption decreased by 7 percent from…...
The U.S. Energy Department on Aug. 26 announced $425 million in formula funding through the State Energy Program, SEP, to help states expand their clean energy programs and ramp up deployment under the 2021 Infrastructure Investment and Jobs Act. The funding is expected to create jobs, boost financial growth, lower individuals’ energy prices, and reduce…...
The U.S. Energy Department awarded more than $540 million for research in clean energy technologies and low-carbon manufacturing to 54 state universities and 11 national labs across 34 states and the District of Columbia, according to an Aug. 25 news release. The investment will facilitate research activities that are crucial to advance solar and nuclear…...
The Southwest Power Pool Inc. (SPP), the grid operator for 17 states in the central and western U.S., on Aug. 16, 2022, announced that its “Market+” service offering designed to provide hurdle-free transmission service and facilitate reliable integration of fast-growing renewable resources, has gained the attention of customers in the Western Interconnection. The service, which…...
The Washington Utilities and Transportation Commission on Aug. 15 announced a partial multi-party settlement in Puget Sound Energy’s existing rate increase request, explicitly addressing the company’s Green Direct Program. The agreement is subject to authorization by the three member commission. The program permits commercial and governmental clients to willingly purchase 100 percent of their energy…...
The Inflation Reduction Act of 2022 (IRA), passed by the U.S. Congress on Aug. 12, includes a historic $369 billion investment in energy security and climate change programs over the next ten years.
In 2020, seven U.S. states experienced the largest declines in their annual energy production in the last six decades, according to an Aug. 8 report from the U.S. Energy Information Administration. This is due to the decrease in economic activity due to the COVID-19 pandemic. Among all the states in the U.S., Wyoming experienced a…...
The U.S. Senate on Aug. 7 approved the Inflation Reduction Act of 2022, which includes $369 billion for energy security and climate change programs over the next ten years. Among the key climate and clean energy provisions, the bill would expand the investment tax credit for clean energy manufacturers, establish the first hydrogen production tax…...
Grid modernization efforts are increasingly focused on resilience and reliability to protect the system against extreme weather and cyberattacks. Lawmakers and regulators are pursuing reforms to ensure that policies keep pace with the rapidly changing resource mix to facilitate the transformation to a future grid capable of integrating the increasing number of intermittent resources and electric vehicles.
