Energy storage is evolving to be an essential part of the energy transition given its ability to provide power on demand and optimize grid performance amid the proliferation of intermittent renewable energy resources.
U.S. carbon markets drew strong participation in recent auctions reflecting potentially higher demand for carbon allowances in anticipation of more stringent federal and state climate policies. Washington is advancing a new cap-and-invest program, while Vermont is examining options for a similar initiative to cut transportation sector emissions.
Energy utilities across the U.S. are expanding opportunities for customers to participate in programs designed to reduce their carbon footprint. Green pricing options have been on the rise, encouraging consumers to meet a portion of their electricity needs from renewable energy resources. Carbon offset programs are becoming popular among natural gas utilities, allowing customers to compensate for their combustion-related emissions.
U.S. President Joe Biden announced on March 8 that the U.S. will ban imports of Russian oil and gas and energy, “targeting the main artery of Russia’s economy.” This is latest action taken by the Biden administration in response to Russia’s invasion of Ukraine that began nearly two weeks ago. Biden noted that the effort…...
The Indiana Utility Regulatory Commission on Feb. 23 approved a rate settlement agreement that will decrease the annual revenues of Indiana Michigan Power Company by 5.9 percent or $94.7 million. This will occur over two phases with the first phase effective immediately. The second phase will take effect in January 2023. The order represents a…...
Power plants and electricity assets in Texas increased output to meet higher demand, during a cold weather snap earlier this month, according to a Feb. 14 report from the U.S. Energy Information Administration. Power generators, so far this year, have remained resilient and have avoided widespread power outages, like those witnessed in February 2021, when…...
Long-term planning strategies of electric utilities across the U.S. reflect the growing trend towards phasing out coal-fired power generation while embracing renewables. Coal power plants account for 85 percent of electric generating capacity scheduled to retire in the U.S. during 2022, according to the U.S. Energy Information Administration (EIA).
Pennsylvania exported 78 million megawatt hours (MWh) of generated electricity to neighbouring states in 2020. This is the highest among any other state, despite other states such as Texas and Florida, producing more electricity, according to a Feb. 7 report from the U.S. Energy Information Administration. During 2020 more than 230 million MWh of electricity…...
The Massachusetts Department of Public Utilities on Feb. 2 approved a three-year energy efficiency plan filed by the state’s electric and gas utilities for the period of 2022-2024. The energy savings targets set forth in the plan are designed to better align the Mass Save programs with the state’s climate goals. The program has a…...
Revisions to rules governing competitive retail electricity markets are focused on strengthening customer protections while exploring ways to expand access to these markets. Recent actions include efforts to open retail electric competition in Arizona, Connecticut’s investigation into supplier offers, and Maine’s update to marketing standards for retail electric services.
