The UK’s Office of Gas and Electricity Markets on July 30 initiated a broad review into how costs are allocated across the energy system, aiming to assess the fairness and efficiency of existing pricing structures for consumers. The effort, titled the Cost Allocation and Recovery Review, will examine the full spectrum of energy system costs,…...
PJM Interconnection LLC’s capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to…Read the full report…...
The Western Energy Markets Governing Body on July 23 has taken a significant step under the California Independent System Operator’s new independent governance framework by voting to preserve a key grid reliability tool, Assistance Energy Transfers, or AET, within the Western Energy Imbalance Market. The mechanism, introduced in 2023, allows balancing authorities to receive emergency…...
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. The law dramatically shrinks the…Read the full report …...
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. The law dramatically shrinks the window for wind and solar projects to qualify for federal tax credits, and expands fossil fuel development on federal lands, reshaping the outlook for energy transition investments across the U.S.
The New York State Public Service Commission on July 17 directed Central Hudson Gas & Electric Corporation to implement new measures over the next three years to reduce natural gas usage in its service territory. The order, issued as part of the utility’s final long-term gas plan, requires the company to develop pilot demand response…...
The U.S. imported around 17 percent of its domestic energy supply during 2024, according to a July 7 report published by the U.S. Energy Information Administration. This marks the lowest share since 1985 and half the record share set during 2006. The reduction in the share of imports over the past two decades is due…...
The Kansas Corporation Commission on July 7 approved two settlement agreements allowing Evergy Kansas Central to recover the costs of constructing two natural gas plants and a utility-scale solar facility. The projects aim to address rising electricity demand and improve grid reliability across the state. Evergy, which provides electric service in Kansas and Missouri, filed…...
The Public Service Company of New Mexico (PNM) has announced its commitment to the California Independent System Operator’s extended day-ahead market, or EDAM. PNM’s commitment, formalized with a signed agreement, initiates an important step in the governance of the Western Energy Markets. Although PNM will join EDAM in 2027, the governance change takes effect immediately…....