Latest developments in the policy and regulatory landscape governing competitive retail electricity markets are focused on efforts to enhance consumer protection and benefits. Recent actions range from…Read the full report…...
Latest developments in the policy and regulatory landscape governing competitive retail electricity markets are focused on efforts to enhance consumer protection and benefits. Recent actions range from establishing stricter reviews of electric supplier licenses to cyber and data security requirements.
U.S. peak hourly electricity demand on July 27, 2023, reached 741,815 megawatt hours (MWh), according to an Oct. 5 report from the U.S. Energy Information Administration. The peak hourly demand was the second highest since 2016 and was marginally below the record high of 742,704 MWh last year on Jul. 20. U.S. peak electricity demand…
The average construction costs of natural gas-fired generators, wind turbines and solar PV systems declined in the U.S. during 2021 relative to 2020, according to an Oct. 3 report by the U.S. Energy Information Administration. Average construction expenditures declined by 18 percent for gas fired generators, 5 percent for wind turbines and by 6 percent…...
The U.S. Energy Information Administration in a report published on Sep. 28 lowered its projection of U.S. hydropower generation by 6 percent for 2023, compared to last year. The reduction in the forecast is attributed to weather outcomes in the U.S. Northwest over spring and summer, which led to curtailed water supply. U.S. hydropower capacity…...
Total working gas storage at Southern California Gas Company’s Aliso Canyon Natural Gas Storage Facility has been increased by 67 percent, in order to prevent potential rises in energy prices and support reliability during the upcoming winter 2023-24, according to a Sept. 27 report from the U.S. Energy Information Administration. The California Public Utilities Commission…...
The U.S. Department of Energy on Sept. 21 released a draft environmental review assessing potential environmental impacts associated with allowing the New Fortress Energy Altamira FLNG Project to export natural gas to Mexico, and after liquefaction in Mexico, to other countries in a combined total volume equivalent to 158 billion cubic feet (Bcf) per year…....
In the face of a rapidly evolving energy landscape, federal and state initiatives continue to support the growth and expansion of energy storage solutions. Energy storage plays a key role in the transition to a zero-emission electric grid by enabling the integration of large quantities of renewable energy while improving grid-operating capabilities.
The monthly U.S. natural gas spot price on the U.S. benchmark Henry Hub has largely followed a downward price trend so far in 2023, however these lower wholesale gas prices are not directly being translated into lower commodity rates for residential customers, according to an Sep. 19 report from the U.S. Energy Information Administration. U.S…....