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…...
The 42nd quarterly carbon auction held by California and Quebec sold all of the nearly 51.5 million carbon permits offered under the current auction at a price of $29.27 per allowance, above the floor price of $25.87, according to the results released on Feb. 26 by the California Air Resources Board. The current auction clearing…...
The U.S. Environmental Protection Agency announced the cancellation of 20 grants totaling nearly $61 million as part of a broader initiative to eliminate funding for programs associated with diversity, equity, inclusion, or DEI, and environmental justice, which the current administration deems as wasteful. This marks the second round of cancellations, in collaboration with the Department…...
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 Washington Utilities and Transportation Commission on Feb. 24 approved a settlement establishing new rates for Cascade Natural Gas consumers for the next two years.The new rates will come into effect on March 1, 2025 and incorporate decarbonization and affordability measures for consumers. The settlement raises customer bills, but much less than the company’s original…...
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…...
The Bureau of Land Management’s New Mexico State Office leased seven parcels totaling 1,317 acres for $20.67 million in its quarterly oil and gas sale, according to a Feb. 21 press release. The auction proceeds will be shared between the federal government and New Mexico. BLM New Mexico conducts oil and gas lease sales quarterly…...
The Minnesota Public Utilities Commission on Feb. 21 approved Xcel Energy’s Upper Midwest Integrated Resource Plan, which outlines the utility’s energy resource portfolio for 2024-2040 to improve reliability, energy efficiency, and affordability. The plan includes measures to protect consumers against excessive prices, protect grid systems against extreme weather, integrate more renewable energy resources, and reduce…...
State taxes and fees on gasoline and diesel fuel as of the start of 2025 have averaged $0.33 per gallon (gal) of gasoline and $0.35/gal of diesel fuel, according to a Feb. 21 report published by the U.S. Energy Information Administration. Average taxes on diesel and gasoline have remained largely flat, rising by less than…...
The California Public Utilities Commission on Feb. 20 approved electric resource portfolios to support transmission grid planning and help the state achieve its clean energy targets. The portfolios provide key information for the California Independent System Operator to optimize its 2025-2026 transmission planning to work toward climate goals while ensuring the reliability and affordability of…...
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.
