Monthly residential electric bills this summer (June through August) are projected to average $173 in the U.S., marginally higher than last summer’s average of $168, according to a June 13 report published by the U.S. Energy Information Administration. The agency projects increased electricity usage this summer due to the expectation of higher temperatures this summer…....
The Maryland Public Service Commission has approved a rate increase of $44.6 million for Potomac Electric Power Company (Pepco), which translates to an estimated electric bill increase of $5.72 per month for the average residential customer. The commission approved a significantly lower amount than the company’s initial request and authorized rate changes for only one…...
Tensions in the Middle East have led to trade disruptions through the Red Sea and increased crude oil and oil product flows around the Cape of Good Hope, which is located at the southern tip of Africa, according to a June 11 report published by the U.S. Energy Information. The quantity of crude oil and…...
Construction began on June 10 to transform the South Brooklyn Marine Terminal (SBMT) in New York City into what would be the nation’s largest offshore wind port, according to a press release from the New York State Energy Research and Development Authority (NYSERDA). The facility will serve as the operations and maintenance hub for Empire…...
Electricity supply shortage could occur if demand during peak periods is higher than projected or if electricity supply produced is lower than anticipated, according to the North American Electric Reliability Corporations (NERC) 2024 Summer Reliability Assessment. The U.S. Energy Information Administration issued an analysis on June 10, highlighting the findings of the assessment. The continental…...
New and expanded federal tax credits, along with funding for the U.S. Environmental Protection Agency’s Solar for All residential program, have set the stage for further growth in the community solar industry. Several states have taken action to…Read the full report …...
New and expanded federal tax credits, along with funding for the U.S. Environmental Protection Agency’s Solar for All residential program, have set the stage for further growth in the community solar industry. Several states have taken action to establish or expand community solar programs. Also known as shared solar, community solar allows multiple energy customers to participate in projects that are remotely located and receive credits to lower their electricity bill.
The U.S. Energy Department on June 6 announced $45 million from the Energy Efficiency Revolving Loan Fund Capitalization Grant, or RLF, program to five states and the District of Columbia. The program, supported by the 2021 Infrastructure Investment and Jobs Act, offers funds that allow states and territories to make available loans and subsidies to…...
Developers plan to expand U.S. hydrogen production employing technologies that make use of electricity, according to a June 6 report published by the U.S. Energy Information Administration. The use of planned electrolyzer installations would shift hydrogen production away from its traditional reliance on hydrocarbon feedstocks towards the usage of electricity to produce hydrogen from water…....
The average price of U.S. natural gas declined during 2023 compared to 2022 and became less volatile, according to a June 4 report published by the U.S. Energy Information Administration. Price volatility increased during 2022, following the Russian invasion of Ukraine and the cessation of Russian pipelined gas to Europe. The Russian invasion of Ukraine,…...