The New York Independent System Operator on Nov. 28 reported that power supply in the state is projected to be adequate this winter, to fulfil estimated peak demand requirements, with 43,184 megawatts (MW) of electricity supply available. The grid operator projects peak demand for winter 2022-23 to reach 23,893 MW, an increase of 658 MW…...
Liquefied natural gas import capacity in the EU and the UK is projected to increase by 34 percent or 6.8 billion cubic feet per day (bcf/d) by 2024, in comparison to 2021, according to a Nov. 28 report from the U.S. Energy Information Administration. The projection is based on data from the International Group of…...
The thirty-third quarterly carbon auction held by California and Quebec sold more than 58.02 million carbon permits offered for current emissions at a price of $26.8 per allowance, above the floor price of $19.70, according to the results released on Nov. 23 by the California Air Resources Board. The settlement price is nearly 0.7 percent…...
The North Sea Transition Authority on Nov. 22 announced a new cost efficiency target for redundant oil and gas infrastructure. The authority is reducing the total projection for decommissioning redundant platforms, wells, and pipelines by an extra 10 percent, from £37 billion to £33.3 billion, between 2023 and the end of 2028. The 10 percent…...
The U.S. Energy Department on Nov. 22 announced a new funding opportunity worth $550 million through the Energy Efficiency and Conservation Block Grant, or EECBG, program that will reinforce community-based clean energy projects across the country to support local government and the deployment of clean energy technologies. The funding sponsored by the 2021 Infrastructure Investment…...
The Michigan Public Service Commission on Nov. 18 authorized DTE Electric Company to increase its rates by $30.557 million effective Nov.25. Earlier in January 2022, the company filed an application pursuing a $388 million rate increase to recoup increased investments in its production and distribution system to enhance reliable service to its 2.3 million consumers…...
The U.S. Energy Department on Nov. 18 announced $13 billion in new funding opportunities for the growth and modernization of the U.S. power grid. The Grid Resilience Innovative Partnership, or GRIP, program and the Transmission Facilitation Program, funded by the 2021 Infrastructure Investment and Jobs Act, collectively represent the largest federal direct investment in infrastructure…...
U.S. heating oil prices were 65 percent higher during October 2022, compared to October 2021, according to a Nov. 17 report from the U.S. Energy Information Administration. Moreover, residential heating oil prices increased to a yearly record of $5.90 per gallon on Nov. 7, 2022, due to a combination of tight storage inventories, low imports,…...
Michigan’s distributed energy program experienced a 37 percent surge in participation in 2021 with 14,262 customers and 14,446 installations, according to the Michigan Public Service Commission’s annual Distributed Generation report. In this program, the customers generate their own electricity to reduce their electricity bill and reduce their dependence on the utility companies. Generation capacity from…...
The California Air Resources Board on Nov.16 unveiled the policies and actions the state proposes to implement, in order to reduce its dependence on fossil fuels and become carbon neutral by 2045 or earlier. The revised proposal follows Governor Newsom’s plea for more impactful climate actions and is innovative in both scale and scope. The…...
The Arizona Corporation Commission has approved a new electric vehicle charging tariff for Arizona Public Service Company that encourages daytime solar charging. This new program will promote EV charging during the maximum solar energy production hours at discounted prices, which will not only promote the adoption of electric vehicles fueled by renewable solar energy but…...
Net disposition of gas in the U.S. increased by 3.6 percent year-on-year in 2021, in line with growth in liquified natural gas, or LNG exports, according to a Nov. 15 report from the U.S. Energy Information Administration. The agency defines net disposition as consumption, net exports, and net storage. U.S. gas exports have been a…...