The U.S. Energy Department on Sept. 29 announced a $9 million program to enhance state and regional participation in wholesale power markets. The initiative – Wholesale Electricity Market Studies and Engagement Program – is designed to provide technical and financial support for states and regional entities to develop, expand, and improve wholesale markets. Such collaboration…...
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…...
Medium, sour and heavy, sour grades of crude oil prices have increased on the back of crude oil production cuts among OPEC+ producers, according to a Sept. 25 report by the U.S. Energy Information Administration. OPEC+ members in June 2023, stated they would persist with crude oil production reductions through 2024, curbing crude oil supplies,…...
The Bureau of Ocean Energy Management on Sept. 25 announced the completion of its environmental review of Dominion Energy Inc.’s proposed Coastal Virginia Offshore Wind Project off Virginia. The project located about 23.5 nautical miles offshore Virginia Beach, would provide up to 3 gigawatts (GW) of wind energy. The wind farm would have the capacity…...
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…....
The number of U.S. registered light duty electric vehicles on the roads reached 2.13 million vehicles in 2021, according to an Sept. 20 report from the U.S. Energy Information Administration. This number has increased year-on-year since 2012, surpassing a million in 2018 and two million in 2021. In 2012, there were less than 100,000 EVs…...
The Departments of the Interior and Energy on Sept. 19 released a detailed transmission action proposal to realize the ample potential of Atlantic offshore wind energy. The action plan sets out bold strategies that will speed up the investment and development in offshore wind energy and strengthen the domestic supply chain. The action plan is…...
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…....
China imported record volumes of crude oil during the first six months of 2023, according to an Sep.18 report from the U.S. Energy Information Administration. During the first half of 2023, China imported an average of 11.4 million barrels of crude oil per day, a 12 percent increase compared to the same period last year. …...
The Bureau of Ocean Energy Management on Sept. 11 announced the completion of its environmental review of the proposed Empire Wind Farm Project off New York. The proposal, a joint venture of Equinor ASA and bp plc, consists of Empire Wind 1 and Empire Wind 2, which together are expected to generate up to 2,076…...
U.S. Commercial structures in cold temperatures were over five times more energy intensive than hot climates for space heating, according to an Sept. 6 report from the U.S. Energy Information Administration. The agency determines space heating energy intensity projections for each building category by dividing total usage of key energy fuels, such as electricity, fuel…...
