Timely Federal Review Invigorates Offshore Wind Industry Facing Permitting Challenges

EnerKnol’s Visual Primer – Timely Federal Review Invigorates Offshore Wind Industry Facing Permitting Challenges

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, PRODUCTS, REC Feed, Renewable Energy Credit Market, Renewables, Wind, Wind Power

In a move commended by offshore wind advocates, federal regulators released a much-awaited environmental analysis of the $2.8 billion Vineyard Wind project, which would be the first U.S. large-scale offshore wind project, and other facilities planned along the East Coast. The review is a step forward in the project’s permitting process and critical for the future offshore wind industry as it braces for challenges from the effects of the COVID-19 pandemic and prolonged permitting timelines.

U.S. Coal Consumption 2020

U.S. Coal Production Projected to Decrease by 25 Percent This Year: EIA

coal, EnerKnol Impact-Misc Categories, EnerKnol Pulse, PRODUCTS

The U.S. Energy Information Administration expects coal production to fall by 25 percent to 530 million short tons this year from 2019 levels in its Short Term Outlook released on June 9. The projections are subject to uncertainty as mitigation and reopening efforts related to the COVID-19 pandemic continue to evolve, the agency said. Production in…...

New England Wholesale Electricity Prices Dropped by 40 Percent During 2019-20 Winter

New England Wholesale Electricity Prices Dropped by 40 Percent During 2019-20 Winter: EIA

EnerKnol Impact-Misc Categories, EnerKnol Pulse, Natural Gas, PRODUCTS, Wholesale Power

New England’s average wholesale electricity prices dropped by 40 percent to $28 per megawatthour during the 2019-2020 winter from $47 per megawatthour in the previous winter, according to a June 10 report from the U.S. Energy Information Administration. Natural gas-fired generators set the price of electricity more often compared with previous winters because of the…...

U.S. Petroleum Demand Fell by Near-Record Amounts in March due to COVID-19

U.S. Petroleum Demand Fell by Near-Record Amounts in March due to COVID-19: EIA

EnerKnol Impact-Misc Categories, EnerKnol Pulse, Oil, PRODUCTS

Gasoline and jet fuel demand fell by near-record amounts because of the stay-at-home orders and travel limitation since the breakout of COVID-19, according to a June 9 report from the U.S. Energy Information Administration. The gross inputs into refineries fell by 4 percent from February to March to an average of 15.8 million barrels per…...

U.S. Summer Electricity Demand Projected to Hit Decade Low

U.S. Summer Electricity Demand Projected to Hit Decade Low: EIA

coal, EnerKnol Impact-Misc Categories, EnerKnol Pulse, Natural Gas, Nuclear, Oil, PRODUCTS, Solar, Wind

U.S. summer electricity demand, from June through August, is expected to total 998 billion kilowatthours, a 5 percent drop compared to 2019 and the lowest value since 2009, according to a June 10 report from the U.S. Energy Information Administration. Retail electricity sales in the commercial and industrial sectors are expected to decline 12 percent…...

Idaho Regulator Reviews Avista’s $23 Million Energy Efficiency Portfolio

New Jersey Establishes Framework to Achieve Energy Efficiency Goals

Energy Efficiency, EnerKnol Impact-Misc Categories, EnerKnol Pulse, PRODUCTS

The New Jersey Board of Public Utilities on June 10 issued an order directing the state’s utilities to establish energy efficiency and peak demand reduction programs, taking a significant step towards clean energy transition. The board set a five-year goal to reduce energy usage by 2.15 percent for electric distribution companies and 1.1 percent for…...

New Mexico Enacts Trio of Bills Supporting Renewable Energy Expansion

NYSERDA Requests Funding to Launch Build-Ready Program for Renewable Energy Development

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Renewable Energy Credit Market, Solar, Wind

The New York State Energy Research and Development Authority on June 5 submitted a petition to the Public Service Commission, requesting approval to launch and advance the Build-Ready program through 2025. The move is in response to recent legislation that established a Clean Energy Resources Development and Incentives Program through which the agency will advance…...

U.S. Energy Department’s Better Buildings Initiative Saved Nearly $11 Billion in Energy Costs

U.S. Energy Department’s Better Buildings Initiative Saved Nearly $11 Billion in Energy Costs

Energy Efficiency, EnerKnol Impact-Misc Categories, EnerKnol Pulse, PRODUCTS

The U.S. Energy Department on June 9 announced that the more than 950 public and private sector organizations participating in the Better Buildings Initiative saved nearly 1.8 quadrillion British thermal units of energy, yielding $10.7 billion in savings. The Better Buildings Initiative is designed to drive leadership in energy innovation. The department partners with leaders…...

RGGI Carbon Auction Signals Steady Market Defying COVID-19 Impacts

EnerKnol’s Visual Primer – RGGI Carbon Auction Signals Steady Market Defying COVID-19 Impacts

Carbon Market, Carbon Markets, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Research Reports, EnerKnol Visual Primer, Environmental Markets, PRODUCTS, REC Feed

Prices in the 10-state Regional Greenhouse Gas Initiative’s latest carbon auction rose to the highest since 2015, defying impacts from the COVID-19 pandemic as two more states gear up to join the initiative. Meanwhile, revenues from California’s post-pandemic auction tumbled to $25 million, less than 5 percent of the previous auction proceeds, pointing to a need for reforms for predictable outcomes and a long-term strategy to fund climate programs.

FERC Conditionally Approves $4.3 Billion Sale of El Paso Electric Company

Trump Signs Executive Order to Expedite Infrastructure Investments to Recover Economy from COVID-19

Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Natural Gas, Oil, PRODUCTS

U.S. President Donald Trump signed an executive order on June 4 directing federal agencies to use emergency powers to expedite infrastructure projects to facilitate recovery from the economic slowdown caused by COVID-19. The order allows agencies to consult with the White House Council on Environmental Quality to identify “alternative arrangements” for complying with the requirements…...

States Canada Imports and Exports Pulse

Energy Accounted for $85 Billion of U.S. Imports From Canada in 2019: EIA

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Natural Gas, Oil, PRODUCTS

Canada is the second-biggest destination for U.S. energy exports, next only to Mexico, and the main source of U.S. energy imports, according to a June 5 report from the U.S. Energy Information Administration. In 2019, energy accounted for $85 billion, or 27 percent, of the trade value for U.S. imports from Canada; crude oil and…...