The New Jersey Board of Public Utilities on Feb. 7 accepted the results of the state’s annual electricity auction for basic generation service, securing commitments for up to $6 bill worth of purchases to meet about 7.8 gigawatts of customer requirements. The auction will help set electricity prices for most residents and many businesses for…
DetailsThe New York State Public Service Commission on Feb. 7 authorized Consolidated Edison Company of New York Inc. to implement a portfolio of demand-side solutions at a cost capped at $223 million, in a bid to ease natural gas demand in the utility’s supply-constrained areas. The commission said that the need to address surging gas…
DetailsRenewable energy resources accounted for about 28.1 percent of New York’s electricity generation in 2017, according to a Feb. 7 report from the New York State Energy Research and Development Authority, analyzing progress toward the Clean Energy Standard which requires half the state’s electricity to come from renewable energy by 2030. The 28.1 percent contribution…
DetailsThe U.S. installed about 31 gigawatts of new generating capacity in 2018, up from 27 gigawatts in the prior year, according to the Federal Energy Regulatory Commission’s energy infrastructure update, released on Feb. 5. Natural gas-fired power dominated the capacity additions, accounting for about 20 gigawatts, while wind and solar provided 6 gigawatts and 4.2 gigawatts,…
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