The Western Energy Imbalance market generated about $79 million in savings in the second quarter of this year, with total benefits reaching about $998 million since its launch in 2014, according to a July 29 press release from the California Independent System Operator Corporation. The market constitutes an automated system that secures the lowest-cost energy…
DetailsU.S. petroleum demand is projected to see a widespread dip for the rest of the 2020 calendar year, according to a July 20 report from the U.S. Energy Information Administration. The forecast was the conclusion of successive decreases in demand through March and April 2020 primarily as a consequence of the COVID-19 pandemic. The EIA’s…...
The New Jersey Board of Public Utilities on July 22 issued a draft guidance document for the second offshore wind solicitation for 1.2 to 2.4 gigawatts of capacity. The first round resulted in the selection of Denmark-based Orsted A/S to develop a 1.1-gigawatt wind project, known as Ocean Wind, off the coast of Atlantic City…....
The U.S. Interior Department proposed to offer all available unleased areas in federal waters in the Gulf of Mexico for oil and gas leasing in November, according to a July 17 press release. The auction marks the seventh offshore sale under the 2017-2022 leasing program. The sale was initially scheduled for August, but was postponed…...
