The Washington Utilities and Transportation Commission on March 18 denied a request from Puget Sound Energy to reconsider increasing utility rates by $215 million over two years. The company asserted that the rate increase was required to maintain good cash flow and credit ratings. The commission reconsidered and approved the utility’s voluntary electrification pilot project,…...
Carbon markets across the U.S. are experiencing shifts, with Washington’s auction prices climbing for the second consecutive time and potential market linkages taking shape, while…Read the full report …...
Carbon markets across the U.S. are experiencing shifts, with Washington’s auction prices climbing for the second consecutive time and potential market linkages taking shape, while Virginia’s legal battle over rejoining the regional carbon market continues.
The U.S. Environmental Protection Agency on March 10 announced that it has cancelled over 400 grants, worth a combined $1.7 billion in its fourth and largest round of grant cancellations for programs considered unnecessary. In February, the agency stated that it had partnered with the Department of Government Efficiency to review and scrap funding awarded…...
The Ontario government on March 10 announced a 25 percent tariff on electricity exports to the U.S. in response to the Trump administration’s tariffs on Canadian goods and services. As Ontario shares 12 transmission connections with New York, Michigan, and Minnesota, the electricity tariffs could impact around 1.5 million homes and incur daily costs of…...
The Bonneville Power Administration (BPA), a federal power marketing agency in the Pacific Northwest, has issued its day ahead market draft policy direction determining that it should take part in a day ahead market and pursue participation in the Southwest Power Pool’s (SPP) Markets+ program. SPP is the grid operator for 17 states in the…...
The White House on March 3 confirmed that the Trump administration would proceed with the 10 percent tariff on Canadian energy resources effective March 4. Last month, the administration announced its intent to impose a 10 percent tariff on Canadian energy resources and 25 percent tariffs on other goods from Canada and Mexico. Several leaders…...
The Michigan Public Service Commission on Feb. 27 approved a staff proposal establishing financial incentives and penalties for electric utilities to improve their performance and enhance grid reliability. The proposal includes metrics to measure utility performance about reliability, safety, and other factors that will encourage utilities to expedite distribution system upgrades and improve grid reliability…....
The UK’s Office of Gas and Electricity Markets (Ofgem) announced on Feb. 25 a 6.4 percent increase in the energy price cap for the period April to June 2025. The price cap will increase by £111 for an average household annually. For an average homeowner for dual fuel this amounts to £1,849 per year, up…...
U.S. electricity producers plan to retire 12.3 gigawatts (GW) of generation capacity during 2025, up 65 percent compared to retirements during 2024, according to an Feb. 25 report published by the U.S. Energy Information Administration. During 2024, 7.5 GW of generation capacity was phased out from the U.S. electricity grid, the lowest capacity of retirements…...
The U.S. power grid is expected to add 63 gigawatts (GW) of new utility scale electric generating capacity during 2025, about 30 percent higher compared to the 48.6 GW of capacity installed during 2024, according to an Feb. 24 report published by the U.S. Energy Information Administration. The increase in new utility scale electric generating…...
