UK Could See Gas Prices As High As $1250 Per MWh
The UK’s gas crisis comes as part of a bigger natural gas phenomenon taking place worldwide, as prices skyrocket and firms do not know to respond. With Europe and North Continue Reading
Hydro-Québec wins multibillion-dollar contract to deliver power to New York City
Hydro-Québec has won a multibillion-dollar contract to deliver power into the heart of New York City, in a deal that helps cement the provincially owned corporation as a key supplier Continue Reading
Analysis: Europe’s power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record-high gas and electricity prices as their sales are largely locked in at lower prices, and face extra Continue Reading
Power outages from Nicholas disrupt energy production, vessel activity
Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore Continue Reading
Fire at Key U.K. Power Converter Knocks Out Link to France
A large fire at a key electricity converter station in the U.K. has shut down a major cable that brings power from France, worsening Britain’s energy crunch. Gas and power Continue Reading
Protests Break Out in Europe As Electricity Prices Soar
Depleted natural gas inventories and low wind speeds have led to a surge in electricity prices across Europe, putting pressure on governments as consumers protest against surging power bills ahead Continue Reading
Illinois legislature edges toward saving two nuclear power plants
The Illinois legislature on Thursday edged closer to approving a deal that would save two Exelon Corp nuclear power plants from closing beginning on Monday after the House speaker announced Continue Reading
The U.S. Power Grid Is At Risk Of Catastrophic Failure
Future electricity systems must be made more resilient Prolonged blackouts in Louisiana following Hurricane Ida are a reminder the power grid needs to become more resilient as well as reliable Continue Reading
After Hurricane Ida, California wildfires, debate over putting electric lines underground resurfaces
Hurricane Ida plunged more than 1 million customers on the Gulf Coast into darkness, and then knocked out power to another 200,000 in the Northeast on Wednesday night. The chief Continue Reading
Power to be restored to New Orleans by middle of next week
Power should be restored to New Orleans by the middle of next week, utility officials said Friday, and sheriff’s deputies warned people returning to communities outside the city to come Continue Reading
Electric utility groups are wary of Democrats’ clean power ambitions
Democrats want to drive carbon emissions out of the US power grid. But groups representing thousands of smaller electric utilities are wary of being conscripted in the campaign. The Democratic-led Continue Reading
U.S. power utilities struggle to restore power after Ida lashes Louisiana
Entergy Corp (ETR.N) said crews have begun assessing damage where it is safe to do now that Hurricane Ida, which weakened to a tropical storm on Monday, has passed through Continue Reading
Hurricane Ida Exposes Grid Weaknesses as New Orleans Goes Dark
Most of New Orleans went dark on Sunday after Hurricane Ida took out transmission lines and forced power plants offline. It was an all too familiar scene in a city that has Continue Reading
North America set weather-adjusted power load record this July; prices surge
Gas prices a bigger factor in power hikes Stronger economy seen in some areas Pandemic may lessen price surge in 2021 Stronger North American power demand has had a muted Continue Reading
Battery storage capacity rapidly rising across California, thermal remains strong
Highlights California battery storage capacity to double by end of year June-Aug. thermal generation up 27% over 5-year average Battery storage is taking off in California with nearly 1.2 GW Continue Reading
US Northeast power, gas prices surge as above-average temperatures return
US Northeast power and gas prices saw significant rises on Aug. 24-25 trading amid the ongoing heatwave. In New York Independent System Operator, real-time locational marginal prices topped $1,000/MWh across Continue Reading
All-Electric Future Comes At A Huge Cost
The electrification of homes is touted as one way to reduce greenhouse gas emissions in the residential sector as the U.S. Administration aims for a net-zero economy by 2050. But Continue Reading
US clean power installations surpass 2020 to reach a Q2 record, Texas leads states
Battery energy storage installations up 439% from Q1 Texas leads additions with 1.489 GW, 17% of pipeline US project developers installed 5.62 GW of clean power capacity in second-quarter 2021, Continue Reading
Texas Grid Forecasts Record Power Demand as Temperatures Soar
Electricity demand in Texas is expected to climb to an all-time high as searing heat continues to grip the region. The National Weather Service issued a hazardous weather outlook for Continue Reading
Extreme temperatures, transmission outages bring volatile power prices to New York
Highlights Zone K power prices surge over $1,500/MWh Multiple transmission, supply outages: LIPA Lower demand, temperatures expected week of Aug. 16 A heat wave that moved through the Northeast US Continue Reading
Severe Drought Could Threaten Power Supply in West for Years to Come
As drought persists across more than 95% of the American West, water elevation at the Hoover Dam has sunk to record-low levels, endangering a source of hydroelectric power for an estimated 1.3 Continue Reading
Pacific Northwest needs to keep generation at home to balance heat-driven demand
Highlights June CCDs average 1,268% higher than normal July hydro averaged 11.3 points lower year on year Mid-C averaging 202% higher than the August 2020 Mid-C wholesale power prices have Continue Reading
California Expects Power Supply Shortfall to Worsen in 2022
Even with a battery boom underway in California, the state predicts a power supply shortfall may worsen next year in extreme weather conditions like the heat waves and drought seen Continue Reading
US Northeast power, gas prices rise on scorching temperatures
Highlights Temperatures expected to rise to triple digits NYISO Aug. 12 demand forecast the highest in nearly three years US Northeast power, gas prices trended higher Aug. 11 as the Continue Reading
Rural U.S. Falls Behind With Energy Transition
Electric cooperatives are still relying on coal for about a third of their output, the Wall Street Journal has reported, citing the latest data, for 2019. Co-ops, which serve some Continue Reading
Texas power demand expected to hit 2021 high during heat wave next week
The Texas power grid operator on Friday forecast demand next week would reach its highest so far this year as homes and businesses crank up air conditioners to bring relief Continue Reading
Electric Utilities, Formed Decades Ago, Struggle to Meet Climate Crisis
The phone call to the Eugene Water & Electric Board was startling. A group of homeowners, fearing a storm could knock down nearby power lines and ignite wildfires, was asking Continue Reading
Texas power grid sees record-breaking demand during heatwave
The Texas power grid operator on Monday forecast demand would reach a record high over the next week as homes and businesses crank up their air conditioners to escape a Continue Reading
Middle East power crisis: Electricity shortages strike Iran, Iraq, Lebanon and Syria – The Washington Post
Record heat waves and crippling energy shortages across much of the Middle East are plunging homes and businesses from Lebanon to Iran into darkness and stirring unrest as poor families Continue Reading
Clean Energy Producers Are Eyeing Old Coal Plants—for the Wiring
As demand for clean energy surges, would-be developers are struggling to find enough transmission lines to carry power to the people. One increasingly popular solution: retired coal plants. Much as Continue Reading
Electricity demand rebound will require more fossil fuel generation -IEA
Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of fossil fuels, the International Continue Reading
Surging Electricity Demand to Boost Emissions as Coal Use Climbs
Global electricity consumption will surge this year as the world emerges from the coronavirus pandemic, with fossil fuels supplying almost half the increase in a shift that threatens ambitious net-zero Continue Reading
ISO New England Tracker: Power, gas prices up in June; expected higher in winter
Connecticut Hub power prices up 95% on year Gas-fired generation up 3 aGW from May Winter on-peak power expected in mid-$60s/MWh Power and natural gas prices increased sharply month on Continue Reading
Gas-fired generation takes backseat to coal as wind speeds in SPP ebb
SPP gas-fired generation dips 7,000 aMWh in July Market share for coal in SPP now approaching 50% Midcon gas prices near $3.50 limit upside for gas A seasonal decline in Continue Reading
Biden climate adviser says clean electricity standard needed in infrastructure bill
A clean electricity standard, or CES, and tax credits for renewable energy are “bottom lines” needed in a second infrastructure package that could be passed this year, Gina McCarthy, the Continue Reading
Persistent Texas economic growth translates to stronger power demand, prices
The continued growth of the Texas economy in June, as evidenced in new Federal Reserve Bank of Dallas surveys, has shown up with increased power demand and wholesale power prices Continue Reading
Reports blame regulators, gas generation for Texas’ mid-February storm blackouts
New reports blame Texas’ mid-February energy emergency on the state’s energy regulatory structure and gas-fired generation, and less than a third of Texans think state government “will adequately tackle issues” Continue Reading
Blackout Risk And Electricity Prices Are Spiking In California
Electricity prices for Californians are spiking, but so is the danger of blackouts—both planned and unplanned. Exceptional drought forecasts for this summer prompted PG&E to warn earlier this month that Continue Reading
Texas Grid Meets Record June Demand
The Electric Reliability Council of Texas (ERCOT) has been able to meet record peak demand so far in June despite tight grid conditions last week. Yet, analysts and residents question Continue Reading
California Bets On Clean Energy To Beat Blackouts
The California Public Utilities Commission (CPUC) ordered on Thursday utilities to procure 11.5 gigawatts from zero-emission electricity sources in what it described “a historic decision” aimed at ensuring reliability and Continue Reading
Texas power grid overcomes problems to meet record June demand
Peak electricity demand in Texas broke June’s record on Thursday and was expected to do so again on Friday, the power grid operator said, but there was no repeat of Continue Reading
Texas power grid faces summer having changed little from February freeze
Texas’s grid operator frightened residents last week when it said it had very little reserves to cover demand spiking as temperatures soared. This summer could produce more scary times. In Continue Reading
90% of power distribution systems not ready for energy transition: Siemens
Power grids lack flexibility, security, maturity Distributed generation up 7x in next 10 years Cybersecurity becoming increasingly important The vast majority of electricity distribution system operators are not ready to Continue Reading
Phasing Out Coal Will Require Germany to Build New Gas Plants
Germany has an opportunity to phase-out coal power plants almost a decade ahead of schedule — but it will require a fleet of natural gas plants to do it, a Continue Reading
Texas Grid Operators Have Another Mess On Their Hands
It’s been one heck of a year for Texas energy grids. Six months ago only a very select group of industry insiders and policy nerds had ever heard of The Continue Reading
Global Power Grids Pushed to Breaking Point
California is at risk of blackouts as a sprawling heat wave smothers the western U.S. Cities across China’s industrial heartland are rationing electricity. European power prices are far higher than Continue Reading
ERCOT Asks Texans to Reduce Electric Use
The Electric Reliability Council of Texas (ERCOT) is asking Texans to reduce electric use as much as possible through Friday June 18. The Electric Reliability Council of Texas (ERCOT) is Continue Reading
Florida Power & Light will demolish 495-foot chimney stack
Florida Power & Light is scheduled to implode the 495 -foot (150-meter) chimney stack of its last coal-fired generating plant on Wednesday, a milestone in its full transition to cleaner Continue Reading
2 Stocks That Could Play Pivotal Roles In America’s Infrastructure Makeover
Rolling blackouts, freezing homes, and skyrocketing electricity prices. Back in February, Texas’ primary electric grid suffered a one-two punch wrought by the deep freeze and off-the-charts demand for power as Continue Reading
Hackers Aren’t The Only Threat To The U.S. Power Industry
The power utility sector is one of the industries that are about to see the most dramatic change as parts of the world move towards a lower-carbon energy future. Utilities Continue Reading