Pandemic causing 8%-9% power demand decrease nationwide:
he novel coronavirus pandemic has cut power demand by 8% to 9% power in various US markets, with some market regions – New York City, for example – having much Continue Reading
Power Demand In U.S. Falls To Nearly Two Decade Low
As stay-at-home orders keep businesses shuttered across much of the United States, electricity demand has fallen to a near 17-year low, according to analysts at the Edison Electric Institute (EEI) Continue Reading
Get Ready for More, Longer Blackouts Due to the Coronavirus
By mid-Monday morning, storms sweeping north from the Gulf Coast had left more than 1.3 million out of power in the U.S. Under normal circumstances, this would have called for the mass Continue Reading
As states use less coal for electricity, driving electric vehicles becomes even cleaner
Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. The calculated relative amounts of well-to-wheels emissions of greenhouse gases from Continue Reading
Electricity prices slump as businesses close across the US
The coronavirus pandemic has led to a sell-off in wholesale US electricity markets as closed restaurants and office buildings, and idled factories, lead to lower power use. The price decline is Continue Reading
UK electricity demand down up to 19% since lockdown: Elexon
UK electricity demand has fallen between 15% and 19% since the coronavirus lockdown March 23, electricity balancing and settlement code manager Elexon said Friday. Receive daily email alerts, subscriber notes Continue Reading
U.S. Power Demand to be ‘Profoundly’ Hit as Lockdowns Spread
The closures of schools, factories and offices to prevent spread of the coronavirus will “profoundly impact” the U.S. power sector, according to BloombergNEF. Already in New York, electricity use dropped about Continue Reading
Summer heat comes early for ERCOT as prices spike to $80s/MWh
Electric Reliability Council of Texas wholesale spot power prices have jumped higher than the five-year March average high as parts of the state hit 90-degree weather more than a month Continue Reading
Oil Crash Could Trigger A Recession In The Middle East
The oil price war that Saudi Arabia and Russia started will hurt the fiscal revenues of the oil producers in the Persian Gulf, including the Saudis, OPEC’s top producer and Continue Reading
The Risk Of Stranded Energy Assets
The specter of stranded assets in the US electric utility industry has risen again like the undead in a typical horror movie. A leading Wall Street analyst noted recently that Continue Reading