The World’s Most Expensive Power Project We thought that the price for non-carbon electricity had peaked when the U.K. government agreed to require UK electricity customers pay £92.50 ($130.43) per MWH for the output from the under-construction Hinkley Point nuclear power station. We were wrong. Sponsors of the Tidal Lagoon Power project in Swansea, Wales … Continue reading The World’s Most Expensive Power Project
Frigid Eastern U.S. Has Spot Power Trading Near 3-Year High The eastern U.S. just experienced some of the highest power prices in almost three years as demand surged amid a cold snap. Spot power on PJM Interconnection LLC’s benchmark Western hub surged 564 percent to $213.90 a megawatt-hour between 8 and 9 a.m. local time. … Continue reading Frigid Eastern U.S. Has Spot Power Trading Near 3-Year High
Electricity Sales Fall Below 2007 Levels, Big Rate Hikes coming Total electricity sales in 2015 fell below 2007 levels. The flattening of total electricity sales reflects an inability of the electric utility industry to continue its march to electrify the economy, despite an ever growing suite of technologies from electric cars to heat pumps that … Continue reading Electricity Sales Fall Below 2007 Levels, Big Rate Hikes coming
As Conservation Cuts Electricity Use, Utilities Turn to Fees Double-digit percentage increases for distribution, maintenance anger power consumers Electric utilities across the country are trying to change the way they charge customers, shifting more of their fixed costs to monthly fees, raising the hackles of consumer watchdogs and conservation advocates. Traditionally, charges for generating, transporting … Continue reading As Conservation Cuts Electricity Use, Utilities Turn to Fees
September 14, 2015 By Suzanne Herel VALLEY FORGE, Pa. — Members debated four potential changes to the $1,000/MWh energy offer cap last week at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one — or even which should be the main and alternate proposals. Read the full article … Continue reading PJM Stakeholders Weigh 4 Options on Offer Cap; No Agreement in Sight
by Harry Weber August 17, 2015 — 1:12 PM EDT Updated on August 17, 2015 — 3:26 PM EDT New York City’s first official heat wave since 2013 boosted power prices, as demand rose to the highest level in almost three weeks on the largest U.S. grid. Use on the 13-state PJM Interconnection LLC network … Continue reading New York’s First Heat Wave in 2 Years Sparks Power Price Surge
By Philip R. O’Connor Aug. 1, 2015 Wisconsin boasts many superlatives — the best cheese, beer and brats, most black bears in the lower 48, most intensely loyal football fans, nicest vacation spots and some of the most memorable politicians to ever serve in the U.S. Senate, whether La Follette, McCarthy or Proxmire. But there … Continue reading Wisconsin is on a prolonged electricity losing streak
By JOHN SICILIANO • 7/26/15 12:01 AM A new threat could be looming for consumers’ wallets, as the electric grid transitions from coal to natural gas, making nuclear power less economical, according to a new report on the economic benefits of nuclear energy. “Absent nuclear, consumers would pay more for electricity, the economy would suffer … Continue reading Electricity from natural gas could come at a cost: Study
By TOM RELIHAN Recorder Staff Thursday, July 23, 2015 (Published in print: Friday, July 24, 2015) GREENFIELD — After a winter that saw major increases in electric bills across the region, rates have dropped back to more normal warm-weather levels. While those big fluctuations showed up in monthly electric bills, retailers like Eversource Energy — … Continue reading Utilities: Power prices drop, but cause of price spike remains
Mid-Atlantic Spot Power Rises After Transmission Lines Trip Spot wholesale electricity jumped in the mid-Atlantic states after unplanned transmission outages created grid bottlenecks. D.C. Homeland Security officials said an explosion at a power facility in southern Maryland may have caused electricity to surge into Washington, the Washington Post reported, citing unidentified officials. Power was lost … Continue reading #Mid-Atlantic Spot Power Rises After Transmission Lines Trip
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