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Europe: +44 (0) 207 198 1634 Northeast Offshore Wind Cancellations – Potential Market Impact Looming Energy users with contracts ending in 2024 or early 2025 should consider renewal agreements soon. As construction and financing costs rise rapidly, virtually all of the offshore wind projects in the Northeast have come under pressure, leading many to delay or cancel their construction. Recently, many […]
ERCOT Contingency Reserve Service New Ancillary Service Designed to Increase Grid Stability Earlier this year, the Electric Reliability Council of Texas (ERCOT) rolled out a new daily procured ancillary service designed to help maintain transmission grid stability, but it also increases costs. ERCOT Contingency Reserve Service (ECRS) As part of a more considerable expansion of […]
Lubbock Power & Light has announced a slight delay in its integration into the ERCOT market, which likely means a delay in the move to deregulation. It will still happen, so it is vital and timely to create a plan now.
Lubbock Power & Light has announced a slight delay in its integration into the ERCOT market, which likely means a delay in the move to deregulation. It will still happen, so it is vital and timely to create a plan now.
Starting in March, a credit on your ComEd electric bill will drop sharply and flip to a charge beginning in June 2023. In late 2021 Illinois adopted the Climate & Equitable Jobs Act (CEJA), which included a bailout for three nuclear plants in the state. Under the CEJA, Carbon Mitigation Credits (CMCs) are auctioned off, […]
Massachusetts has passed energy legislation designed to accelerate the transition to a lower emission economy. The legislation includes several new programs, revisions or expansion of some existing programs, and a more precise roadmap for the buildout of more renewable generation resources in the Commonwealth. Expanded EV Programs: The legislation includes incentives for the purchase of […]
The Rhode Island legislature has passed a revision to the state’s Renewable Portfolio Standards (RPS), which significantly increase the required percentage of renewables over the next decade. The revised rules, which are expected to be signed into law by Governor McKee, accelerate the growth rate in RPS requirements from the existing 1.5% increase per year […]
Revised information on the timeline for repairs to the Freeport LNG export terminal pushed the US natural gas markets lower on June 14, and expectations of increased injections into storage in the coming weeks eased fears of shortages for the coming winter. As previously reported by Tradition Energy, the Freeport LNG terminal was damaged on […]
The Midwest Independent System Operator (MISO), who coordinates the electricity grid for many states, including Illinois and Michigan, has announced a sharp increase in capacity costs starting in June of 2022. MISO recently conducted its annual auction to secure capacity resources to meet electricity demand requirements across its system for the June 2022 – May […]
Over the past few weeks, significant price increases in the natural gas market have driven electricity prices higher as natural gas is the largest cost component contributing to the price of electricity in most US electricity markets. Natural gas prices are higher overall due to the fundamentals of limited supply vs. abnormally low gas storage […]
