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 […]

The February 2022 NYMEX natural gas contract saw record levels of volatility that will have a direct impact on costs for customers in variable agreements. In the minutes before the market closed, when the price for February gas was to be permanently set, prices increased more than 50% in just 13 minutes.  After seeing prices […]