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Europe: +44 (0) 207 198 1634 March 24, 2021 – In the days and weeks following the energy crisis caused by Winter Storm Uri a large number of legislative measures seeking to change electricity market rules were introduced in ERCOT, but added risk of volatility in the market is driving increases in forward prices more than potential rule changes. The highly […]
The 2020 ERCOT 4CP Season, which ended on the last day of September, witnessed a new monthly record for July and the August peak fell just short of a new record demand in ERCOT. On Monday, July 13, ERCOT established a record for July peak demand with a measurement of 74,392 MW’s, but with ample […]
Since late 2016, regulators in Connecticut (CT-PURA) have been researching the growing market for renewable or “green” energy products. As a result of that process, conducted under Docket 16-12-29, decisions were made regarding what qualifies as green energy and how the marketing of green energy needed to change. What did the regulators find? Regulators found that most […]
Starting in late 2016, the regulators in Connecticut (CT-PURA) have been discussing the growing market for renewable or “green” energy products. As part of that investigation, conducted under Docket 16-12-29, it was decided that what qualifies as green energy and how it is marketed needed to change. What did they find? Regulators found that most […]
Feed-in Tariff Component of U.K. Electricity Bills Set to Increase in the Coming Months One of the non-commodity components of U.K. electricity bills is set to increase in the coming months. The Feed-in Tariff or FiT charge relates to funding for renewable energy sources across the country and those associated with solar programs are likely […]
The introduction of a new and more stringent U.K. Emissions Trading Scheme has the potential to boost electricity prices in
the U.K. in the coming years.
Reduced drilling activity and capital expenditures (CAPEX) cuts by oil and natural gas producers present a strong risk of higher natural gas and, subsequently, electricity prices in the coming years. In 2020, mild winter weather and record natural gas production levels have dragged natural gas prices to 25-year lows. Also, oil prices have collapsed to […]
In May 2019, the New York City Council enacted ambitious climate legislation to help the city achieve its goal of reducing carbon emissions 40% by 2030 and 80% by 2050. Included in this package was Local Law 97, which aims to decrease greenhouse gas (GHG) emissions and increase energy efficiency for buildings in NYC. It […]
ERCOT projects reserve margins to be 10-18% over the next five years with the improvement between Summer 2020 and Summer 2021 primarily attributed to the near 5,000 MW of solar capacity and 700 MW of new wind capacity expected to come online.
Many electricity markets follow natural gas markets as the majority of the generation is fueled by natural gas, and those gas generators set the price of power as often as 80% of the time. However, as energy markets evolve, this historically tight correlation has broken in some regions, namely ERCOT.
