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Europe: +44 (0) 207 198 1634 Maryland has joined the growing list of states with strengthened renewable generation standards for the next decade after Governor Hogan allowed SB 516 to pass without his signature in May 2019. The bill requires the state to procure 50% of its energy from renewable resources, including a 14.5% solar carve-out requirement, and mandate 1,200 MW […]
CenterPoint Energy On April 5th, CenterPoint Energy filed an electric delivery rate increase request with the Public Utility Commission (PUC) of Texas. The requested adjustments would address a higher equity ratio and higher cost of equity for CenterPoint Houston, the Tax Cut and Jobs Act of 2017 that has significantly reduced the company’s cash flow. […]
The U.K. natural gas markets went into winter with significant risks due to the lack of long term storage increasing the need to supplement with potentially volatile LNG imports. Electricity markets were further at risk due to increased intermittent renewable generation. Seasonal baseload electricity and NBP prices pushed up ~50% between April and September 2018 […]
Due to an amendment in the approved New York Fiscal Year 2020 Budget, electricity customers located in the Long Island Power Authority (LIPA) territory with third party electricity supply agreements will be returned to the utility by June 1, 2019.
January 14, 2019: Pacific Gas and Electric, California’s largest investor-owned utility, filed an official 15-day notice that it intends to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about January 29th. A bankruptcy filing by PG&E will have a limited impact on our customers as the utility will likely […]
On September 20, 2018, Governor Jerry Brown signed into law Senate Bill (SB) 237. SB 237 requires the California Public Utility Commission (PUC) to file a plan to increase California’s Direct Access (DA) annual electricity cap by 4,000 GWh on or before June 1, 2019.
On July 31st, the Massachusetts House overwhelmingly approved Bill 4857, An Act to Advance Clean Energy, with the Governor likely to sign the bill, making some alterations and additions to the current Renewable Portfolio Standards.
On May 23, New Jersey Governor Phil Murphy signed into law the Act Concerning Clean Energy (the act), Assembly Bill A-3723, establishing new clean energy and energy efficiency programs and modifying New Jersey’s renewable energy portfolio standards (RPS). The act, which is effective immediately, directs the Board of Public Utilities (Board) to (i) increase the current RPS requirements; […]
On May 23, the PJM Interconnection’s 2021/2022 Base Residual Auction results were released. The clearing price for the baseline “Rest of RTO” and many other zones increased significantly with the Rest of RTO price surging ~83% to $141/MW-day. ATSI saw the largest increase in capacity prices, rising over 100% to $158/MW-day. BGE saw an 87% increase […]
Wholesale gasoline prices have jumped by more than 50% over the past ten months to their highest levels in more than three years as rising crude oil prices and increasing motor fuel demands boost prices. By far the largest cost component that goes into producing a gallon of gasoline is the input cost of crude […]
