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Europe: +44 (0) 207 198 1634 The 2019 ERCOT 4CP Season, which ended on the last day of September, witnessed new monthly records for August and September with the August peak representing a new record demand in ERCOT. On Monday, August 12, ERCOT established a new record overall peak level at 74,897 MW. This new level surpassed the previous record peak […]
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. In the budget filed by New York Governor Andrew Cuomo’s administration, bills A. 2009 and […]
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. California Electric Load Currently Being Serviced By Third-Party Energy Suppliers […]
An Act to Advance Clean Energy 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. For over a decade, Massachusetts lawmakers have been creating and adding to laws that […]
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 […]
