By: L.M. Sixel |
Electricity contracts for residential customers in Texas have become more expensive as high wholesale power prices during the hot weather this summer work their way down to the retail level, boosting the energy portion of one-year fixed-rate plans at least 20 percent compared to what they were […]
By: L.M. Sixel |
Power generators hit pay dirt this summer when hot weather in August triggered surcharges approved earlier this year by Texas regulators, sending wholesale electricity prices soaring more than 40 percent, with the higher costs likely to be passed onto households and businesses.
Wholesale power prices in Texas […]
By: L.M. Sixel |
A basic economic principle holds that a key to well-functioning and efficient free markets is transparency, a state of affairs that allows participants to have the same access to information to make decisions on what to buy and sell. It works in stock, oil, and currency markets, […]
By: Gwendolyn Craig |
New York State Electric and Gas is seeking one of its largest rate increases in years, as it works to upgrade aging infrastructure, protect service from the effects of climate change and handle an ever-changing electric landscape.
The proposed increase, which has to be approved by the state Public […]
By: Michael Phillis |
The Federal Energy Regulatory Commission has said a recently enacted New Hampshire law forcing utilities to purchase power from waste and biomass generators at a set rate infringes on its exclusive authority over wholesale electricity sales.
In its monthly meeting Thursday, FERC agreed with a petition by the New […]
By: James Conca |
Three Mile Island Nuclear Generating Station shut down today at noon after more than 40 years of providing low-carbon constant power to the region.
TMI Unit 1 began commercial operation on September 1, 1974 and was licensed to keep operating until 2034. The nuclear power plant has about 635 […]
By: Electric Light & Power |
The Electric Reliability Council of Texas (ERCOT) anticipates there will be sufficient installed generating capacity available to serve system-wide forecasted peak demand this fall and winter.
ERCOT today released its final Seasonal Assessment of Resource Adequacy (SARA) report for the upcoming fall season (October – November 2019) […]
By: Brett Herrmann |
Oglesby mayor Dom Rivara had a warning for his city’s residents at a past council meeting. The recent shutdown of four coal plants in Illinois is just the beginning.
“We need baseload plants in this country,” Rivara said. “It’s only the tip of the iceberg and there will be […]