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Texas energy users may make up ERCOTs $12 billion loss

Although lawsuites are still pending, Texas energy users may eventually have to make up about $12 billion in ERCOT’s electricity-related losses from this winter’s storm. Last week, the Electric Reliability Council of Texas released reports showing oustanding debts of $2.9 billion from local providers and cooperatives. Those debts represent the total payments due from 14 … Read more

Proposed PECO rate increase would cost customers nearly $10 more each month

By: Philly Voice | PECO is seeking to raise electric rates to help cover $3 billion worth of infrastructure improvements that the utility says are needed to strengthen the energy grid. If approved, the average customer’s monthly bill would increase by $9.68, or 9.65%, beginning in January. The average small business would see its monthly … Read more

Bitcoin Rally Stirs BofA Alarm on ‘Enormous’ Surge in Energy Use

By: Bloomberg | Bitcoin’s massive rally over the past year means it’s only getting worse for the environment. The energy used by the network of computers that power the digital coin is comparable to that of many developed countries and rivals the emissions from major fossil-fuel users and producers such as American Airlines Group Inc. … Read more

Retail Energy Supply Association Issues Report Finding Massachusetts Residents Can Save 9% or More with Electric Choice

By: resausa.com | The Retail Energy Supply Association (RESA), the nation’s leading trade association representing competitive retail energy suppliers, today published its report findings on competitive retail electric choice in the Commonwealth of Massachusetts. The analysis found Massachusetts residents could save at least 9% by selecting a retail energy supplier, creating significant potential saving to consumers of … Read more

Five Truths About Grid Reliability and Deregulation

By: RealClearEnergy.org | Before electricity had been restored last month, false claims proliferated as swiftly as the outages themselves. Misguided criticisms included excessive blame levied at wind power, while others have fallen into the trap of blaming “deregulation” of the power industry. That’s dead wrong for two reasons: power markets aren’t “deregulated” for reliability purposes and the … Read more

Bad Electricity Math at The Wall Street Journal

By: rstreet.org | Journalists are known for many things, but quantitative analysis is not typically among them. Still, it was discouraging to see The Wall Street Journal’s news section putting out what in the words of one expert “gets an F-grade for making big causal statements with 5th-grade math.” In a recent article, WSJ reporters Scott … Read more

Provider Shut Down By ERCOT, Others Filing Bankruptcy and Lawsuits

In the wake of Texas’s recent winter storm, ERCOT has revoked electric provider, Griddy Energy LLC’s access to the state’s power network. After Griddy’s 10,000 customers were charged up to $9,000 per megawatt hour, ERCOT announced that it had “effectively shut down Griddy,” according to a statement on ERCOT’s website. ERCOT was transferring about 10,100 … Read more

Texas Legislators Work to Address Skyrocketing Energy Bills

Texas Governor Greg Abbott said he and other state leaders are working quickly to address reports of many customers receiving bills for thousands of dollars for just a few days’ electricity service while the state was gripped by frigid temperatures. After the deadly winter storm that caused widespread blackouts, Abbott called an emergency meeting with … Read more