Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST]

Credit to Author: Aaron Larson| Date: Wed, 04 Dec 2019 14:37:30 +0000

The post Is Carbon Pricing the Key to a Clean Energy Future? [PODCAST] appeared first on POWER Magazine.

The New York Independent System Operator (NYISO) has proposed incorporating the social cost of carbon into the wholesale price of electricity. According to an October-released study conducted by the consulting firm Analysis Group, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, cheaper, more reliable, more […]

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Floating Offshore Wind Buoyant on New Developments, Projects

Credit to Author: POWER| Date: Mon, 02 Dec 2019 05:00:00 +0000

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Floating offshore wind made a remarkable splash this fall. As two much-watched projects sailed toward construction, optimism about the industry’s accelerated growth was buoyed by projections from the

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POWER Digest [December 2019]

Credit to Author: POWER| Date: Mon, 02 Dec 2019 05:00:00 +0000

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Israeli Group Supports Construction of 1.3-GW Gas-Fired Plant. The Israeli National Infrastructure Committee on Nov. 4 approved a plan to build Israel’s largest privately run power plant, saying the facility

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What’s Driving Wholesale Power Price Changes? Not What You Think

Credit to Author: Sonal Patel| Date: Wed, 27 Nov 2019 15:10:43 +0000

The post What’s Driving Wholesale Power Price Changes? Not What You Think appeared first on POWER Magazine.

Falling natural gas prices tamped down annual U.S. wholesale power prices over the last decade by $7/MWh to $53/MWh—to a much higher degree compared to the impact of wind and solar growth—a new report from Lawrence Berkeley National Lab (LBNL) suggests.  The Nov. 20–published report, The Impact of Wind, Solar, and Other Factors on Wholesale Power […]

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GE Shelves Plans to Spin-Off Digital Business

Credit to Author: Sonal Patel| Date: Mon, 04 Nov 2019 14:34:42 +0000

The post GE Shelves Plans to Spin-Off Digital Business appeared first on POWER Magazine.

GE will retain its lucrative digital business—not spin it off, as had been planned—but it will sharpen the division’s focus on four key markets, including electric utilities and power generation, GE Digital CEO Pat Byrne told customers in an Oct. 31 letter. “I want to affirm that GE Digital is staying in GE,” Byrne wrote. […]

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Ritter’s Message: Market Forces Drive Growth in Distributed Generation

Credit to Author: Darrell Proctor| Date: Thu, 31 Oct 2019 16:26:07 +0000

The post Ritter’s Message: Market Forces Drive Growth in Distributed Generation appeared first on POWER Magazine.

Market forces are playing as much if not more of a role than regulatory policy in the transition from fossil-fueled power generation to renewables, as utilities in the U.S. and worldwide establish decarbonization goals. That was the message from Bill Ritter Jr., former governor of Colorado, during his keynote address at POWER’s Distributed Energy Conference […]

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States to FERC: Promote Market Designs That Recognize State Priorities 

Credit to Author: Sonal Patel| Date: Thu, 31 Oct 2019 15:57:18 +0000

The post States to FERC: Promote Market Designs That Recognize State Priorities  appeared first on POWER Magazine.

Attorneys general from 11 states ramped up pressure on the Federal Energy Regulatory Commission (FERC) to recognize state policy goals as it makes decisions related to market design, siting of new gas pipelines and storage facilities, and grid reliability.  The measure is the latest in a string of recent pushes by states to ensure federally […]

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FERC Backs First Compliance Filings on Energy Storage Rule

Credit to Author: Darrell Proctor| Date: Thu, 17 Oct 2019 20:56:57 +0000

The post FERC Backs First Compliance Filings on Energy Storage Rule appeared first on POWER Magazine.

The energy storage market received a boost Oct. 17 when the Federal Energy Regulatory Commission (FERC) approved the first two compliance filings implementing Order 841, a rule the commission said is designed to eliminate market barriers to electricity storage. Order 841 was enacted in February 2018. The measure directs regional power grid operators to establish […]

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EV-Based Virtual Power Plants Shift Peak Load and Save Money

Credit to Author: Aaron Larson| Date: Thu, 17 Oct 2019 15:45:10 +0000

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A recent study found that electric vehicle (EV) batteries used as a utility virtual power plant (VPP) could shift the entire residential peak load to nighttime hours with only 10% EV market saturation. The research was conducted by Jackson Associates, an Orlando, Florida-based firm that does energy forecasting, data development, and energy-related analysis. The study […]

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Financially Flailing Eskom Scrambles to Complete Defect-Ridden Coal Plants

Credit to Author: Sonal Patel| Date: Thu, 17 Oct 2019 14:53:46 +0000

The post Financially Flailing Eskom Scrambles to Complete Defect-Ridden Coal Plants appeared first on POWER Magazine.

South Africa’s state-owned utility Eskom was forced to slash 2,000 MW on a rotational basis nationwide on Oct. 16 and Oct. 17. The newest round of power cuts—the first in nearly seven months—highlight the state-owned utility’s scramble to avert financial disaster stemming in part from the fast-tracked construction of two 4.8-GW coal-fired power plants: Medupi […]

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