Markets

Driven by increased energy efficiency and the relocation of electricity-intensive industries, electricity demand and consumption has steadily declined in many developed markets during the last decade, according to the International Energy Agency (IEA). Yet middle- and working-class households, as well as small businesses, are spending more of their income on electricity than their parents’ generation. […]

A Massachusetts Institute of Technology (MIT) interdisciplinary study found that nuclear power has the potential to contribute greatly to the achievement of deep decarbonization goals, yet despite its promise, cost hinders the expansion of nuclear power. “The Future of Nuclear Energy in a Carbon-Constrained World” was released on September 3. It is the eighth in […]

 The Japanese government has pushed for the reuse of mixed-oxide (MOX) fuel in the country’s nuclear reactors, but utilities that finance the reprocessing have not funded those operations since fiscal year 2016, according to financial reports released by the power companies on September 2. Japan’s KYODO News reported that sources said 10 utilities, including Tokyo […]

The U.S. power system is separated into three major components—the Western Interconnection, the Eastern Interconnection, and the Electric Reliability Council of Texas. The three operate almost independently

Electric vehicles (EVs) have the potential to realign the transportation sector and present an opportunity for the power industry to transform and reinvent itself in fundamental ways. But whether this

China completed its first large commercial-scale parabolic-trough concentrated solar power (CSP) plant at the end of June. The 50-MW Delingha project built by CGN New Energy, a subsidiary of China General

Along with producing power from 99 turbines, the 309-MW Hornsdale Wind Farm in South Australia has helped trial new technologies that could ramp up power system security and reliability. At first glance, the

The Solar Energy Industries Association, the national trade association for the U.S. solar industry, reports that solar power has grown in the U.S. at a compounded annual rate of 59% since the solar investment

The inaugural integrated system plan (ISP) released by Australia’s Energy Market Operator (AEMO) in mid-July warns that the country is in the midst of a “transformative and unprecedented” rate of change

Lawmakers in California’s Assembly on August 28 cleared a key vote on a bill that would require the state to obtain 100% of all retail electricity sales from renewable and zero-emissions resources by 2045.  The state’s Assembly voted 43–32 in favor of SB 100. The bill, which now heads to the state Senate for a […]

FirstEnergy Solutions Corp. (FES) notified PJM Interconnection, the regional transmission organization (RTO), of its plans to deactivate four fossil-fuel generating plants in 2021 and 2022. In a press release issued on August 29, the company said it “is closing the plants due to a market environment that fails to adequately compensate generators for the resiliency […]

A spate of major power companies—including American Electric Power (AEP) and Southern Co.—have acquiesced to investor pressure and announced drastic cuts to their generating fleet carbon emissions over the long term. Industry group Edison Electric Institute (EEI) this week launched an official industry-designed template to help its member utilities better inform investors about their environmental, […]

The power market is changing. It’s being driven more and more by the retail side of the business, according to Roy Palk, Esq., president of New Horizons Consulting. Palk will give a presentation titled “The Rise of Distributed Energy — New Challenges Bring New Opportunities” during the Distributed Energy Conference, which will be held at […]

Energy industry experts speaking at the MEGA Symposium in Baltimore, Maryland, on August 21 agreed that storage is becoming more important to the overall mix of U.S. power sources. They also said utility-scale storage solutions remain “years away,” even as technology advancements in battery systems occur more rapidly. Panelists at the session entitled “The Transformation […]

It’s no secret that the gas turbine market in the Americas has been tough in recent years. Across the industry, there have been reports of shrinking orders, forcing drastic measures to cut costs, including restructuring of businesses and cutting large numbers of jobs. The story from Mitsubishi Hitachi Power Systems has been markedly different. In […]

According to the International Energy Agency, global natural gas trade has grown by more than 40% over the past 15 years. Over the next five years, current trade flows are expected to significantly diversify, boosted by development of liquefied natural gas (LNG) infrastructure. LNG trade, which grew by 11% in 2017 to 391 billion cubic […]

Do you drive an electric vehicle (EV)? If you answered yes and live in the U.S., you’re among the roughly 1% of drivers doing so in this country. If not, how soon do you think it will be before you become

Horizontal drilling technology and fracking techniques have created a natural gas revolution in the U.S. The future looks bright for gas-fired power generation but there are three potential storm clouds that

California and Texas—two regions where summer reliability concerns were forecast earlier this year—are suffering extreme temperatures and are scrambling to relieve stress on the grid. The California Independent System Operator (CAISO)—the grid operator that serves about 80% of California—on July 24 and 25 issued statewide Flex Alerts, calling for voluntary electricity conservation during peak afternoon […]

The Federal Energy Regulatory Commission (FERC) on July 2 denied ISO-New England’s (ISO-NE’s) request for a tariff waiver to keep two gas-fired units—a total capacity of 1,700 MW—at Exelon’s Mystic Generating Plant in Boston, Massachusetts, running to address “fuel security risks.” The commission instead gave the grid operator a year to submit permanent tariff revisions […]

In a 3–2 decision, the Federal Energy Regulatory Commission (FERC) rejected approaches filed by PJM Interconnection to reform its capacity market, whose integrity and effectiveness has been increasingly and “untenably threatened” by state subsidies for preferred generation resources, the federal regulatory body acknowledged. The June 29 order sharply divided the commission, prompting Democrat Commissioners Cheryl LaFleur […]

Germany is often touted as a leader in the global energy transition. Energiewende has been part of the country’s public discourse since the 1970s, stemming from an anti-nuclear movement prevalent at the

New hydropower capacity installed worldwide plunged 36% in 2017 compared to 2016, but the sector remains optimistic about its future despite a transitioning role for hydropower away from baseload power and

Baby boomers are retiring, unemployment is low, skilled craft workers are in short supply, and human resources in the workforce are a growing issue for power industry management. “Demography is destiny.”

Floating solar panel technology has been gaining traction as a favorable and cost-effective alternative to land-based photovoltaic systems. Thriving on the cusp of a massive inclination toward renewable energy

The Trump administration, which is considering subsidizing baseload coal and nuclear power for resiliency and “national security,” is pursuing an “all-of-the-above” energy strategy that emphasizes natural gas exports, said Energy Secretary Rick Perry at the World Gas Conference this week in Washington D.C. In a keynote speech on June 26, Perry described the shale gas […]

Puerto Rico’s energy infrastructure must be redesigned and rebuilt with an emphasis on resilience—and that will require wide-ranging, long-term efforts, the Department of Energy (DOE) says in a new report. In its June 20 report, “Energy Resilience Solutions for the Puerto Rico Grid,” the agency lists a number of recommendations for the government of the […]

For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in financial risks in the sector as more individual companies in the regulated space funnel funds to debt. Using an analysis of 42 of the largest […]

Siemens AG, the parent company of Siemens Power and Gas, is contemplating the sale of its lucrative but lately troubled gas turbine business, according to one major news outlet. Citing unnamed sources, Bloomberg on June 13 reported that the German giant may be considering the sale of its power and gas business, possibly to a […]

A long-stalled plan to repower NRG Energy’s coal-fired 435-MW Dunkirk power plant in Chautauqua County, near Buffalo, New York, to natural gas may be scrapped, owing to uncertainty involving New York Independent System Operator’s (NYISO’s) interconnection process, the company said. NRG mothballed all four units at the plant by January 2016 during four years of […]