markets

The Trump administration during both its terms has prioritized its efforts on reviving the coal industry by introducing a series of policy changes and executive actions intended to boost coal leasing and production on federal lands. Yet, despite these political moves, coal’s trajectory in the U.S. energy market has followed a different path.

Carbon seal rings are silently revolutionizing industries—from oil rigs to rocket engines. Carbon seal rings can have significant effects. Take a recent upgrade by ExxonMobil. By switching to advanced carbon seals in refineries, the company cut fugitive emissions by almost 30% and saved millions of dollars in downtime. Or SpaceX, which relies on ultra-durable carbon-graphite […]

The Federal Energy Regulatory Commission’s (FERC’s) 2025 Summer Energy Market and Electric Reliability Assessment has forecast higher wholesale electricity prices this summer in most regions. The assessment, published May 15, notes that if normal operating conditions prevail, all regions of the country will have adequate generating resources to meet expected summer demand and operating reserve […]

As businesses wait for artificial intelligence to mature, there is an opportunity to start implementing the data and functionality that is readily available now. Planning and delivering a complex, multi-billion dollar capital project creates a trove of actionable data and insights, if teams are able to manipulate the data to reveal these insights. The detail […]

In January, the U.S. Energy Information Administration (EIA) said U.S. wholesale electricity prices were less volatile in 2024 than they have been over the last few years. But that’s just one, limited perspective on the data. If we consider the macrotrends at play, it’s clear that U.S. markets won’t return any time soon—if ever—to the […]

I think most POWER readers are familiar with financial indexes such as the Dow Jones Industrial Average (DJIA) and the S&P 500. These indices are widely reported on by news outlets and followed by many

The energy market is the newest frontier for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance risk. This sector is highly complex; it is dynamic, volatile, and under mounting regulatory pressures.

Between plummeting temperatures and surging demand, the record-breaking Arctic blast that swept across the Northeast in January put power suppliers to the test. Their success in managing the volatility traces back to decisions made days and weeks earlier. Those with accurate forecasting models navigated the cold spell successfully. Others faced stark choices between absorbing massive […]

As the world accelerates toward an electrified future driven by renewable energy, electric vehicles (EVs), and industrial electrification, energy distribution grids face unprecedented challenges. From grid overloads and delays in connecting distributed energy resources (DERs) to frequency instabilities and inadequate infrastructure upgrades, the need for transformative action is clear. These challenges, however, present a unique opportunity to rethink and […]

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day. The move comes as PJM acknowledges a capacity shortage could affect its system as early as the 2026/2027 delivery year. The agreement announced on Jan. […]

Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant implications for the regional transmission organization (RTO). The 2025/2026 BRA—a competitive capacity auction that procures power supply resources in advance of the delivery year to […]

The Midcontinent Independent System Operator (MISO) is warning reliability challenges have grown urgent as the nation’s power system grapples with a “hyper-complex risk environment.”  The grid operator that serves 15 U.S. states and the Canadian province of Manitoba, in its updated Reliability Imperative report released on Feb. 22, flagged several critical challenges that the region […]

The Department of Energy (DOE) has selected a consortium that will work to foster demand for commercial clean hydrogen at seven regional hydrogen hubs (H2Hubs), which the agency in October 2023 selected to receive $7 billion in federal funding. The Hydrogen Demand Initiative (H2DI) consortium will be tasked with designing and implementing demand-side support mechanisms, […]

PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission upgrades are put into service around 2028. The nation’s largest regional transmission organization (RTO) on Jan. 10 said it informed Talen that the deactivation of […]

A project to deploy a 1.5-MW commercial-scale ocean thermal energy conversion (OTEC) platform in the African island nation of São Tomé and Príncipe by 2025 has gained a key design certification. The crucial

The world is currently going through a major shift toward clean energy, triggered by concerns over climate change, depleting resources, and energy security. The energy transition is a massive undertaking, requiring significant investment and a long-term vision. However, as with any transition, there are challenges and uncertainties, and this is where hedging and trading come […]

New rules, regulations, and legislation are changing the way U.S. utilities generate electricity. First, there was the Clean Power Plan (CPP), which was passed by the Environmental Protection Agency (EPA) in 2015. This was replaced in 2019 by the EPA’s Affordable Clean Energy (ACE) rule. Both policies aim to reduce and limit carbon dioxide emissions […]

Few power-generating resources present the combination of workhouse abilities that combined heat and power (CHP) does. But, powered predominantly by fossil fuels, will CHP find its unique footing within the

As of December 2022, the Department of Energy (DOE) CHP Installation Database recorded 4,674 combined heat and power (CHP) installations in the U.S., with a combined capacity of 80.4 GW. Installations were all sizes, from large industrial systems that are hundreds of megawatts to small commercial microturbine and fuel cell systems that are tens of […]

SUGAR LAND, Texas (January 5, 2023) – Competitive Power Ventures (CPV) announced the launch of its retail energy platform, CPV Retail Energy, which will initially serve as a retail electric provider for commercial and industrial customers in states within the PJM market and eventually expand into New York and New England. CPV Retail Energy builds […]

Building on analysis in its February 2021 Public Citizen, Inc. v. Centerpoint Energy, Inc. opinion, the Federal Energy Regulatory Commission (FERC) recently issued decisions in Evergy Kansas, Inc. (Evergy) and Transalta Energy Marketing (U.S.), Inc. (Transalta) analyzing whether investments that were under 10% of outstanding voting shares, but were paired with appointment of directors that […]

The U.S. Energy Information Administration (EIA) reported that electricity generated by natural gas–fired power plants in the lower 48 states reached 6.37 TWh on July 21, setting a new record high for a day. In fact, the previous high, set on July 27, 2020, was broken three times during that week in July, first on […]

The first two GE 7HA.03 machines—the largest 60-Hz heavy-duty gas turbines in the world and the most efficient in GE’s fleet—are now operational at Florida Power & Light’s (FPL’s) newly inaugurated 1,260-MW Dania Beach Clean Energy Center (DBEC) in Broward County.  FPL officially declared the Dania Beach Clean Energy Center near Fort Lauderdale, Florida, commercially […]

The war in Ukraine is having a global impact on energy prices, not only driving the cost of oil higher, but also sending coal prices to record levels as demand for the fuel grows during a period of diminished supply. The Newcastle (Australia) futures price of thermal coal for power generation hit $435/ton on March […]

In February 2021, a severe cold weather event, known as Winter Storm Uri, caused numerous power outages, derates, or failures to start at electric generating plants scattered across Texas and the south-central U.S. The Electric Reliability Council of Texas (ERCOT), which manages the power supply for about 90% of the load in Texas, ordered a […]

GE’s first earnings release after the American conglomerate last November announced it would combine and spin-off its Renewable Energy, Power, and Digital business suggests flagging orders for onshore and offshore wind equipment and gas turbines amid a business environment wrought with uncertainty. GE on Jan. 25 reported revenues of $15.7 billion for its Renewable Energy business, […]

While 2021 unfolded with some relief from the chaotic global pandemic that jolted the world in 2020, the year may be remembered for its extraordinary series of energy crises. After a cold snap prompted mass

Ten years ago, the energy market was based around the conventional, centralized generation of oil and coal plants. It was predictable and formulaic. These staples of yesterday’s energy market are no longer the future of energy generation. Instead, we see a global push toward clean energy with wind and solar power, and companies are accelerating […]

Soon after COVID-19 first broke into the public consciousness in early 2020, panic filled the streets. I’ll be honest, I was nervous. The U.S. stock market plummeted roughly 35% over the course of about a

The costs for wind and solar power generating systems have decreased dramatically over the past decade. According to the International Renewable Energy Agency (IRENA), the global weighted-average levelized