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Soaring U.S. electricity demand boosts gas-fired generation and revives coal-fired plants

By Mark Jaffe, EUCI energy writer Facing electricity demand hitting all-time highs, the U.S. utility industry is giving a boost to natural gas-fired generation and a reprieve for coal-fired power plants, according to an analysis by the federal Energy Information Administration (EIA). After a long period of slow growth – with an average annual increase…

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Global electricity demand set to surge in the next three years led by China and Asia

By Mark Jaffe, EUCI energy writer Global electricity demand is set to grow at its fastest pace in years for the rest of the decade spurred by rising industrial production, use of air conditioning, and the build-out of data centers, according to the International Energy Agency (IEA). Electricity demand rose 4.3% worldwide in 2024 and…

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New Jersey Gov. Sherrill looks to address electricity affordability issues on day one

By Mark Jaffe, EUCI energy writer New Jersey Gov. Mikie Sherrill – making good on a campaign promise to deal with rising utility bills – on her first day in office issued two executive orders aimed at freezing rates and creating more generating capacity. “I promised the people of New Jersey bold action to lower…

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Utilities adopt large load tariffs to cope with the costs and power demands of data centers

By Mark Jaffe, EUCI energy writer Electric utilities across the country are adopting “large load tariffs” aimed at data centers in a move to protect against the hefty costs that come with the facilities and speculative projects. At least 36 utilities – from Dominion Energy in Virginia to Wisconsin Electric Power to Arizona Public Service…

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Electric grids set to weather the winter, data center demands may pose a challenge

By Mark Jaffe, EUCI energy writer Winter electricity demand is outpacing new generation, but resources should still be adequate, although some regions with data center demands may be vulnerable in extreme weather, according to the North American Electric Reliability Corp. (NERC). Peak demand is projected to be 20 gigawatts (GW) higher this winter than last,…

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Virtual Power Plants seen as a key in managing peak load as electricity demand grows

By Mark Jaffe, EUCI energy writer The virtual power plant (VPP) market grew by 13.7% year-over-year in 2025, reaching 37.5 gigawatts (GW) of capacity with an increase in company deployments, companies buying VPP energy credits, and utility-run programs, according to a Wood Mackenzie market report. The 33% in the number of a participants in the…

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PJM capacity auction sets another record at $16.5 billion as governors protest rates

By Mark Jaffe, EUCI energy writer Prices for guaranteed power in the PJM Interconnection – through a capacity auction – rose 22% from last year’s price to $329.17 a megawatt-day, the nation’s largest grid operator announced July 22. The jump would have been even sharper at $389 a megawatt-day, if the PJM had not agreed…

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Utah power providers oppose PacifiCorp’s bid to add $1.7 billion in wildfire costs to rates

By Mark Jaffe, EUCI energy writer Three Utah electricity providers are seeking to block their power wholesaler, PacifiCorp, from adding $1.7 billion to their rates to pay for liabilities from a string of wildfires in Oregon and California. The three – the Deseret Generation & Transmission Co-operative, Utah Associated Municipal Power Systems (UAMPS), and Utah…

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Global EV market is strong, U.S. market sputters under Trump administration policies

By Mark Jaffe, EUCI energy writer Global electric vehicle (EV) sales are set to have another record-breaking year in 2025, even as the U.S. market is hit with policies to cut back support for the vehicles, according to BloombergNEF. BNEF is projecting nearly 22 million passenger EV sales this year, up 25% from 2024. China…

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U.S. utilities caught “flat-footed” by surging data center electricity, Wood Mackenzie says

By Mark Jaffe, EUCI energy writer U.S utilities have been caught “flat-footed” in the face of the soaring demand for electricity from data centers and manufacturing plants, according to a Wood Mackenzie study. Wood Mackenzie is tracking 134 gigawatts (GW) of proposed data centers across the U.S., a 68% increase from the 50 GW in…

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Loss of renewable energy tax credit could lead to higher wholesale electricity prices

By Mark Jaffe, EUCI energy writer The repeal of renewable energy tax credits, part of the proposed Republican budget bill, would lead to a 15% decline in wind, solar, and battery storage capacity by 2035 and an increase in wholesale and retail electricity prices, according to an S&P Global forecast. “As renewable generators lose the…

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Summer electricity demand and prices to rise, resources should be adequate, FERC says

By Mark Jaffe, EUCI energy writer Wholesale electricity prices in the U.S. are projected to rise by an average 12% this summer, and while the margin between demand and generation capacity will be thinner, there should be adequate capacity, according to a Federal Energy Regulatory Commission (FERC) assessment. Electricity demand this summer is expected to…

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