What are time-of-use (TOU) rates? How do they work? Dec 6, 2023 Across the country, utilities are beginning to introduce innovative rate structures for residential energy consumers. These rate structures–from time-of-use rates to demand charges to real-time pricing–all have a common goal: to incentivize customers to consume energy when the cost of generating electricity is…
FirstEnergy’s 4 Pa. subsidiaries, including Met-Ed, to combine into one company Dec 10, 2023 First Energy Corp. has won regulatory approval to combine its four Pennsylvania electric-distribution subsidiaries, including Met-Ed, into one company. The Pennsylvania Public Utility Commission (PUC) approved that move on Thursday, Dec. 7, allowing for the combination of Penelec, Penn Power, West…
NARUC establishes new gas-electric working group to tackle grid-related reliability November 28, 2023 At its annual meeting and education conference last week, the National Association of Regulatory Utility Commissioners (NARUC) launched a new 15-month gas electric working group to improve reliability for both the gas and electric industries. “The safety and reliability of the grid…
Clean energy jobs growth worldwide surpasses fossil-fuel sector jobs which saw a decline Energize Weekly, November 29, 2023 Clean energy employment is growing more rapidly than fossil-fuel jobs across the globe and accounted for the majority of the 67 million jobs in the energy sector in 2022, according to an International Energy Agency (IEA) report.…
PG&E bills to soar next year after regulators approve 13% rate increase Thursday Nov 16, 2023 Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates for electricity and natural gas to cover the cost…
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’ November 2, 2023 Duke Energy executives say the company is now in a “new era” after it sold off its two unregulated commercial renewable energy businesses last month. That leaves Charlotte-based Duke as a fully regulated company poised to grow revenues…
Bills could protect Wyoming residents from future utility rate hikes October 31, 2023 Three of seven bills reviewed by state lawmakers Friday morning aim to protect consumers from inflated utility rates while holding companies accountable for reliable energy. The Legislature’s Joint Corporations, Elections and Political Subdivisions Committee meeting happened to coincide with the Wyoming Public…
20 States That Have The Cheapest Electricity In The US October 23, 2023 In this article, we’ll list states with the most affordable electricity prices and explain their power grid. If you want to skip why certain regions pay less for energy than others, read 5 States That Have The Cheapest Electricity In The US.…
U.S. Hit Second Highest Hourly Peak Demand This Summer, EIA Reports October 6, 2023 This summer, the United States hit the second highest peak electricity demand since the Energy Information Administration began collecting data in 2016, the agency said. Peak hourly electricity demand in the continental United States reached 741,815 megawatt hours on July 27,…
EVs could capture 80 percent of new car sales in China, Europe, and the U.S. by 2030 Energize Weekly, October 11, 2023 While it took six years for electric vehicles (EVs) to climb to from 1 percent to 10 percent of the passenger car market, in another seven, they could capture as much as 80…
Utility stocks take a beating amid rising rates October 3, 2023 Utility stocks took a breather on Tuesday following the sector’s worst daily performance since April 2020. The SPDR S&P 500 Utility Sector ETF (XLU) fell 4% on Monday and recovered to end the next day higher. Year-to-date the ETF is down a whopping 21%.…
U.S. solar installations to set a record in 2023 despite tariff, supply chain, and funding uncertainties Energize Weekly, September 27, 2023 Solar installations in the U.S. are poised to reach a record 32 gigawatts (GW) of new capacity in 2023, a 52 percent increase over last year, even as the sector faces uncertainties about tariffs,…
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