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…
By Mark Jaffe, EUCI energy writer The combination of geopolitical uncertainty – driven by war in Ukraine and the Middle East – and a soaring demand for energy are reviving global prospects for coal, according to a Wood Mackenzie analysis. “Coal-fired power could be a bigger part of the energy mix for longer than expected,…
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…
By Mark Jaffe, EUCI energy writer The solar industry posted a solid first quarter in 2025, but is already seeing a slowdown that will continue through 2030 due to federal tax and tariff policies, according to a Wood Mackenzie-Solar Energy Industries market analysis. The industry installed 10.8 gigawatts (GW) of solar generating capacity in the…
By Mark Jaffe, EUCI energy writer The U.S. Department of Energy (DOE) has canceled $3.7 billion in grants to industries aimed at cutting carbon emissions and improving energy efficiency at facilities ranging from cement kilns to a ketchup factory. “DOE found that these projects failed to advance the energy needs of the American people, were…
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…
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…
By Mark Jaffe, EUCI energy writer The combination of coal-fired power plant closures, spurred by state and federal initiatives, and generous tax credits for new electric generation under the Inflation Reduction Act created a flood in renewable energy projects now waiting to get connected to the grid. “The surge in investment and development has overwhelmed…
By Mark Jaffe, EUCI energy writer In the face of tariffs and economic and political uncertainties, the performance of clean energy technologies remains robust with 59 gigawatts (GW) of renewable generation and 31 GW of battery storage set to be installed in 2025, according to two market reports. “Investors and businesses navigating the energy transition…
By Mark Jaffe, EUCI energy writer As data centers multiply and with them a sharp increase in the demand for electricity, nuclear power is poised for a resurgence providing as much as 10% of data center power in the next decade, according to a report by Deloitte. “Nuclear energy presents a potential solution for meeting…
By Mark Jaffe, EUCI energy writer In the last 10 years more than $230 billion has flowed into energy startups, but in the face of economic and political uncertainty, that funding stream has slowed, according to the International Energy Agency (IEA). Between 2015 and 2022, funding for a broad range of startups rose 570%, but…
By Mark Jaffe, EUCI energy writer The Southwest Power Pool (SPP) – serving all or part of 14 states from Texas to North Dakota – will need as much as $263 billion in new generation and transmission through 2050 to support a peak demand projected to rise 40% to 80%. Those investments can be made…
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