We expect average wholesale electricity prices for 2024 in most areas of the country to be close to or slightly lower than in 2023 because of relatively stable generation fuel costs. However, periods of high demand or power market supply constraints could lead to temporary spikes in wholesale prices. We … [continued]
This summer, the United States endured the two warmest months ever recorded, yet the system held because of renewable energy.
Electricity grid operators often keep a wary eye towards the thermometer, particularly during the summertime danger season, as daily temperatures soar above 90 degree Fahrenheit and heat waves spread around the country. And for good reason: extreme heat events cause a host of reliability issues for the grid. Electricity demand … [continued]
Offshore wind stakeholders may have the wind at their backs in Texas, where conditions are ripe for offshore development despite pushback from the usual suspects.
Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events. The limited availability of coal to substitute for higher-priced natural gas also contributed to higher electricity prices. Prices at all electricity … [continued]
Inter-regional planning and transmission could help keep the lights on during extreme weather.
U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 and in 2021. We expect that share to increase to 22% in 2022 and to 24% in 2023 as more generating capacity from wind and solar come online and … [continued]
On Sunday, the Texas electric grid operator, ERCOT, requested that consumers conserve energy on Monday for fear that the electric grid would not be able to meet the demand during an extremely hot day. In doing so, ERCOT downplayed the fact that “dispatchable” coal and gas were offline and suggested … [continued]
Tesla has over 60 pages of Public Utility Commission of Texas (PUCT) filings that have recently been shared publicly, and we’re about to dive into them. Grab some water and a coffee and let’s go. Tesla and its team, including its US Energy Markets Policy Lead, Arushi Sharma Frank, have … [continued]
Tesla’s US Energy Markets Policy Lead, Arushi Sharma Frank, was recently asked to testify at a Public Utility Commission of Texas Open Meeting. A photo of Frank wearing an LFDECARB tee shirt popped up on Twitter. The tee shirt itself is a message focused on decarbonization by the group Bros … [continued]
