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Jan03

Polar Stress Test Revisits Gas-Powered Grids

Posted by Christina Simeone

As 2017 closed out, a deep freeze set in, chilling much of the United States to record-low temperature levels. Artic air moving down from the “polar vortex” had invaded, again. To coin a phrase from HBO’s popular series Game of Thrones, “winter is here.” While the deep freeze remains in place, electric power grids...

Dec21

China Introduces Emissions Trading System

Posted by Oscar Serpell

As the EPA Moves to Replace the Clean Power Plan, China Launches Nationwide Carbon Trading On Tuesday, the Chinese government released plans for the largest carbon credit market in the world. The nationwide program will cap the total carbon allowance of the power generation sector and, over the coming years, is...

Dec19

The World Bank Moves Away From Fossil Fuels

Posted by Mollie Simon

Last week the World Bank Group announced that beginning in 2019 they would no longer be financing oil and gas projects. The World Bank provides loans to developing countries to help foster economic growth. In 2013, the World Bank made a similar commitment to no longer fund coal based projects. The Bank did include the...

Dec13

Part 3: Utilities Continue Coal Retreat, Advance on Gas and Renewables

Posted by Christina Simeone

In my previous two blogs, I talked about historic trends and future forecasts of coal power plant retirements in cost-of-service regulated and competitive market areas. I also highlighted some questions and a disconnect with the U.S. DOE's recent resiliency proposal. Increasingly, regulated power regimes are moving...

Dec13

Part 2: Future Coal Retirements and a NOPR Disconnect

Posted by Christina Simeone

As explored in my last blog, significant coal-fired generation capacity retired between 2007 and 2016, and more of this retired coal capacity was cost-of-service compensated, compared to market (or merchant) compensated. The U.S. DOE’s Notice of Proposed Rulemaking on Grid Resiliency focuses on subsidizing merchant...

Dec12

Part 1: Cost-of-Service Retired More Coal

Posted by Christina Simeone

The U.S. Department of Energy’s (DOE) Notice of Proposed Rulemaking (NOPR) on Grid Resiliency promoted the idea of guaranteed cost-plus-profit returns to generators that store 90 days of fuel on-site (e.g. coal and nuclear plants) and operate in competitive power markets that have capacity markets.   The merits of DOE...

Dec12

Russia’s Troubles With Natural Gas

Posted by Anna Mikulska

Russia holds the largest proven reserves of natural gas and is the world’s top natural gas exporter. These exports have not only been a dependable stream of revenues but also have allowed Russia to use geopolitical tools, mostly to influence countries in Central and Eastern Europe where traditional dependence on...

Nov27

Unpacking IEA’s World Energy Outlook 2017

Posted by Oscar Serpell

Last week, the International Energy Agency (IEA) published their 2017 Annual World Energy Outlook report. Using current trends of electrification, access, energy demand, global fuel markets, and technological advancement, the nearly 800-page report profiles a likely global energy trajectory out to 2040 in its “New...

Nov22

Pennsylvania Should Build Better

Posted by Mollie Simon

Last month, Pennsylvania House Bill 409 (HB 409) was signed into law by Governor Tom Wolf. This bill amends the Pennsylvania Construction Code Act and modifies the process by which the Review and Advisory Council adopts code provisions to the Uniform Construction Code (UCC), Pennsylvania's statewide building...

Nov21

Initial Questions on PJM’s Price Formation Proposal

Posted by Christina Simeone

After reading my last blog, you should have a general sense of PJM’s enhanced energy price formation proposal. Here, I’ll outline some preliminary and basic questions I have, upon initial proposal review. In full disclosure, the complex mathematics and theoretical economics run well over my head. Therefore, most of...

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