GET TIMELY INSIGHTS. Our blog showcases a variety of voices from our home at the University of Pennsylvania—including faculty, students, staff, senior fellows, and visiting scholars. Opinions and perspectives are from the authors; not the Kleinman Center.
After months of fingernail biting, President Trump approved "safeguard tariffs" on imported solar equipment. While the situation seems dark, the sun will rise again.
Can renewable energy keep up with fossil fuels? A new report from the International Renewable Energy Agency says yes.
On December 8, a first LNG cargo left Russia’s Yamal Peninsula. The event has been considered a great win not only by Yamal LNG shareholders but also by the Russian government, which sees the project as a first step to Russia’s becoming the world’s top LNG player. Yamal LNG was completed on time despite difficult...
Yesterday, facts (the real ones, not the alternative kind) ruled the day at FERC, as the commission unanimously rejected the proposal from Department of Energy (DOE) Secretary Rick Perry to guarantee cost recovery to merchant nuclear and coal plants that store 90 days of fuel on site. FERC’s January 8th order came...
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...
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...
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...
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...
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...
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...