The cost of electricity has surged to record highs across Europe, following a meteoric rise in natural gas prices that could pave the way for painfully high consumer rates across the continent through the winter and well beyond. Electricity futures across much of the continent jumped above 600 euros/MWh last week, an exponential gain from…
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Pennsylvania Court Briefly Pulls Plug on Power Plant Emissions Trading
Foes of a new Pennsylvania Department of Environmental Protection (DEP) power plant carbon dioxide (CO2) emissions regulation won a court victory earlier this month suspending implementation. Regulators, however, are seeking to have the injunction overturned. DEP and the state’s Environmental Quality Board (EQB) filed an appeal with the Pennsylvania Supreme Court this week after the…

Rising Offshore Wind Development to Alter Natural Gas Demand Dynamics
As the Bureau of Ocean Energy Management (BOEM) offers more offshore wind lease sales on both coasts, power plant developers and operators have said they have plans for more than 6 GW of capacity installments through 2029, according to the Energy Information Administration (EIA). While the East Coast has remained relatively unaffected by the integration…

SCOTUS Ruling on Power Plant Emissions Seen as Warning to Federal Agencies to Tread Lightly
This week’s Supreme Court ruling in the case of West Virginia v. Environmental Protection Agency (EPA) should be interpreted as a warning to federal agencies not to overstep their explicit statutory authority in crafting regulations, according to legal and energy experts. At the heart of the case was whether EPA had legal authority under section…

In Blow to Biden Climate Agenda, Supreme Court Limits EPA Authority Over Power Plants
In a victory for the natural gas and coal industry, the U.S. Supreme Court on Thursday curtailed the Environmental Protection Agency’s (EPA) authority to regulate greenhouse gas emissions (GHG) from power plants. In a 6-3 decision, the high court sided with plaintiffs, including the coal-producing states of West Virginia and North Dakota, as well as…

Is Renewable Energy About to Boom? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In this episode, NGI senior editor Chris Lenton talks to NGI senior analysts Shaylon Stolk and Josten Mavez about the renewable energy landscape and how natural gas fits into the mix. The war in Ukraine has completely upended the global energy…

Georgia Power Completes ‘Largest’ Test of Hydrogen in Existing Natural Gas Plant
Georgia Power announced it was able to efficiently generate power using a 20% blend of hydrogen with natural gas in a month-long demonstration at one of its plants, which it said could validate the use of existing natural gas infrastructure to lower emissions. The utility collaborated with Mitsubishi Power Americas Inc. and the Electric Power…

Hefty Production Drop, Lagging Wind Generation Behind Natural Gas Futures’ Huge Recovery
A large decline in production fueled a rebound in natural gas futures midweek, with lower wind generation providing additional market support. The July Nymex contract settled Wednesday at $8.696/MMBtu, up an astounding 55.1 cents on the day. August futures climbed 54.8 cents to $8.686. Spot gas prices also rallied on robust power burns, with NGI’s…

Natural Gas to Compensate for Shortfall in California Hydropower, Says EIA
Natural gas-fired electricity generation would pick up the slack in California left by the state’s drought-compromised hydropower resources, according to the Energy Information Administration (EIA). In a recent analysis, researchers found that California’s extended drought could cut the share of summer electricity generation from hydropower to only 8%, or 6.8 million MWh, from June through…

Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats
Following a loss last week, natural gas futures bounced back on Monday as traders mulled reports of robust power burns and lighter production. The June Nymex contract gained 29.3 cents day/day and settled at $7.956/MMBtu. July rose 28.8 cents to $8.053. The prompt month had closed lower Friday and shed 5% the past week. NGI’s…