power

Thirteen Massachusetts-based municipal public power entities have agreed to purchase more than 110 GWh/year of electricity from two hydroelectric power plants in Connecticut owned by FirstLight Power Resources Inc. The offtaker under the power purchase agreement (PPA) is Energy New England (ENE), a wholesale risk management and energy trading organization serving municipal utilities in New…

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into California’s energy shortages, brought about by extreme weather and drought, and how those issues are playing out in the transition to a net-zero carbon future. In the podcast, NGI’s Shaylon Stolk, senior energy analyst, discusses the underlying issues that…

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…

Natural gas prices across the world climbed higher on Tuesday, fueled by the prospect that there will be energy shortages from Europe to Asia this winter.  British and Dutch benchmarks closed higher Tuesday, beating an all-time record set Monday after finishing close to $30/MMBtu. In the United States, prices also continued climbing toward $6 as…

Amid a seemingly never-ending wave of Arctic air that crippled infrastructure in the so-called energy capital of the world and across the country’s midsection, resulting in widespread power outages, natural gas prices continued to reach new heights in Oklahoma on Wednesday. Next-day gas prices soared into the thousands in the Sooner State, according to NGI…

Natural gas futures soared Tuesday following a historic Arctic freeze that crippled much of the nation’s natural gas infrastructure as demand soared to unprecedented levels. The March Nymex gas futures contract settled at $3.129/MMBtu, up 21.7 cents from Friday. April prices lagged a bit, climbing 10.7 cents to $2.983. Cash prices remained volatile after the…

Domestic wholesale electricity prices were lower and less volatile in 2020 versus 2019, though in the latter half of the year, prices did trend higher for western states, the Energy Information Administration (EIA) said Friday.  Prices in the California Independent System Operator (CAISO) market were 5% lower, while the Electric Reliability Council of Texas (ERCOT)…

California’s grid operator this week brushed off recent FERC staff criticism of its handling of last summer’s heat wave that resulted in state-ordered rolling blackouts throughout the nation’s most populous state last Aug. 14-15. The Federal Energy Regulatory Commission’s staff concluded that the California Independent System Operator (CAISO) overestimated the capacity available from demand response…

Populous California, where officials have been pushing to move the energy mix away from natural gas and toward renewables, imported by far the most electricity of any state in the Lower 48 in 2019. The Energy Information Administration (EIA) in a research note Monday said the Golden State’s net electricity imports totaled 70.8 million MWh…