power

Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

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…

October 10, 2022
What Does California’s Energy Meltdown Say About the U.S. Power Market? – Listen Now to NGI’s Hub & Flow

What Does California’s Energy Meltdown Say About the U.S. Power Market? – Listen Now to NGI’s Hub & Flow

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…

September 16, 2022
European Power Prices Skyrocket as Natural Gas Supply Fears Keep Driving Records

European Power Prices Skyrocket as Natural Gas Supply Fears Keep Driving Records

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…

August 26, 2022
Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

Global Natural Gas Rally Continues as Fears Grow Over Winter Energy Shortages — LNG Recap

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…

September 28, 2021
Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

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…

February 17, 2021
Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

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…

February 16, 2021
Wholesale U.S. Power Prices Lower, Less Volatile in 2020

Wholesale U.S. Power Prices Lower, Less Volatile in 2020

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)…

January 14, 2021
California Undaunted by FERC Staff Critique of Rolling Blackouts

California Undaunted by FERC Staff Critique of Rolling Blackouts

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…

December 28, 2020
Amid Shift Away from Fossil Fuels, California Led in Electricity Imports Among Lower 48 in 2019

Amid Shift Away from Fossil Fuels, California Led in Electricity Imports Among Lower 48 in 2019

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…

December 7, 2020
Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s Comisión Federal de Electricidad (CFE) is set to start producing electricity in early December at its long delayed 642 MW Huexca combined-cycle thermal power plant in the central state of Morelos. The completed plant in Morelos state has been stalled because of local protests and objections over the natural gas-fired power plant and neighboring…

November 24, 2020
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