“The primary role of corporate offtake agreements [is] to mitigate the financial risk associated with earning revenue from the variable wholesale electricity market,” the Clean Energy Buyers Association said.| Utility Dive - Latest News
Just hours before most U.S. federal agencies closed, the Bureau of Labor Statistics said it would not release highly anticipated jobs data on Friday.| Utility Dive - Latest News
Affordability concerns have risen in the PJM sphere due to “tightening supply and demand,” writes Senior Vice President Asim Haque. Supply has left the system due primarily to state policy and federal rules, he says.| Utility Dive - Latest News
Load from data centers drove up revenue in the PJM Interconnection’s last capacity auction by $7.3 billion, said Monitoring Analytics. It said it is “misleading” to say market results simply reflect tightening supply and demand.| Utility Dive - Latest News
“Our democracy is badly broken when a president can illegally suspend projects for Blue states in order to punish his political enemies,” said Sen. Adam Schiff, D-Calif.| Utility Dive - Latest News
See our annual list of notable power-sector conferences where industry leaders will share knowledge in a rapidly-changing landscape.| Utility Dive - Latest News
Coal is still in the negative from January through July, with retirements resulting in an overall loss of 40 MW of capacity, the report said.| Utility Dive - Latest News
Halting federal projects will likely have downstream effects on private-sector confidence and costs of materials and labor. “The construction supply chain is tightly interconnected,” one contractor said.| Utility Dive - Latest News
Transmission lines built for data centers fall into a "regulatory gap,” with utility customers on the hook for the costs, the Union of Concerned Scientists said.| Utility Dive - Latest News
Regulation, tariffs, labor shortages, supply chain issues and “sophisticated power and utility needs” are complicating data center development, say contract attorneys.| Utility Dive
Three years after a vital scientific breakthrough, Dominion Energy and the Tennessee Valley Authority have struck deals with nuclear fusion startups. Some experts remain skeptical.| Utility Dive
The passage of AB 825 caps a years-long push by many clean energy advocates to regionalize the Western energy markets and sets the stage for the creation of a regional transmission organization.| Utility Dive
“This organization can evolve to offer the full range of [regional transmission organization] services,” Brian Turner, an Advanced Energy United director, said.| Utility Dive
Advocates say gutting grid reliability programs threatens to undermine the state’s progress.| Utility Dive
The new provisions seek to address rising electricity costs, wildfire mitigation and climate funding. The package includes a revolving fund for transmission and a blueprint for a regional Western electricity market.| Utility Dive
The ability to transfer tax credits has allowed for new investors, new structures and faster deals, experts say, but is threatened by congressional budget proposals.| Utility Dive
The federal government would purchase power from at-risk plants using its emergency authority and a Cold War-era nationalization law, according to a memo released Friday.| Utility Dive
The “Speed to Power” initiative could boost grid reliability and affordability, but only if all energy resources are included, said John Moore, director of the Sustainable FERC Project.| Utility Dive
The orders pause wind lease sales and permitting on federal lands while taking steps to accelerate other forms of energy production.| Utility Dive
The Interior Department said it will “reevaluate under the Outer Continental Shelf Lands Act” its decision to approve the project’s construction and operations plan and move for a remand by Sept. 12.| Utility Dive
Developer Ørsted said the project, located in federal waters about 15 miles off the coast of Rhode Island, is about 80% complete. The company’s shares tumbled to an all-time low following the news.| Utility Dive
After selling its stakes in the 130-MW South Fork Wind and 704-MW Revolution Wind projects, Eversource expects to record a net loss of $520 million for the third quarter.| Utility Dive
The states argue in their motion that Revolution Wind is “real, fully permitted, and nearly complete.”| Utility Dive
Consumer advocates say the changes will worsen energy affordability issues in Nevada and make NV Energy’s solar net metering program less effective for customers.| Utility Dive
“You never know about the next time, and there's going to be a next time,” Federal Energy Regulatory Commission Chairman Mark Christie said about grid operators' ability to avoid blackouts this week.| Utility Dive
At the same time, New Hampshire's governor signals that an Eversource Energy utility may face more regulatory challenges.| Utility Dive
If approved by state utility regulators, the rate increase would be the fourth in a decade for Arizona Public Service.| Utility Dive
The Federal Energy Regulatory Commission rejected the St. Louis-based utility’s request to include an extra 0.5% return on equity in its cost recovery for the plant.| Utility Dive
Inflation Reduction Act tax credits support energy infrastructure needed to meet rising demand for electricity, an Iowa Republican said during a House hearing.| Utility Dive
EPA argued that the funding freeze would not cause irreparable harm to grantees, while the grantee plaintiffs say the freeze is “potentially fatal” for their operations.| Utility Dive
“We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.| Utility Dive
The Climate READi framework can help energy companies prioritize investments and adapt the evolving electric system to the climate of the future.| Utility Dive
An overview of the five varieties of advanced reactor that stand out right now.| Utility Dive
It costs far less — and takes less time — to aggregate existing customer-sited resources than it does to build new dispatchable generation or storage. “Light bulbs are starting to go off,” said one expert.| Utility Dive
Electric transformers are critical to managing power system reliability. Solutions to the bottleneck are emerging, but long wait times remain.| Utility Dive
President Donald Trump promised additional executive branch restrictions on wind, solar and EV projects in exchange for Freedom Caucus members' support of the bill, Rep. Ralph Norman, R-S.C., said.| Utility Dive
Although there were problems specific to the Utah Associated Municipal Power Systems project, the financial challenges and cost trends witnessed in that case will afflict any small modular nuclear reactor.| Utility Dive
They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions.| Utility Dive
Consumers across the PJM Interconnection footprint will pay $14.7 billion for capacity in the 2025-26 delivery year, up from $2.2 billion in the last auction.| Utility Dive
Internet queries utilizing artificial intelligence require about 10x the electricity of traditional internet searches, according to analysis by the Electric Power Research Institute.| Utility Dive
Accelerating industrial electrification requires policymakers to ensure increased electricity demand is supplied with new least-cost clean generation in rural areas with high-quality renewable resources.| Utility Dive
Data from FERC Form 714 shows grid planners expect nationwide power demand to grow 4.7% over the next five years compared with a previous estimate of 2.6%.| Utility Dive
After peaking in the summer of 2022, the price of residential electricity is projected to rise more slowly over the next two years, according to the Energy Information Administration.| Utility Dive