Crude Inventories at 80 Year High

February 18, 2016

U.S. crude inventories rose by 2.1 million barrels last week to 504.1 million barrels, a new weekly record high, the Energy Information Administration said. In monthly data, which don’t line up exactly with weekly data, inventories last exceeded 500 million barrels in 1930. Brought to you by your EarlyBird Power Market Research Team.

Supreme Court Retains Demand Response Mandate

February 11, 2016

On Monday, January 25, the Supreme Court reaffirmed a mandate created in 2011 by the Federal Energy Regulatory Commission (FERC) that requires utilities to pay energy consumers for reducing their electricity usage during peak demand. Electricity generators and utilities challenged the rule, asserting that FERC was overstepping its boundaries, but Justice Elena Kagan confirmed the […]

Grid Operators in New England and New York Improve Power Market Coordination

December 22, 2015

Through a joint effort, power grid operators in New England and New York have launched the Coordinated Transaction Scheduling System. The system will bring much efficiency to regions’ respective power grids along with the transmission lines that connect them. It will improve the exchange of electric energy over transmission lines and better the flow of […]

Congress Extends Renewable Energy Tax Credits

Last Friday, a divided Congress passed a budget deal that will continue to support the growth and development while spurring competition in the renewable energy market. President Barack Obama signed into law the Consolidated Appropriates Act, 2016 [Act] which extends and modifies investment tax credits for renewable energy developers and projects before phasing these credits […]

SunEdison’s Stock Falls 24% – Solar Giant Doubts Ability to Fund Construction of Future Assets

November 11, 2015

SunEdison Inc., the world’s largest renewable energy development company, saw its stock price slide 24% on Tuesday, November 10th. The U.S. solar company posted wider-than-expected losses compared to analyst’s projections. The stock went down to $5.91 after losing $1.49 (20.1 percent) during mid day trade on the New York Stock Exchange. Since hitting a year […]

Entergy Closes Yet Another Nuclear Plant, This Time NY’s FitzPatrick Plant in Scriba, NY

November 3, 2015

Entergy Corp. is closing yet another nuclear power plant, this time in upstate New York. The electric power producer and retail distributor is set to close the James A. FitzPatrick Nuclear Power Plant in Scriba, New York. This announcement comes right on the heels of Enetergy’s decision to close the Massachusetts located Pilgrim nuclear power […]

Massachusetts Winter Rates for Gas Released on 10/31/15: November 2015 – April 2016

Both Eversource Gas and Columbia Gas of Massachusetts released their Winter Rates in Massachusetts.  There are effective as of November 1st, 2015 through April 30th, 2016. Eversource Gas is offering residential and small commercial gas customers the opportunity to “lock in” the price per therm for the Supplier Portion of their gas bill.  These customers […]

NYMEX November Natural Gas Falls, Natural Gas at 3-Year Low; Nears $2.00 Mark

October 26, 2015

After falling all last week, November natural gas finds itself at $2.06 per million BTU, nearing the $2.00 mark. The last time natural gas futures prices were this low was back on March 30th, 2012, marking a three year low for the energy commodity. Cold weather fuels demand for natural gas, the primary heating source […]

Supreme Court Examines Demand Response

October 16, 2015

This week, the U.S. Supreme Court held oral arguments regarding federal regulation that could have important influence on the electricity markets and energy efficiency. The regulation in question concerns what is known in the power sector as “demand response.” The Federal Energy Regulatory Commission (FERC), with the weight of the Obama Administration behind it, hopes […]

Entergy to close Plymouth’s Pilgrim Nuclear Power Station

October 15, 2015

Pilgrim Nuclear Power Station will be closed no later than June 2019, said operators on Tuesday, October 13th. Pilgrim is the last nuclear power plant in Massachusetts and the announcement comes one month after the U.S. Nuclear Regulatory Commission labeled the plant as one of the nation’s three least-safe reactors citing a timeline of mishaps […]