EarlyBird News

With hot temperatures expected in ISO-NE, NYISO, and PJM in second half of this week, particularly on Thursday, we may see peak energy days. If you can, we recommend that you limit your electricity usage as much as possible during this timeframe, especially during peak usage hours (2:00 P.M. – 6:00 P.M.). This reduction can […]

In a near unanimous vote last Wednesday, the House backed a bill that would require utilities to enter into long-term contracts (15-20 years) for large-scale (1,200 megawatts) hydroelectric and offshore wind power in an effort to reduce the state’s reliance on natural gas and reduce carbon emissions. According to Rep. Thomas Golden of Lowell, the […]

Eversource has proposed new basic service rates beginning July 1, that would yield cheaper rates by over 25%. For medium and large commercial and industrial entities (rate classes B2, B3, G6 and G8) the fixed rate of 7.07 cents represents a decrease of 23% from last year’s basic service fixed average from July through December […]

On Wednesday, Kinder Morgan, a subsidiary of Tennessee Gas Pipeline Co., suspended any further work and spending on its Northeast Energy Direct (NED) natural gas pipeline project due to insufficient commitments from prospective customers. The company has neither the necessary resources nor an expectation of procuring them in order to continue to work on the […]

On Tuesday, leaders of the Massachusetts House and Senate reached a deal to increase the level of solar energy that public and private customers can sell back to the grid by 3 percent. Additionally, the agreement stipulates a reduction in the value of new solar project incentives. The negotiations would also give utilities the ability […]

According to a study published in Nature last week, sea levels could rise twice as much as previously anticipated by 2100 if carbon dioxide emissions remain unchecked. Current consensus projects that sea levels could rise by just under a meter by the end of the century; however, this figure does not factor in a substantial […]

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.

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 […]

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 […]

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 […]