Author: Princess Val Durado

Focus U.S. community solar capacity to exceed 14 GW by 2029  PV-Tech – August 12 Analyst Wood Mackenzie expects the U.S. community solar sector to add 7.3 GW of new capacity by 2029, which would push the total cumulative installed community solar capacity to above 14 GW, according to a recent report published in collaboration with the Coalition for Community Solar Access. The report notes that a significant percentage of…

Current Market Rates Wholesale Energy Prices: If wholesale electricity prices are low, it might be a good time to lock in a lower rate with a deregulated supplier. Monitoring market trends and comparing them with utility rates can help determine if the current rates are favorable. Fixed vs. Variable Rates: Some deregulated suppliers offer fixed rates, which can protect businesses from future price spikes, while others offer variable rates that…

BLM proceeds with nine solar projects on Western public lands  T&D World – July 29 According to the Department of the Interior, the Bureau of Land Management (BLM) is proceeding with nine solar projects on public lands to potentially power nearly 2 million homes with clean energy. Among the projects, the BLM is opening a 45-day public comment period on the Draft Programmatic Environmental Impact Statement and Resource Management Plan…

Aug 2024 natural gas contract retired yesterday as prompt month. It closed down ten cents on the day at $2.08/MMBtu. This is also down from $2.25 on the week. As the new prompt month, Sep 2024 is currently trading at $2.04. Prices are softer yesterday and today with the release of the new weather forecast. The 8-14 day forecast shows some cooling in the northern part of the U.S. This…

New York Gov. Kathy Hochul announced the state’s latest land-based renewable energy solicitation, continuing progress toward the state’s Climate Leadership and Community Protection Act goal to obtain 70 percent of New York’s electricity from renewable sources by 2030. Eligibility applications are due July 15, 2024, with final proposals due August 8, 2024. The competitive solicitation, administered by the New York State Energy Research and Development Authority (NYSERDA), is the latest in…

Petroleum In March, OPEC+ announced the extension of additional voluntary cuts of 2.2 million barrels per day through June, aimed at stabilizing and balancing the oil markets.  These voluntary cuts were in addition to the voluntary cuts previously announced in April 2023 and later extended until the end of 2024.  Meanwhile, according to our International Energy Statistics, US crude oil production hit a record high in 2023, more than any nation at…

Record U.S. Oil Production and the Potential Impacts By Schenley N. Kent Domestic oil production in the U.S. reached a new record in November 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration. In “Domestic Oil Production in U.S Reached Record Levels,” historical data shows that the new domestic oil production record set in November surpassed the previous record of 13.25 million barrels per…

PetroleumThe oil markets continued its hypersensitivity to geopolitical events in February as hostilities intensified in both the Red Sea and Russia increasing concerns over supply disruptions. Meanwhile, OPEC+ is expected to extend and/or deepen their production cuts into the 2nd Quarter, while non-OPEC production growth is expected to continue. Heating Oil:  The average price for a gallon of heating oil on the East Coast was $4.124 per gallon for February,…

BLM’s new mission: Protect landscape in West’s ‘sea of solar’ E&E News – February 1The Bureau of Land Management (BLM) is reviewing 20 major renewable energy projects — mostly solar — across the West that would cover as much as 193,000 acres of federal land, and generate 13,845 MW of electricity, or enough to power more than 4 million homes. BLM is working to site projects where natural resource conflicts are…

In recent times, the United States has experienced an intriguing phenomenon – notably low natural gas prices, despite the ongoing international conflicts in the Middle East. Traditionally, geopolitical tensions in this volatile region have been associated with increased energy prices globally. However, the current situation in the U.S. presents a unique scenario that demands a closer examination. Factors Contributing to Low Natural Gas Prices: Why the Situation May Change: The…