A new report last week by the London-based environmental group CDP finds that more than 100 cities worldwide now get the majority of their power—70 percent or more—from renewables.
Electricity Demand
Renewable Energy Update – March 2018
By William R. Devine, Barry Epstein & Renée Louise Robin | Allen MatkinsSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Low demand, depressed wholesale prices & low cost shale gas are to blame In late December 2014, Entergy Corp. announced that Yankee nuclear power plant would cease operation after 42 years of service during which it generated 171 billion kWhrs of carbon-free electricity – more than 70% of Vermont’s electricity total demand since 1972. Bill… Keep reading →
Gov. Jerry Brown of California has proposed ambitious new targets for increasing the quantity of renewable energy in state’s electric grid to 50% by 2030 from the current target of 33% by 2020. California is a leader in renewable power production and is already running into technical challenges managing the overproduction of renewable power. Four… Keep reading →
The fortunes of natural gas will increasingly drive electricity pricing as it continues to displace coal, Black & Veatch forecasts in the latest Energy Market Perspective. Black & Veatch’s long-term forecast on electric power assumes a moderate economic rebound driving demand at a projected growth rate of 1.1% from 2013 through 2038. Growth in peak… Keep reading →
UBS Analysis: Efficiency and Solar Create ‘Difficult Road’ for Global Utility Sector in 2014
By Greentech Media“Distributed, point-of-use solar should prove to be the most disruptive renewable technology.” The financial services firm UBS is predicting a “difficult year ahead” for global investor-owned utilities. In a recent research paper, UBS equities analysts outlined a combination of challenges for utilities: rising interest rates that will likely push investors toward higher-risk stocks and away… Keep reading →
Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →
Coal, renewables, nuclear and decreased year-on-year electricity demand are all eating into US natural gas-fired power generation. Increased installed wind power capacity played a major role, as developers rushed to achieve project eligibility ahead of scheduled end-2012 PTC expiration, according to Genscape data. “Year-to-date gas-fired generation continues to trail 2012 by 13%. It has lost… Keep reading →
Wifi-enabled thermostats can deliver substantial efficiency benefits when they’re used, but the trick is expanding deployment to as many households as possible. Broadening the range of wifi thermostats that can link up to any utility’s demand response program could help to achieve that. Home thermostat technology has made evolutionary leaps and bounds, such as the… Keep reading →
It was no April Fool’s Day prank when the rate of a power demand increase spiked to its highest level of the year – 12.4% – on the morning of April 1st, 2013 in the Southwest Power Pool territory. Low seasonal and weekend demand overnight quickly reversed course as the business week began and utility… Keep reading →