Tag: Power
Alberta power price protection now covering Medicine Hat consumers
If rates rise above 6.8 cents, rate cap automatically applied to bills of consumers Medicine Hat power consumers will not pay more than 6.8 cents per kilowatt hour through May 2021. This is the same protection offered to Alberta families, farms and small businesses on the Regulated Rate Option thanks to An Act to Cap Regulated […]
Quebec to New Hampshire transmission line project approved by US Dept of Energy
DOE approves long-delayed New England infrastructure and clean energy project WASHINGTON, D.C. — The Department of Energy(DOE) issued a Record of Decision and approved the Presidential permit for the proposed Northern Pass Transmission Line project, according to a DOE press release. The 192-mile above and below ground, alternating and direct current transmission system will deliver up to 1090 […]
Eroding diversity in U.S. power grid will create higher power bills, negative impacts
U.S. power grid becoming less cost-effective, less reliable and less resilient The U.S. power grid is on track to lose cost effective power supply diversity, a trend that will raise the cost and variability of power bills and create negative macroeconomic impacts that would ripple out through the broader U.S. economy, a new study by IHS […]
NaiKun forms partnership for first Canadian offshore wind project
Wind resource in Hecate Strait could provide excess of 2 GW of power NaiKun Wind Energy Group executed a Letter of Intent (LOI) with DONG Energy to advance its offshore wind project, proposed in Hecate Strait between Haida Gwaii and Prince Rupert, according to a press release. DONG Energy, based in Denmark with North American […]
Canadian hydro-electric exports to US growing because of state renewable energy targets
Exports of Canadian hydro power growing, but revenue shrinking because of lower prices Since 2012, eastern Canada has been the source of about 70 per cent of Canada’s electricity export volumes, according to a National Energy Board press release. The remaining 30 per cent originate from western Canada. Most eastern Canadian exports are from Quebec and […]
Canadian electricity prices increasing faster than inflation, trends vary by province
Alberta electricity costs initially higher than rate of inflation but then fell; by 2016 costs were well below 2007 levels Over the last decade, the electricity component of Canada’s consumer price index (CPI) increased faster than the price index for all consumer items, according to a government press release. In other words, on average, electricity costs […]
Alberta review to explore greener community power generation
AUC will meet with utilities, consumer groups, developers and other interested stakeholders To make it easier for Albertans to generate their own electricity, the province will explore ways to enable more small-scale, community-owned generation from greener sources, such as wind or solar, according to an Alberta government press release. The province is directing the Alberta […]
US natural gas market tightens despite exceptionally mild winter: Kemp
Increasing underlying demand for gas from power producers should support prices at relatively firm level By John Kemp LONDON (Reuters) – Warm weather has masked how much the underlying supply and demand picture for US natural gas has tightened this winter thanks to lower production and strong exports. The winter heating season of 2016/17 has […]
North America and Europe: the push for renewable energy
Solar may not be ‘the new shale’ yet, but making impact on hydrocarbon demand faster than previously expected More than any other region, North America and Europe will see an underlying narrative of declining fuel demand as a result of de-carbonisation efforts and the availability and relatively low cost of gas. As we approach 2035, […]
FERC proposes minimum pricing requirements for fast-start resources
Fast-start resources can start up in 10 minutes or less, have a minimum run time of 1 hour or less The Federal Energy Regulatory Commission(FERC) has taken another step to support efficient investments in wholesale power markets, with a proposal that regional grid operators adopt market rules that meet certain requirements when pricing fast-start resources. A fast-start […]
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