Northeast Heat Wave Causes U.S. Electricity Use To Soar Power use on the U.S. East Coast has been at its highest levels in years in recent days as a heat wave has been sweeping across the Northeast, including in New York City. Electricity demand in New York reached its highest since 2013, as the city … Continue reading Northeast Heat Wave Causes U.S. Electricity Use To Soar
Quebec Freezes Crypto Mining Power Requests Amid Excessive Demand Canada’s biggest electric utility Hydro-Quebec will temporarily halt processing requests from cryptocurrency miners due to “unprecedented” demand that has exceeded the company’s short and medium-term capacity. In a press release dated June 7, the utility company noted that the directive to stop processing such requests came … Continue reading Quebec Freezes Crypto Mining Power Requests Amid Excessive Demand
U.S. to meet peak electricity demand this summer in all areas but one The United States has enough resources to meet peak electric demand this summer in all areas except for the Electric Reliability Council of Texas, according to the North American Electric Reliability Corp. The anticipated reserve margin, or the projected amount of unused … Continue reading U.S. to meet peak electricity demand this summer in all areas but one
New York ISO Predicts Electric Use Will Decline Through 2028 The New York Independent System Operator released a new report that indicated energy usage is set to decline over the next decade at a rate of 0.14 percent per year over the next decade, with peak demand falling 0.13 percent during the same time. In … Continue reading #New_York ISO Predicts Electric Use Will Decline Through 2028
The shifting winds of near-term renewable energy demand drivers Historically, U.S. renewable development was driven almost exclusively by renewable portfolio standards (RPS), state-level renewable mandates that have facilitated above-market compensation for renewable generation owners. In recent years, corporate demand has emerged as an increasingly important driver, with corporate off-takers accounting for more than 30% of … Continue reading The shifting winds of near-term renewable energy demand drivers
As Demand For Electricity Falls, Utilities Look To Electric Cars To Save Them To understand the way the utility industry in America is structured, you have to look back in time to the railroads. When Manifest Destiny and the “iron horse” were transforming the prairies, titanic battles between captains of industry resulted in a welter … Continue reading As Demand For Electricity Falls, Utilities Look To Electric Cars To Save Them
Power demand high in cold weather NEW LONDON — Firelands Electric Cooperative’s power supplier, Buckeye Power, is forecasting high power loads throughout this week. Loads across the PJM region and Ohio are expected to the very high. Load management is necessary across the Buckeye State due to the extremely low temperatures, wind chills, and power … Continue reading Power demand high in #cold_weather
Bitcoin’s insane energy consumption, explained he skyrocketing value of Bitcoin is leading to soaring energy consumption. According to one widely cited website that tracks the subject, the Bitcoin network is consuming power at an annual rate of 32TWh—about as much as Denmark. By the site’s calculations, each Bitcoin transaction consumes 250kWh, enough to power homes … Continue reading #Bitcoin ’s insane energy consumption, explained
Some US power prices higher than last year as summer approaches The North American power pricing team takes a coast-to-coast look at the US electric power landscape, including forecast demand, generating capacity and prices for ERCOT, Cal-ISO and the PJM Interconnection. Kassia Micek, Charles Noh and Jeff Zhou evaluate how the power markets are shaping … Continue reading Some US #power_prices higher than last year as summer approaches
Utilities face flat electricity use Electric utilities have been doing everything they can to preserve their bottom line, from conducting multibillion- dollar mergers to snapping up more profitable natural gas businesses. Their trouble lies in one thing they can’t control: demand. Power consumption in the U.S. has stalled for the past decade, breaking the link … Continue reading Utilities face flat electricity use
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