EIA forecasts U.S. winter natural gas bills will be 30% higher than last winter
It has been forecasted that residential consumers who use natural gas for space heating will spend an average of $746 on heating this winter (October–March).
Two nuclear power plants in northern Illinois reversed plans to retire early
Illinois signed the energy bill to decarbonize the grid by 2050. The bill also supports carbon-free energy resources, which includes nuclear. Exelon’s two largest plants, Byron and Dresden, will not retire as previously planned. These two plants combined accounted for 20% of the entire state’s electricity generation last year.
FERC Approves New Capacity Auction Date, Pre-Auction Deadlines
FERC approved PJM’s request to move the annual capacity auction for the 2023/2024 Delivery Year to Jan. 25, 2022. They also accepted PJM’s previously proposed pre-auction deadlines impacted by the revised Market Seller Offer Cap. Base Residual Auctions through the 2026/2027 Delivery Year and one Third Incremental Auction for the 2023/2024 Delivery Year are expected to be rescheduled to later dates. PJM should return to the normal three-year schedule in May of 2024 with the BRA for the 2027/2028 Delivery Year.
Global energy storage set to nearly triple in 2021: Wood Mackenzie forecast
The U.S. and Canada are expected to have deployed 15 GWh of annual capacity in 2021, up from 4 GWh in 2020. Over the next five years, states will invest in more storage options, eventually building to a cumulative capacity of about 400 GWh by 2030. Earlier this week, a report predicted annual global energy storage installations of about 20 GW in 2024 and 30 GW by 2030. However, the limited supply of lithium-ion batteries and competition with electric vehicle manufacturers could squeeze the market.
New Michigan Bill Would Allow Some Industrial Customers To Take Retail Choice, Regardless Of 10% Cap
This bill would allow eligible customers to receive supply from a third-party supplier, even if the contracted price is not saving against the utility default price. A few stipulations on the supplier side: for at least three years, the supplier must provide capacity for at least 80% of the customer’s projected PLC (peak load contribution) from a generator within the same location as the customer; the supplier must provide 5 years notice before they return a customer to the utility. Eligible customers are new industrial buildings and facilities, existing industrial buildings and facilities that need new or updated equipment for an expected increase in load, or existing industrial buildings and facilities whose peak load is over 2 MW.