ERC: Electricity Price Trends for the Week Ending October 2

Jim Moore

Short-Term Price Benchmark* Trends Moving to a prompt month of November, last week’s power price benchmarks fell again by a full percent (-0.96 percent), and by two percent (-1.97 percent) compared to a month ago. Retail electricity prices have now declined for the three weeks in a row. The biggest decline last week was in   …Continue Reading

Connecticut, Michigan Get Big Benefits From Energy Efficiency

Carl Weinschenk

A plan detailing how energy efficiency program funding should be spent through the end of 2018 – a plan that consumes 549 pages – has been submitted by Connecticut’s electric and natural gas utilities to the Department of Energy and Environmental Protection (DEEP), according to The New Haven Register. The Conservation and Load Management Plan   …Continue Reading

CAL-ISO Gets FERC Approval for Backstop Capacity Auctions

Cheryl Kaften

On October 1, the California Independent System Operator (CAL-ISO) got the go-ahead (Docket No. ER15-1783-000) from the Federal Energy Regulatory Commission (FERC) to revise its capacity procurement mechanism (CPM) by implementing a competitive solicitation process. The new auction process is intended to ensure that sufficient resources with the right capabilities are offered into the ISO   …Continue Reading

New Wind Farm to Sell Power to Hawaii County Department of Water Supply

Carl Weinschenk

A Hawaiian wind farm that was decommissioned by the Hawaii Electric Light Company in 2010 is getting a second life. The Lalamilo Wind Company is building five turbines at the former Lalamilo Wind Farm location near Puako. Beginning late next year, the turbines will generate 3.3 MW to power eight Hawaii County Department of Water   …Continue Reading

Las Vegas Casinos Bet on Competitive Power Vendors

Carl Weinschenk

The Wall Street Journal reports that Wynn Resorts, MGM Resorts International and Las Vegas Sands Corp. claim that they would save millions of dollars by buying energy for their many casinos directly from solar farms, power plants and other competitive providers. The local utility – NV Energy, which is owned by Berkshire Hathaway – is   …Continue Reading

Holistic Approach to Energy Savings in Dublin, Ohio Schools

Carl Weinschenk

Dublin (Ohio) schools use the JadeTrack platform to track, manage and save energy. It follows use and billing of water, gas and electric use and monitors HVAC systems in real time, according to the Dublin City Schools’ website. The tool also audits district buildings and proposes approaches to cut energy use and increase efficiency. JadeTrack   …Continue Reading

Walmart Saving Money While Driving Efficiency

Carl Weinschenk

A commentary at Fortune looks at Walmart’s progress in achieving its goal of being powered completely by renewables. A key suggestion by the piece is that these efforts cut costs by hundreds of millions of dollars annually in addition to be socially responsible. That money saved can lead to lower prices for consumers or be reinvested   …Continue Reading

ERC: Electricity Price Trends for the Week Ending September 24

Jim Moore

Short-Term Price Benchmark* Trends As predicted last week, retail power prices followed the decline in natural gas prices in what looks like a delayed reaction to last week’s rollback in gas prices and a strong storage report. ERC’s average power price benchmark dropped last week by -1.33 percent, to $0.0789 per kWh. Power price benchmarks   …Continue Reading

Pattern Energy Completes 200 MW Logan’s Gap Wind Facility in Texas

Karen Henry

Pattern Energy has completed construction of its 200 MW Logan’s Gap Wind facility in Comanche County, Texas. This is the power company’s fourth operational wind facility in Texas. Walmart has a 10-year power purchase agreement to acquire 58 percent of the expected output from the facility. Seventeen percent of the expected output will be sold   …Continue Reading

ERC: Electricity Price Trends for the Week Ending September 18

Jim Moore

Short-Term Price Benchmark* Trends ERC’s average power price benchmark pretty much treaded water last week after climbing for the previous two weeks. No states posted a meaningful change in their benchmark price for retail power compared to the previous week. This is in the face of a four-day decline in natural gas prices. While retail   …Continue Reading