Will EPA ‘ACE’ Its Attempt to Replace The Clean Power Plan? A Deeper Dive Into EPA’s Proposed Affordable Clean Energy Rule

Introduction As we have previously reported, on August 21, 2018, the U.S. Environmental Protection Agency (“EPA”) proposed to replace the Obama Administration’s Clean Power Plan (“CPP”) with the Affordable Clean Energy Rule (the “ACE Rule”).  Comments on the proposed ACE Rule are due by October 30, 2018. EPA’s proposal is the latest development in the complex series of regulatory and judicial actions initially triggered by EPA’s proposal of the CPP on June…

Natural Gas Storage Report Injection Season Week 29 (Week Ending October 19, 2018)

With injection season is winding down,  this week saw a reclassification of storage inventories for non-flow related adjustments that resulted in a bearish build of 63 Bcf. Regardless of the adjustment, this injection beat all market expectations ranging from 48 Bcf to 51 Bcf and matched last year’s injection for the same time frame, but still fell short of the five-year average of 77 Bcf. Inventories heading into winter will…

Mapping Vampire Energy: The Hidden Costs of Unused Electricity in Your Home

Garlic may ward off bloodsucking vampires, but it won’t scare off vampire energy. Vampire energy, or standby power, is the electric power that is wasted by the electronic devices plugged in but not in use. We aren’t talking about chump change, either. According to NRDC.org, Americans spend roughly $19 billion on inactive electronics or devices every year. If your phone charger is plugged in with no phone attached, or you’ve ever left…

Renewable Energy Update – October 2018

Focus Governor Brown signs key energy storage bill SOLAR INDUSTRY MAGAZINE – Oct 2 Governor Jerry Brown has signed into law S.B.700, a bill that could result in nearly 3 gigawatts of behind-the-meter energy storage systems at schools, farms, homes, nonprofits, and businesses in California by 2026, according to the California Solar and Storage Association (CALSSA). Authored by State Senator Scott Wiener, D-San Francisco, the legislation reauthorizes the Self-Generation Incentive Program for…

Natural Gas Storage Report Injection Season Week 28 (Week Ending October 12, 2018)

Storage inventories finally crossed over the 3 Tcf mark this morning as the current week’s injection of 81 Bcf fell short of the market expectation of 83 Bcf. Regardless of this build outpacing last year’s 51 Bcf injection and the five-year average of 79 Bcf for the same week, the working gas deficits continue to maintain the gains seen on the November contract month and NYMEX winter strip over the…

Currents: Energy Industry Insights October 2018

China’s Provinces are Secretly Building Coal Plants in Defiance of the National Government – “CoalSwarm, a global network of researchers tracking fossil-fuel infrastructure, analyzed satellite imagery as of July 2018, and discovered that the construction of around half of those 150 plants is still proceeding, despite the government orders.” Why this is important: While China’s central planners are trying to put the brakes on coal power plant construction, it appears…

Natural Gas Storage Report Injection Season Week 27 (Week Ending October 5, 2018)

As we enter the home stretch of injection season, this week’s build of 90 Bcf managed to surprise no one as it fell directly in line with multiple market expectations that ranged from 90 to 92 Bcf while additionally settling in a similar range against last year’s injection (87 Bcf) and the five-year average (92 Bcf). Despite the uneventful injection, NYMEX futures are holding tight to the recent gains that…

Department Of Energy Announces $30 Million For Transformational Carbon Capture Technologies

  WASHINGTON, D.C. – The U.S. Department of Energy (DOE) is announcing up to $30 million in federal funding for cost-shared research and development (R&D) under the second closing of the Office of Fossil Energy’s (FE’s) Novel and Enabling Carbon Capture Transformational Technologies funding opportunity announcement. Selected projects will support the development of solvent, sorbent, and membrane technologies to address scientific challenges and knowledge gaps associated with reducing the cost of carbon capture,…

Natural Gas Storage Report Injection Season Week 26 (Week Ending September 28, 2018)

The deficit in working storage inventories received some much needed relief as this week’s injection of 98 Bcf exceeded the market expectations that ranged from 88 Bcf to 91 Bcf. Historically, this week’s injection managed to beat both last year’s build and the five-year average, which were reported at 44 Bcf and 84 Bcf respectively. After a nearly 25 cent jump over the last three trading days of the November…