Terna, Italy's grid operator, will invest 23 billion Euros over 10 years
Terna, the state-owned power grid operator in Italy, announced on Friday that it will invest over 25 billion euros (23 billion euros) in network upgrades within the next 10 year to support the energy transition of the country. The group announced that it would increase by 10% its funds for the development of the country's power network between 2025-2034.
Spot prices rise due to lower German solar power
The European spot electricity prices for Wednesday increased on Tuesday, as the German solar power shortage was expected to be greater than gains from wind power and lower demand. German day-ahead electricity gained 1.2% at 0912 GMT to 125.75 Euros per Megawatt Hour. LSEG data shows that the French baseload rate for the day to come was up 10.4%…
Trump's tariffs against Canada could increase US electricity bills
According to grid operators and energy experts, the rising U.S. electricity prices could rise even more in certain parts of the nation if the 10% tariffs on energy imposed this week by the Trump Administration hit Canadian supplies and triggered retaliation. According to government statistics, the U.S.
FERC wants more guidance on colocated data centers
The U.S. Energy regulators directed the largest grid operator in the country to clarify how it deals with co-location. This arrangement is becoming increasingly popular for AI data centers, allowing them to be connected directly to power plants. Co-location is a faster way to get large amounts of energy…
Britain launches offshore Wind Farm Incentives Scheme
The UK launched an incentive programme for offshore wind projects on Thursday, hoping to convince developers to invest in order to achieve the ambitious goal of decarbonising its energy system by the year 2030. The Clean Industry Bonus scheme will give successful bidders an initial funding of 27 million pounds (33.5 million dollars) for each gigawatt (GW)…
Norway will now focus on floating offshore wind turbines instead of the new bottom-fixed tender
Norway said that it will not be offering acreage for the development of bottom-fixed offshore farms when it announces its next tenders. Instead, it will focus on floating wind power options. The government has previously stated that it will offer new areas along the North Sea, bordering Denmark, suitable for installing turbines on seabeds.
Dominion Energy costs for its Virginia offshore wind farms rise by 9%
Dominion Energy, a U.S. utility company, said that the estimated project costs of its Coastal Virginia off-shore wind farm had increased by about 9% on Monday to $10.7 billion because of higher network upgrade expenditures. The project, which is estimated to be 2,600 megawatts (MW), is made up of 176 turbines that can each generate 14.7 MW.
New England grid oil-fired electricity surges 10-fold during cold weather
New England's electricity grid relied heavily on oil-fired generators during a cold snap in January, with a surge of more than 10 times the previous year. New England's electric grid produces more greenhouse gases when power plants use more fuel oil. This is in contrast to times when cleaner fuels were more common.
Germany builds up LNG import terminals
Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension of Russian flows via Ukraine and U.S. President Donald Trump targeting Europe with liquefied natural gas exports.Plans also include shore-based regasification terminals…
US PJM electricity demand hits preliminary winter records during winter freeze
PJM Interconnection, a power grid operator in the United States, said on Wednesday that it had set a preliminary winter record with a peak load exceeding 145,000 megawatts. It also exported 8,000 MW due to extreme cold across the country. This record is higher than the previous one of 143.700 MW, set in February 2015. Data verification will be conducted by PJM.
Portugal imports more US and Nigerian LNG in order to stop Russian supplies
The Portuguese government plans to buy more liquefied gas (LNG), mainly from the United States, and Nigeria to replace its already diminishing Russian supplies. This was announced by Environment Minister Maria da Graca Carvalho on Tuesday. Data from the electricity and gas grid operator REN show that Portugal will import 49,141 gigawatt hours (GWh) in 2024.
French spot prices drop on mild temperatures and high winds
French prompt power prices dropped on Monday due to mild temperatures and the expectation of high German wind power output. The price of French baseload electricity for Tuesday dropped by more than 40%, to 72.25 Euros ($74.82). William Peck, Energy Aspects analyst, said that the primary reason for this is because these days were very mild.
Pennsylvania Governor complains about PJM power market rules to regulator
Pennsylvania Governor Josh Shapiro has filed a complaint against PJM Interconnection with a federal energy regulatory agency on Monday. He argues that the U.S.'s largest power grid operator, PJM Interconnection, must change their market rules to avoid escalating electricity prices. PJM Interconnection…
New York grid operator warns about undersupply by 2033
The state grid operator warned on Thursday that New York City could face power shortages in summer 2033 due to a growing electricity demand and a decreasing supply of fossil-fired generators. The New York Independent System Operator stated that the trend to shut down power plants more quickly than they can be replaced by clean…
Grid operator PJM faces a new complaint regarding power supply
Consumer advocacy group filed a complaint with PJM Interconnection. They claim that the U.S.'s largest grid operator unfairly awards record-high payments to power plants, driving up electricity prices for households and businesses. The Federal Energy Regulatory Commission received a complaint on Monday…
Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based regasification…
RTE: French power exports to reach 22-year-high in 2024 due to abundant supply
French grid operator RTE stated on Wednesday that France's power output could be at its highest level in two decades, due to the abundance of gas for the winter months and the high availability of both nuclear and gas-powered power plants. The return of the nuclear fleet to the market at the…
US Governors push back against PJM following record-high prices for power plants
Five governors urged PJM Interconnection on Tuesday to change its process for determining the price of power plants, after the auction that saw record prices. Prices in the most recent PJM auction were almost 10 times higher than last year. This was largely due to a shrinking supply of electricity and an increasing demand for electricity.
PJM wants a delay in the auction of capacity after an environmentalist's complaint
PJM Interconnection will delay its next annual auction of capacity by six months, while the largest U.S. Grid Operator addresses a complaint made by environmental groups. The biggest U.S. Grid Operator said this in a letter sent on Thursday. PJM’s latest auction, which resulted to payments to…
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host floating storage regasification (FSRU) units to receive LNG. There are also plans for shore-based terminals, as well as facilities to produce and import ammonia and hydrogen.
