Innovation is key to making clean energy more attractive
So, if current energy usage cannot continue without making Earth uninhabitable, what should we do?
How about offering $1,000,000,000,000 (one billion dollars) to find alternative energy sources.
Some of the wealthy people on earth (Bill Gates, Jack Ma and Jeff Bezos) have contributed to a fund to help develop alternative energy technology. For instance, the price of solar energy has decreased by over 500% in the last 5 years. So much so, that it is nearly economic with fossil fuel.
However, if you question whether climate change is occurring consider this insurance. Reducing emissions will improve the environment and perhaps it will cost no more than what we currently do.
The power of economic incentive providing the means for inventive people to improve lives and perhaps sustain life on earth. Win –Win.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
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Energy bills head to lame-duck showdown; House Republicans, biz groups split
A Michigan energy bill.
This has been the stuff of legend. Like seeing the Abominable Snowman!
So the energy bill passed the senate with bi-partisan approval and is before the House; which is seeing an army of lobbyist. It includes:
1. Increase in renewable support from 15 to 21% (not that big a change)
2. Lifted caps on energy efficiency spending by utilities (think higher rates)
3. Eliminates competition amongst wholesale electric energy suppliers (think utility monopoly is only choice). Currently only 10% of residents can get pricing direct from wholesale suppliers. They want to eliminate even this.
The utilities want these changes, most public advocates and companies and business groups DO NOT.
Which side do you think represents your interests?
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM
Additional Information: https://mibiz.com/item/24225-energy-bills-head-to-lame-duck-showdown-house-republicans,-biz-groups-split
Key compromises reached on Illinois energy bill, advocates say
Illinois compromise…..for a state that hasn’t passed a budget in nearly 2 years, those are startling words.
So what has been compromised?
- Exelon will get a paid a subsidy to keep open 2 nuclear power plants they have threaten to close
- Solar will retain a net-metering
- Residential customers will not have to face a demand charge
- Energy efficiency targets improve
So who wins? Perhaps Illinois rate payers and residents.
A compromise is never one sided and this shows that each side can claim victory without getting everything they wanted.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
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Public Power: An Industry in Flux
The power industry has been adjusting to the abundance of natural gas (from fracking) and its impact on the power industry cannot be understated. Nearly every major new stationary power plant built in the last 8 years has been powered by natural gas. And, during this same period we have had wind and solar power competing and winning. Wind and solar allow an investment to be made and for 20 years generate electricity with little maintenance and no emissions.
The combination of inexpensive natural gas and greater efficiency of solar and wind is changing power companies.
Consider Nebraska: the only state that gets 100% of its power from publicly owned power companies (the state residents own the power plants).
They closed one of their nuclear power plants citing that it is not competitive with low gas prices and regulatory costs. The replacement power is expected to be …1,200MW of wind!
That is extraordinary given that Nebraska is next door to one of the least expensive coal production in the US in Wyoming.
However, the wind resource in Nebraska combined with the wind technology will continue to offer alternatives to coal, nuclear and gas.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
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DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,963 Bcf as of Friday, October 28, 2016, according to EIA estimates. This represents a net increase of 54 Bcf from the previous week. Stocks were 48 Bcf higher than last year at this time and 173 Bcf above the five-year average of 3,790 Bcf. At 3,963 Bcf, total working gas is above the five-year historical range.
Estimated 57 Bcf
Vs
Actual 54 Bcf
US gas storage levels look all but guaranteed to set a record high in the coming weeks as Henry Hub prompt-month futures and spot prices plummeted over the past week while the market awaits winter demand. The US Energy Information Administration will estimate a 57-Bcf injection to natural gas in underground storage for the reporting week that ended October 28, according to a consensus of analysts surveyed by Platts. Analysts’ estimates in the survey ranged for an injection of 53 Bcf to 60 Bcf. The EIA plans to release its weekly storage report at 10:30 am EDT Thursday. A 57-Bcf build would be close to the 58-Bcf build reported at this time in 2015 and less than the five-year average injection, which is 63 Bcf, according to EIA data. It would be the 26th consecutive weekly build registering below the five-year average. An injection within analysts’ expectations of 57 Bcf would grow stocks to 3.966 Tcf, only 43 Bcf less than the all-time storage peak of 4.009 Tcf set late last November
What if all Nuclear power plants all close?
Nuclear power was viewed as a miracle when it appeared some 50 years ago. Vast electrical power generation without any emission. It quickly gained about 25% of the electrical energy production in the US. Until that time, coal made up 80% and hydro 20%; all other sources contributed less than 1%.
What changed in 50 years; in a word…. “Energy Diversity”. Consider where the US electrical energy sources come from today:
- Coal provides about 37%
- Natural gas about 30%
- Nuclear 19%
- Hydro 7%
- Wind 4%
- Solar 2%
- Wood and other 1%
(EIA.gov)
Diversity of power sources ensures no single economic change affects all sources; thereby prevent major economic disruptions. Each energy sources has emissions, jobs and technical issues related to its produced energy. Therefore, each needs to be evaluated and consideration to its full contributions considered.
Eliminating any one source of generation will affect all the other sources and make the US more dependent on less resources.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM and Index, Fixed pricing.
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