DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,857 Bcf as of Friday, August 23, 2019, according to EIA estimates. This represents a net increase of 60 Bcf from the previous week.
Stocks were 363 Bcf higher than last year at this time and 100 Bcf below the five-year average of 2,957 Bcf. At 2,857 Bcf, total working gas is within the five-year historical range.
After months of contentious debate, Ohio nuclear bailout bill becomes law
The State of Ohio passed a bill to pay a nuclear power plant $150 million/year to keep operating. It was immediately signed by the Governor.
Yes, you read that right.
A new tax, $0.85/month on all residential customers from 2021 – 2027 is expected to generate $170 million/year.
In addition, this new law will drop the renewable requirements for utilities from 12.5% to 8.5% by 2026. But, after 2026 there is no further requirement. Yep- back to free markets.
This action is in sharp contrast to surrounding states that increased the renewable requirements for energy delivered to their residents.
Ohio chose to bail out a failing power plant at the expense of its future in renewable power.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.dispatch.com/business/20190723/after-months-of-contentious-debate-ohio-nuclear-bailout-bill-becomes-law
A cyber-attack just disrupted grid operations in the U.S. But it could have been far worse.
I have experienced it, perhaps you have…your computer screen goes blank and it instructs you to call a number to get your data back.
Now imagine it on the electric grid.
A “disruption” or hack of the US grid occurred and was attributed to a basic web hack; bombarding a website with clicks. Unlike overseas, this disruption did not cause anyone to lose power… yet. Everyday the US consumes several trillion dollars worth of electricity. Any disruption would be consequential.
The federal government must stay engaged in maintaining world standards of business conduct . Utilities can and do take steps to safeguard the grid. However, unlike concluding a foreign government attempted to influence our elections, a foreign government causing a power outage would undoubtedly be an act of war.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,797 Bcf as of Friday, August 16, 2019, according to EIA estimates.
This represents a net increase of 59 Bcf from the previous week. Stocks were 369 Bcf higher than last year at this time and 103 Bcf below the five-year average of 2,900 Bcf. At 2,797 Bcf, total working gas is within the five-year historical range.
Love Michigan Clean Energy Plan
Consumers Energy unveiled a “Love Michigan” tour to introduce their Clean Energy Plan. Their focus is on meeting the state’s electricity demands with 90% clean energy resources by 2040 while reducing carbon emissions and eliminating coal. They will be encouraging every resident and business to participate in various programs designed to save energy and money. Optimization of new technologies geared towards these goals will be put in place to rely more on renewable energy sources such as wind and solar.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.mlive.com/news/2019/08/clean-energy-plan-is-consumers-energys-commitment-to-people-planet-prosperity.html
More renewable energy options available under Duke Energy’s Green Source Advantage
Duke Energy has expanded renewable energy choices for their large energy users. Through the Green Source Advantage (GSA) program, customers can choose their renewable supplier and negotiate preferred price terms and contract length. They will take applicants until the 600 MW capacity is fully subscribed. Partial capacity is set aside for military installations and University of North Carolina institutions. Duke has been investing in renewable energy and increasing solar energy awareness for all customers “to create a smarter energy future for the people and communities it serves”.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. 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.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://finance.yahoo.com/news/more-renewable-energy-options-available-122900991.html