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Michigan’s stride to clean energy?
Michigan has over 10 utilities and each must submit to the MPSC their plan to reduce emissions.
Governor Whitmer will be issuing an executive order on Climate Solutions within the next months.
Consumers Energy is proposing to phase out all its coal plants by 2025, which is good. However, it further proposes to acquire and build new gas plants; less good.
DTE Energy will be filing their plan later in 2022.
Crafting energy policy is very delicate as it requires ramping up investment in alternatives while continuing to meet present energy needs.
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: What’s next for Michigan’s stride to clean energy? – Energy News Network
Sharp surge in energy prices threatens economic recovery and is already slowing growth
We’ve seen countless material costs increase throughout the pandemic including skyrocketing fossil fuel rates. Consumers are wondering how long prices will continue to rise especially in the northern US with winter fast approaching.
The lack of resources coupled with higher costs are affecting global supply chains. Oil and coal are making up for the lack of natural gas and wind power supplies but are also showing rising prices compared to last year.
The probability of a recession increases when energy prices are steadily moving towards a higher percentage of GDP. Global effects on supply chains also impact numbers and priorities for spending. How Americans choose to spend their money is forecasted to be different than past years. Where they cut back on costs will affect not just the industry but overall economic growth. Economists believe we don’t need to worry about a recession at this point but are concerned with how badly it can cause growth to be affected negatively.
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.cnbc.com/2021/10/12/sharp-surge-in-energy-prices-threatens-economic-recovery-and-is-already-slowing-growth.html
Europe’s Energy Crisis Worsens As Wind Stops Blowing
Energy prices have skyrocketed throughout Europe. The reopening of EU economies increased gas demand and resulted in a natural gas shortage. On top of that, lower wind power generation from unexpectedly mild weather caused the normal output of 24 GW to be less than 1 GW over several days. Coal plants had to be restarted to create enough electricity. The record high prices and low supply are a large concern especially with winter approaching.
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://oilprice.com/Latest-Energy-News/World-News/Europes-Energy-Crisis-Worsens-As-Wind-Stops-Blowing.html
With energy bill in limbo, Ill. braces for nuclear closure
The shutdown of some of the USA’s largest coal plants in Illinois, Byron and Prairie State has been the subject of scrutiny. The discussion on the future of power plants surrounds a recently passed energy and climate bill.
Many supporting the legislation want the state to buckle down on ending fossil fuel usage by 2045. However, the bill didn’t include specifics on lessening emissions for electric generation until then. Amendments are underway regarding requirements of plants to reduce emissions by 2035 to transition toward the 2045 goal. Illinois’ Clean Jobs Coalition and Governor Pritzker support these revisions but, challenges lie in the finances and logistics.
Clean Jobs Illinois questions how to ensure jobs aren’t lost from closures and redirection into renewable energy positions. While the state has pledged to preserve jobs and decrease emissions, studies show phasing out locations would cause other plants to make up for lost production bringing about additional emissions. They also claim Illinois will not see renewable energy developments for years unless there is legislative action.
Advocates state we don’t have time to allow these plants to run for even 5 more years let alone the suggested 25 years. However, incentive funding from the Future Energy Jobs Act has already been depleted and new projects are down 90% compared to the last year. This bill needs to see both sides come to a compromise to reach our energy goals.
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.eenews.net/articles/with-energy-bill-in-limbo-ill-braces-for-nuclear-closure/
Vistra Accelerates Closure of Ohio Coal Plant
VISTRA Energy will accelerate the retirement of their 1,200 MW (enough power to provide energy to 1,400 homes) plant on or before May 2022.
What will replace it? Solar or wind energy with battery storage.
The reason? Money. The price of power that VISTRA could receive has declined by over 50%.
Only renewable energy is economical enough to generate power at the expected energy rates.
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: Vistra Accelerates Closure of Ohio Coal Plant to Mid-2022, Years Earlier Than Planned – Jul 19, 2021 (vistracorp.com)
Illinois Shines
With the rise of solar usage, incentives are more available now and many are implemented through state programs. Illinois Shines was created by the Illinois Power Agency (IPA) to support developments for distributed solar generation and community solar. Monitored in accordance with the Future Energy Jobs Act, the IPA purchases Renewable Energy Credits (RECs) from community solar projects and sets costs through the Adjustable Block Program known as Illinois Shines.
Community solar benefits areas that cannot install rooftop arrays due to limited space, high costs, and issues with zoning laws. Illinois Shines increases solar access for residents that may not easily receive green energy while also providing information and inspections for vendors to become approved.
Illinois Shines’ evaluation of Realgy Energy Service’s solar arrays at Ridgeland Recreation Complex recently concluded. They state Realgy’s project is in compliance with program guidelines. We are proud to serve the Illinois community and help the state meet its renewable energy goals.
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://illinoisshines.com/
US Approves 1st Major Offshore Wind Energy Project
The United States joined the rest of the world and issued final permits allowing for the development of large-scale offshore wind projects.
Large scale: 62 turbines standing 90 stories above the water with underground cables bringing electricity onshore to 400,000 homes. The turbines will be located about a mile off the coast of Massachusetts.
Wind power is the least costly energy power to build and the new turbines from General Electric are the largest available.
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.npr.org/2021/05/11/995852356/biden-administration-approves-first-major-offshore-wind-energy-project
A solar panel in space is collecting energy that could one day be beamed to anywhere on Earth
Launched in May 2020, a panel attached to an unmanned drone has been looping Earth to harness the sun’s light to convert to electricity. Technology to focus power directly back to Earth has already been studied and proven possible. This prototype could, once scaled up, revolutionize energy generation and distribution around the world. Experimental results point to this being a feasible option to receive energy in the future. Funded by the Pentagon, costs are always of a concern but prices to create the panels have been decreasing. The amount of people this could help in remote areas or during natural disasters is a large incentive to backing this project.
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.cnn.com/2021/02/23/americas/space-solar-energy-pentagon-science-scn-intl/index.html
How Extreme Cold Turned Into a U.S. Energy Crisis
Over the past several days, extraordinary cold weather in the US from a polar vortex caused record temperatures across the country. Electricity and heating fuel costs skyrocketed while energy demand hit record levels. Millions of customers dealt with blackouts for the first time in a decade. Gas lines seized, wind turbines froze, and oil wells shut in. Across the grid in Texas, all energy sources had problems with some reasons still unknown. Texas’s emergency state will allow for more resources to become available and ensure residences, medical facilities, and related consumers are the priority to receive fuel first. The energy market in Texas is one of the most competitive in the US and power providers have to be prepared for extreme events such as this one. If not, they are set up for failure. Texas and Washington policy makers may need to review their system and make some changes to ensure a similar crisis is prevented or handled better.
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.bloomberg.com/news/articles/2021-02-15/how-extreme-cold-turned-into-a-u-s-energy-crisis-quicktake