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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

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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/

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Michigan Launches Inquest into Power Outages

Last week’s Michigan storms left over 1 million customers without power. Many were in the dark for over a week. Damage assessment and restoration are a priority as is planning and preparation for these disasters. Residents want to see improvement in all areas and the MPSC states “… we have more work to do, and we have to do it faster.”

Concerns aren’t limited to the Midwest and are voiced across the country since the increase in frequent, intense storms are apparent. We can’t rely solely on historical data to prepare for the ever-changing weather. The MPSC is pushing utilities to be more transparent around their efforts while encouraging customers to discuss impacts of outages, especially those that are more at risk.

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://thesuntimesnews.com/g/chelsea-mi/n/39406/state-launches-inquest-power-outages

 

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Brutal Cold grips central United States

Temperatures have dropped more than 40° below the average.

Power costs have soared from $4 / MWh to over $600 / MWh.

Most of the news we are seeing is coming from Texas for several reasons:

  1. Well, it is really cold; well below freezing for nearly 5 days.
  2. Texas is a power island. They have no connections outside of Texas so, other states cannot supply power for them.
  3. Texas’ energy infrastructure is not built for freezing temperatures. This results in water main breaks, gas pipes freezing, and power equipment not operating properly.

Outside of Texas the Polar Vortex will have economic impact but, electricity and gas are generally staying on.

If your power or heat is interrupted, CALL your local utility.

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.nytimes.com/interactive/2021/02/16/us/winter-storm-texas-power-outage-map.html?action=click&module=Spotlight&pgtype=Homepage

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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

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One company’s grand plan to help suppliers club together to buy green energy

What do long-term global or local businesses do when they see a problem? They solve it.

Climate change impacts lives today and is forecasted to accelerate its negative impact through increased storms, draught, fire, and hurricanes. Using the tools and abilities within their disposal, governments and businesses have responded to face this challenge.

Governments around the world agreed collectively to reduce emissions; see the Paris Agreement. The goal is for each country to reduce its emissions over 50 years.

Businesses are moving to reduce their carbon emissions by committing to renewable energy. A large company example is Walmart. In 2005, Hurricane Katrina devastated New Orleans and Walmart committed to sustainable energy. Fast forward to 2020, that commitment has translated to reduced waste and 29% of its electricity coming from renewables. Walmart’s aim is to use its initiative to create an alliance of companies that commit to renewable energy regardless of size called the Renewable Energy Buyers Alliance.

Seeing a problem and addressing it provides for opportunities. Walmart is reducing costs to operate its business while reducing waste and greenhouse gases that contribute to global warming. Win-Win-Win.

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/2020/10/23/walmart-wants-suppliers-to-buy-renewable-energy-collectively.html

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Solarize Chicagoland group-buy program bears fruit even in rough times

Environmental benefits and lower energy bills are a main draw for solar customers. Solarize Chicagoland’s participants reap those pros and then some. For those that find researching options and requirements to be laborious, this group-buy program might just gain your attention. They have support through each step of the solar installation process and their developer is accounted for. Windfree Solar was approved by the Midwest Renewable Energy Association and partners. Plus, with more customers partaking, there’s an increase in savings and extra rebates through federal and state incentive programs. Helping the environment, increasing home value, decreasing monthly costs, and benefiting the community are valued aspects of the Solarize Chicagoland program.

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://energynews.us/2020/07/29/midwest/solarize-chicagoland-group-buy-program-bears-fruit-even-in-rough-times/

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Upgrades to make your home more energy-efficient

Summer 2020 is here. With the warmer weather and current events, many will see a spike in electric bills. We’ve provided tips before on how to lower your energy usage here: https://realgyenergyservices.com/fast-ways-to-cut-your-home-energy-bills/.

However, if you find yourself looking to increase those savings, you may want to invest in some changes to make your home or business more energy-efficient. Take a look at these suggestions: https://www.washingtonpost.com/business/2020/06/25/upgrades-make-your-home-more-energy-efficient/

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.

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Amazon pledges $2 billion fund to invest in clean energy

Jeff Bezos, Amazon’s founder has constantly made rounds in the media for years. His recent projection of becoming the world’s first trillionaire created an uproar. However, the conglomerate has just promised to invest $2 billion towards green energy. Due to their large extent of worldwide business, their footprint has a significant environmental impact protested by many activists. Focusing on zero carbon, sustainable development, and a better future, Amazon has pledged to be net carbon neutral by 2040. Let’s see if any other retail giants follow suit in the next few years.

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.nbcnews.com/tech/tech-news/amazon-pledges-2-billion-fund-invest-clean-energy-n1231854

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Renewable energy has now produced more electricity in the U.S. than coal for 40 days straight

Add another first stemming from this COVID-19 period: renewable energy surpasses coal in electric supply.

As demand for energy dropped off, utilities had to shut down power plants because they needed less power. The first to shut down are the most expensive. Coal is more expensive than solar, wind, and hydro-generated electricity.

Overall, energy demand is expected to fall at least 3% in 2020. Investments in new power generation are dominated by renewable energy sources due to their cost benefits. As renewable energy continues to grow, coal-generated electricity could fall by more than 20%. Renewable energy does not contribute to climate change as coal fired energy production does.

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.cbsnews.com/news/coronavirus-lockdowns-renewable-energy-overtakes-coal-record-40-days/

 

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