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How the House Tax Bill Would Impact Wind, Solar, Electric Vehicles and Utilities

Will Congress' attempt at tax reform spell danger for clean energy?

Long term planning is what all businesses and countries seek right?

The U.S. passed laws to encourage the investment in renewable energy technology and innovation. Since then, companies, states and municipalities have invested $BILLIONs to achieve commercially available energy products, sustainable energy and reduced pollution/greenhouse gases. Renewable energy has been a top job producer.

The House Republicans and Senate have unveiled tax reform bills that would undermine this planning and progress.  Proposed reforms would include:

  1. Curtail wind construction
  2. Stop long term investment in solar development
  3. Stop investment in electric vehicles

These 3 items represent the majority of jobs created in the electric energy industry over the last 8 years.

One addition was incentive for small wind turbines, fuel cells and geothermal. This is a good plan as none of these technologies are currently commercially viable. That will take a long-term plan. While the Republican tax reform gets finalized, look at what is done to the engines of job growth in the energy industry and for those that carry out long term planning.

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.

Additional Information:

https://www.greentechmedia.com/articles/read/house-tax-bill-impact-on-wind-solar-electric-cars#disqus_thread

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 3,710 Bcf as of Friday, October 20, 2017, according to EIA estimates

This represents a net increase of 64 Bcf from the previous week. Stocks were 189 Bcf less than last year at this time and 46 Bcf below the five-year average of 3,756 Bcf. At 3,710 Bcf, total working gas is within the five-year historical range.

 

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ComEd community solar tariff approved by Illinois regulator

The ICC approved ComEd’s solar tariff application. A solar customer can subscribe to a minimum and a maximum of the output of a single community solar installation. Various concerns were discussed about the pricing and exclusion of transmission charges. However, the ICC sided with ComEd. There is a possibility for adjustments but it is uncertain how intervenors will move forward. The tariff is another step in furthering the efforts of the Future Energy Jobs Act.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.

Additional Information:

https://pv-magazine-usa.com/2017/10/09/comed-community-solar-tariff-approved-by-illinois-regulator/

 

 

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Electric cars will wipe out oil demand equal to Iran’s output by 2025, Barclays says

A Tesla Model S vehicle being charged.

Due to the growing demand for electric vehicles (sales rose 40% last year), oil consumption could drastically decrease over the next 20 years. Various markets have proposed banning or curbing vehicles that burn fossil fuels and more are considering the same. Barclays analysts project that by 2025, 3.5 million barrels a day of oil demand could be wiped out. To compare, Iran is the 3rd largest OPEC producer and pumps a total 3.8 million barrels a day. The projections only increase as time goes on. However, there are still hesitations to electric vehicles especially with consistently low gasoline prices encouraging larger vehicle purchases.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.

Additional Information:

https://www.cnbc.com/2017/10/05/electric-cars-could-cut-oil-demand-roughly-equal-to-irans-output.html

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Another Nebraska family installs solar panels in path of Keystone XL pipeline

solar panels

The Keystone XL oil pipeline path would be from Canada through several states, threatening the health and businesses of many Americans. Landowners have been fighting the proposal, some by installing solar panels in the path of the pipeline. This resistance to the expansion of fossil fuel usage shows the need to focus on creating more renewable energy systems.  They continue to urge the commissioners to deny this project a permit.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.

Additional Information:

http://www.wisconsingazette.com/news/another-nebraska-family-installs-solar-panels-in-path-of-keystone/article_24c00750-9ed2-11e7-ae4f-dff624ea7575.html

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 3,408 Bcf as of Friday, September 15, 2017, according to EIA estimates.

This represents a net increase of 97 Bcf from the previous week. Stocks were 136 Bcf less than last year at this time and 67 Bcf above the five-year average of 3,341 Bcf. At 3,408 Bcf, total working gas is within the five-year historical range.

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Electric Forecast

Total U.S. electricity generation from utility-scale power plants averaged 11,145 gigawatthours per day in 2016. Forecast U.S. generation declines by 1.2% in 2017, which mostly reflects expectations of milder temperatures in the third quarter of 2017 compared with the same period last year. Forecast generation grows by 1.8% in 2018 based largely on a forecast of colder temperatures during the first quarter of 2018 compared with the same period in 2017 and on the expectation of a growing economy.

EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from an average of 34% in 2016 to about 31% in 2017 as a result of higher natural gas prices, increased generation from renewables and coal, and lower electricity demand. Coal’s forecast generation share rises from 30% last year to almost 32% in 2017. The projected generation shares for natural gas and coal are nearly identical in 2018, averaging between 31% and 32%.

Wind electricity generating capacity at the end of 2016 was 81 gigawatts (GW). EIA expects wind capacity additions in the forecast will bring total wind capacity to 88 GW by the end of 2017 and to 102 GW by the end of 2018.

Total utility-scale solar electricity generating capacity at the end of 2016 was 22 GW. EIA expects solar capacity additions in the forecast will bring total utility-scale solar capacity to 29 GW by the end of 2017 and to 32 GW by the end of 2018.

 

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Natural Gas Forecast

U.S. dry natural gas production is forecast to average 73.5 billion cubic feet per day (Bcf/d) in 2017, a 1.2 Bcf/d increase from the 2016 level. Natural gas production in 2018 is forecast to be 3.9 Bcf/d above the 2017 level.

In July, the average Henry Hub natural gas spot price was $2.98 per million British thermal units (MMBtu), about the same as in June. Higher natural gas exports and growing domestic natural gas consumption in 2018 contribute to the forecast Henry Hub natural gas spot price rising from an annual average of $3.06/MMBtu in 2017 to $3.29/MMBtu in 2018. NYMEX contract values for December 2017 delivery that traded during the five-day period ending August 3 suggest that a range of $2.17/MMBtu to $4.48/MMBtu encompasses the market expectation for December Henry Hub natural gas prices at the 95% confidence level.

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Energy Department Invests Up to $50 Million to Improve the Resilience and Security of the Nation’s Critical Energy Infrastructure

DOE

Hurricane season has hit hard this year. Many continue to be impacted by the destructive storms with a lack of power being a huge setback. The Department of Energy (DOE) has decided to award National Laboratories to improve the Nation’s critical energy infrastructure for electricity, oil, and natural gas. The ability to withstand and recover quickly from energy interruptions needs to be a priority for the DOE. The awards are up to $50 million and will help shape the future of the Nation’s grid to ensure resilience and security.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, 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.

Additional Information:
https://www.energy.gov/articles/energy-department-invests-50-million-improve-resilience-and-security-nation-s-critical

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Sun shines on ‘green rate,’ solar project

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Traverse City put their money where they live!

The city will pay an extra 0.2 cents per kilowatt-hour for all municipal operations. That amount represents the difference between the cost of the solar array’s energy and the utility’s avoided cost in buying it. TCL&P will adjust the surcharge every year of the 20-year, fixed contract, and the surcharge could become a credit if prices for power on the open market rise.

Realgy applauds the City’s goal to power all government operation with renewable energy by 2020.

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.

Additional Information:

http://www.record-eagle.com/news/local_news/sun-shines-on-green-rate-solar-project/article_b22d81b6-073a-5be1-b52b-40c2509786f0.html

 

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