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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

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Natural gas surges 14% as cold snap ahead is expected to boost demand

US natural gas futures surged 14% in early January 2022. This is on top of recent increases beginning in the fall of last year. In early October into November 2021 oil and natural gas prices surged.

Natural gas is a commodity purchased from suppliers (including utilities) at published prices. Typically, the price referenced is the NYMEX. All natural gas suppliers are impacted by the same cost increase. However, some suppliers such as utilities can delay the impact due to their regulatory price recovery. This can be understood when utilities do not share storage with their third-party suppliers. Natural gas in storage will not increase when the market price does. Those utilities can appear to have a lower price when in fact they just bought the gas during the summer and stored it. Michigan utilities operate like this; they do not provide their customer choosing a gas supplier with their share of storage volume. Therefore, the energy suppliers in Michigan cannot readily offer storage to their customer. Illinois utilities share their storage volumes equally between choice and tariff customers. Therefore, Illinois customer choice customers have nearly 20% of their winter gas purchased during the summer. Realgy calls this our Storage Program see Storage – Realgy Energy Services.

Natural gas pricing was not expected to rise significantly. However, Covid, weather, and consumer behaviors changed that forecast.

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. Currently we are in construction of our 8th project with the park district of Highland Park.

Additional Information:

How Will the Natural Gas Shortage Impact Fuel Dealers and Homeowners? – OILMAN Magazine

Natural gas surges 14% as cold snap ahead is expected to boost demand (cnbc.com)

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Realgy Wins Award For 2020 Lowest Residential Electricity Rate in Illinois

PRESS RELEASE

Realgy Wins Award For 2020 Lowest Residential Electricity Rate in Illinois

11 NOVEMBER 2021 | BY: REALGY, LLC

 

Energy research group Find Energy highlights outstanding electricity companies throughout the country. They recently announced Realgy Energy Services won the coveted award for Lowest Residential Rate in Illinois for 2020.

Data compiled found Realgy’s average residential rate was more than 35% below the national average. Find Energy also reported Realgy’s residential customer bills are about 22% lower than the US average.

President Michael Vrtis says, “This is a testament to our operations team’s commitment to uphold competitive prices and our customer care team’s dedication to providing top service. We appreciate our community and their continued business allowing us to best serve the state of Illinois.”

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://findenergy.com/providers/realgy-energy-services/

 

 

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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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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)

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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/

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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

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 1,784 Bcf as of Friday, April 2, 2021, according to EIA estimates.

This represents a net increase of 20 Bcf from the previous week. Stocks were 235 Bcf less than last year at this time and 24 Bcf below the five-year average of 1,808 Bcf. At 1,784 Bcf, total working gas is within the five-year historical range.

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