Michigan regulators demand changes to DTE Energy’s long-range plan
Last July, we summarized the difference between the 2 largest Michigan utilities. Consumers was attempting to reduce costs by moving to renewables and closing high cost power plants which included legacy coal. DTE on the other hand, stayed with legacy power plants. A summary and link are below.
https://realgyenergyservices.com/consumers-vs-dte-long-term-planning-winners-and-losers/
The MPSC basically rejected DTE’s plan as inadequate in addressing Michigan law to address long term planning. DTE must now resubmit their plan to focus on reducing costs and complying with environmental policy by March 21, 2020.
Consumers’ plan on the other hand was approved.
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.michiganradio.org/post/public-service-commission-sends-much-dte-energy-plan-back-drawing-board
How New York City plans to end natural gas, oil use in buildings
New York City’s goal of carbon neutrality is set for 2050. To help get there, they have a goal to reach 100% emissions-free power by 2040 by ending fossil fuel use in large building systems. Part of the plan is to follow California’s suit of denying gas hookups in new buildings or renovations. Starting with government owned structures will allow them to set the example for the rest of the city. Since NY has vast climate differences compared to CA, natural gas usage is higher and skeptics aren’t sure it will play out the same way it did on the west coast. Alternatives are being considered to ensure they accomplish those goals but there are many cogs in the machine that we need to see work together.
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.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/how-new-york-city-plans-to-end-natural-gas-oil-use-in-buildings-57232171
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,343 Bcf as of Friday, February 14, 2020, according to EIA estimates.
This represents a net decrease of 151 Bcf from the previous week. Stocks were 613 Bcf higher than last year at this time and 200 Bcf above the five-year average of 2,143 Bcf. At 2,343 Bcf, total working gas is within the five-year historical range.
Warren Buffett Has Started The Biggest Energy Revolution
Green energy has been on the rise with governments pledging to invest and countries committing to using 100% renewable energy in the upcoming decades. In the past several years, the cost of solar has decreased drastically and has grown ten-times more efficient. For the first time, solar energy is cheaper than fossil fuels.
Warren Buffet struck a deal in September to build America’s largest solar farm. Located in the desert outside of Las Vegas, the sunshine will power the world’s largest battery and produce 6-7% of LA’s electricity needs. Costs are half of that of a natural gas power plant. Solar became 2019’s best performing exchange-traded fund and forecasts show solar stocks increasing exponentially if we continue to see progress.
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.forbes.com/sites/stephenmcbride1/2020/02/11/warren-buffett-has-started-the-biggest-energy-revolution/#38c11d204494
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,494 Bcf as of Friday, February 7, 2020, according to EIA estimates.
This represents a net decrease of 115 Bcf from the previous week. Stocks were 601 Bcf higher than last year at this time and 215 Bcf above the five-year average of 2,279 Bcf. At 2,494 Bcf, total working gas is within the five-year historical range.
Scotland Is on Track to Hit 100 Percent Renewable Energy This Year, Slàinte Mhath!
Scotland, like many countries, has been moving away from fossil fuels and replacing their energy generation with renewables. Wind is the largest power source in the nation and is continually growing. Enough energy is being created to power every resident’s home and more. Their target is to reach net-zero greenhouse gas emissions by 2045. Offsetting by planting more trees and using carbon-capture technology will allow them to emit some gases and still net-zero by their goal date. They are on the path to 100% green energy and seem to be able to do so by the end of 2020. Hosting the United Nations’ international climate talks in November this year will allow the world’s largest emitters to view firsthand the results of reaching those renewable 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://earther.gizmodo.com/scotland-is-on-track-to-hit-100-percent-renewable-energ-1841202818
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,947 Bcf as of Friday, January 17, 2020, according to EIA estimates.
This represents a net decrease of 92 Bcf from the previous week. Stocks were 554 Bcf higher than last year at this time and 251 Bcf above the five-year average of 2,696 Bcf. At 2,947 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,039 Bcf as of Friday, January 10, 2020, according to EIA estimates.
This represents a net decrease of 109 Bcf from the previous week. Stocks were 494 Bcf higher than last year at this time and 149 Bcf above the five-year average of 2,890 Bcf. At 3,039 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,148 Bcf as of Friday, January 3, 2020, according to EIA estimates.
This represents a net decrease of 44 Bcf from the previous week. Stocks were 521 Bcf higher than last year at this time and 74 Bcf above the five-year average of 3,074 Bcf. At 3,148 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,250 Bcf as of Friday, December 20, 2019, according to EIA estimates.
This represents a net decrease of 161 Bcf from the previous week. Stocks were 518 Bcf higher than last year at this time and 69 Bcf below the five-year average of 3,319 Bcf. At 3,250 Bcf, total working gas is within the five-year historical range.