DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,857 Bcf as of Friday, August 23, 2019, according to EIA estimates. This represents a net increase of 60 Bcf from the previous week.
Stocks were 363 Bcf higher than last year at this time and 100 Bcf below the five-year average of 2,957 Bcf. At 2,857 Bcf, total working gas is within the five-year historical range.
After months of contentious debate, Ohio nuclear bailout bill becomes law
The State of Ohio passed a bill to pay a nuclear power plant $150 million/year to keep operating. It was immediately signed by the Governor.
Yes, you read that right.
A new tax, $0.85/month on all residential customers from 2021 – 2027 is expected to generate $170 million/year.
In addition, this new law will drop the renewable requirements for utilities from 12.5% to 8.5% by 2026. But, after 2026 there is no further requirement. Yep- back to free markets.
This action is in sharp contrast to surrounding states that increased the renewable requirements for energy delivered to their residents.
Ohio chose to bail out a failing power plant at the expense of its future in renewable power.
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.dispatch.com/business/20190723/after-months-of-contentious-debate-ohio-nuclear-bailout-bill-becomes-law
A cyber-attack just disrupted grid operations in the U.S. But it could have been far worse.
I have experienced it, perhaps you have…your computer screen goes blank and it instructs you to call a number to get your data back.
Now imagine it on the electric grid.
A “disruption” or hack of the US grid occurred and was attributed to a basic web hack; bombarding a website with clicks. Unlike overseas, this disruption did not cause anyone to lose power… yet. Everyday the US consumes several trillion dollars worth of electricity. Any disruption would be consequential.
The federal government must stay engaged in maintaining world standards of business conduct . Utilities can and do take steps to safeguard the grid. However, unlike concluding a foreign government attempted to influence our elections, a foreign government causing a power outage would undoubtedly be an act of war.
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.
More renewable energy options available under Duke Energy’s Green Source Advantage
Duke Energy has expanded renewable energy choices for their large energy users. Through the Green Source Advantage (GSA) program, customers can choose their renewable supplier and negotiate preferred price terms and contract length. They will take applicants until the 600 MW capacity is fully subscribed. Partial capacity is set aside for military installations and University of North Carolina institutions. Duke has been investing in renewable energy and increasing solar energy awareness for all customers “to create a smarter energy future for the people and communities it serves”.
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://finance.yahoo.com/news/more-renewable-energy-options-available-122900991.html
10 ways to cut utility bills and conserve energy during the hot summer
Summer 2019 brought us the hottest month ever recorded and higher than average temperatures are predicted through September. With the way July played out, we want to remind you of some tips to lower your energy bills and help the environment.
Regulating thermostats and keeping your home comfortable means ensuring doors and windows are tightly sealed. Use a ceiling fan while in occupied rooms and together they will keep you cool while reducing annual costs.
Cool down the house by using less electricity and heated water. Unplugging devices when not in use and limiting appliances that generate heat really makes a difference. Try colder meals or grilling out instead of using the oven. Use cooler water for laundry and take lukewarm showers. These aren’t just for lowering your bills and helping the earth- there are health benefits to these concepts for you as well.
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.mercurynews.com/2019/08/13/10-ways-to-cut-utility-bills-and-conserve-energy-during-the-hot-summer/
The Worst Is Still To Come In Energy Markets
August hasn’t been a great month for the stock market this year. However, energy stocks are taking the largest hit and are the only sector currently in a bearish state. Due to the U.S. – China trade war, crude oil prices lowered and the domino effect into the energy industry is projected to worsen. With the sector trending downward, Ari Wald from Oppenheimer recommended to CNBC to “stay away from energy”.
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://finance.yahoo.com/news/worst-still-come-energy-markets-230000716.html
Choose your own electric company in Arizona?
Arizona has been discussing energy deregulation to decide if they will allow customers to choose where their energy supply comes from. The utilities currently monopolize the state and consumers must use the utility they are assigned. Through competition, the prices would be driven down and improvements in dependability and customer service would occur.
Commissioner Justin Olson states, “Data shows that since 2008, there has been a significant decrease in rates in the 14 states that have competition compared to a significant increase in rates to states that still prohibit competition in the energy sector.”
Another option would be partial competition in which only businesses or aggregates would be able to shop around for their energy. It is unclear when a vote will take place. Until more questions are asked and answered, Arizona will remain regulated by the state.
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.azcentral.com/story/money/business/energy/2019/08/06/arizona-energy-deregulation-rules-corporation-commission-aps-tuscon-electric-srp/1871816001/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,634 Bcf as of Friday, July 26, 2019, according to EIA estimates.
This represents a net increase of 65 Bcf from the previous week. Stocks were 334 Bcf higher than last year at this time and 123 Bcf below the five-year average of 2,757 Bcf. At 2,634 Bcf, total working gas is within the five-year historical range.
Water breakthrough: Device uses solar power to produce clean water – and electricity
Obtaining fresh drinking water is not easy for certain areas of the world. There has been constant research regarding various projects to convert non-drinkable water into something potable. Peng Wang of King Abdullah University and his team released their discoveries on the topic this week. The technology they use “recycles waste heat from photovoltaic (PV) solar panels using a multi-stage membrane distillation system to produce clean, drinkable water.” The idea is to be as useful as possible for those with limited access to fresh water such as in Africa and Asia. The benefits from the PV system alongside the yielding of water speak for themselves. However, looking at the bigger picture, it has potential to be used wherever there is a need for clean water- to irrigate plants, to clean, or even to colonize another planet.
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.express.co.uk/news/science/1151632/water-solar-power-electricity-saudi-arabia-fossil-fuel-spacex-elon-musk-mars
Transforming Energy Education In The Digital Age
Advancements within technology have allowed the furthering of knowledge across nearly all topics. However, it is believed that we can greatly increase learning around the energy industry. Data sharing could grow efficiency, improve safety, decrease educational costs and enable many benefits across the board. Starting with our academic system, we can provide education and train students to lead to more opportunities and developments. The potential to affect various sectors of the industry is large and we need to focus on bettering all involved in its entirety.
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: