More wind, solar and storage could add up to savings for Midwesterners
Do you want to pay less for energy used to run all your electronics? What’s keeping costs high? Would you believe it’s the use of coal, oil and natural gas?
In the Midwest and Great Lakes area, the cost of electricity could decrease by over $48/year for the average residential customer. How? By eliminating the way electricity is priced at the wholesale level.
When oil, coal and nuclear energy were the primary fuel sources, payments for energy were based on the ability to deliver energy quickly. This meant the large fossil fuel plants had to be kept in a ready-to-generate mode.
Today’s wind and solar energy are kept in a ready state without any fuel costs. So, transferring to wind and solar while not paying fossil fuel plants to stay ready would result in large and sustainable cost reductions.
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.renewableenergyworld.com/2019/10/02/report-more-wind-solar-and-storage-could-add-up-to-savings-for-midwesterners/#gref
The next target in the climate-change debate: your gas stove
History was made when Berkeley, CA banned natural gas systems in new buildings. Now multiple cities cross-country are following suit. The strategy is to move towards a greener energy solution through the electric grid. Renewable energy is increasingly powering the grid with many states planning to become fully reliant on green energy by 2050.
However, opposers say increased usage of gas cuts carbon emissions since it burns cleaner than oil or coal. Improved technologies also limit emissions showing a recent decline in those numbers. Other disputes of the proposal include that many business models would be upended, completely halted or suffer large losses. Either way you look at it, the hope is to improve the environment with the least casualties along the way.
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.reuters.com/article/us-usa-naturalgas-buildings/the-next-target-in-the-climate-change-debate-your-gas-stove-idUSKCN1VU18Q
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
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
Huge victory for the Arctic!
The oil drilling ban protecting the Arctic Ocean was brought to court in an attempt to be overthrown. However, Earthjustice fought for it to be restored. Their goal to preserve the wild is a constant battle and unfortunately not everyone believes in the importance of defending it. Efforts to prevent environmental destruction benefit the entire planet and our ecological systems. The fight continues with the hope to preserve various areas including the Western Arctic and all inhabitants.
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://earthjustice.org/features/photo-essay-arctic?utm_source=crm&utm_medium=email&utm_term=info&utm_campaign=190402_Info_Arctic&utm_content=ResponsiveImageLink
Where are the world’s BILLIONAIRES investing?
Three of the richest people on the planet (Bill Gates, Jeff Bezos, Jack Ma) along with other investors are pouring billions into clean-tech energy ventures.
As retirements of existing coal plants continue and funding for gas-fired energy declines, breakthrough technologies that will power the next energy revolution are being built.
Investment in all sorts of energy technology is rapidly advancing and investors are devoting billions to further advancements.
Consider the following:
- Investment in coal and gas-fired power generation has experienced a second year of declines.
- Renewable energy will surpass coal-based energy by 2030.
- More money has been invested in energy transmission and storage technology in the last 5 years than was invested in the previous 30 years.
The current pattern is following the history of Governments requiring divestiture away from fossil fuels if followed by lots of investment in various technologies. This will identify the most promising followed by the largest institutional investments.
The future will certainly bring challenges and technology will attempt to offer solutions.
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:
A Clean Energy Revolution Is Rising in the Midwest
Major utilities envision reducing carbon emissions and using clean energy to facilitate those plans. The Midwest has stepped up to the plate promoting the shift to renewable energy. Low costs of wind power and growing use of solar are propelling Midwest utility executives to take charge in the climate change battle. Xcel, Consumers, and NIPSCO have proposed several plans to embrace renewable resources. Howard Learner, President and Executive Director of the Environmental Law & Policy Center says “utilities are beginning to make decisions based on the market of the future rather than that of the past” and “It’s a matter of environmental value and economic justification.”
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://insideclimatenews.org/news/02012019/renewable-energy-tipping-point-midwest-2018-year-review-utilities-wind-solar-xcel-100-percent
Experts: Clock is ticking to cut back greenhouse gas emissions
According to reports, we only have a short time to cut back on greenhouse gases to limit climate change. By the end of this century, temperatures are expected to rise so high that consequences would be severe. Many solutions are available such as using renewable energy, limiting carbon pollution, investing in efficient energy technologies, and more. Sustainability needs to be widespread to have a positive impact on climate related issues.
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/2018/02/13/midwest/experts-clock-is-ticking-to-cut-back-greenhouse-gas-emissions/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,726 Bcf as of Friday, November 17, 2017, according to EIA estimates.
This represents a net decrease of 46 Bcf from the previous week. Stocks were 319 Bcf less than last year at this time and 121 Bcf below the five-year average of 3,847 Bcf. At 3,726 Bcf, total working gas is within the five-year historical range.
How the House Tax Bill Would Impact Wind, Solar, Electric Vehicles and Utilities
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:
- Curtail wind construction
- Stop long term investment in solar development
- 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: