Utility To Lower Default Service Rates Due To Federal Tax Cuts
So, the tax cut you heard about is lowering electric rates.
Baltimore Gas and Electric filed to lower its electric rate by 15%. This is due to their corporate tax rate decreasing from 35% to 21%. No word on if salaries are increasing for their employees. This will undoubtedly be a trend for utilities.
Remember, a utility is a monopoly and they can only earn their guaranteed rate of return; any surplus has to be refunded to customers.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180116b.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,767 Bcf as of Friday, January 5, 2018, according to EIA estimates.
This represents a net decrease of 359 Bcf from the previous week. Stocks were 415 Bcf less than last year at this time and 382 Bcf below the five-year average of 3,149 Bcf. At 2,767 Bcf, total working gas is within the five-year historical range.
Recent cold snap shatters Polar Vortex records for natural gas demand — could send bills surging
Citizen’s Energy Group reported a record use of natural gas. Due to the recent polar vortex (when temperatures drop to well below 0) from Dec 26 through Jan 6 (10 days) over 5.6 million dekatherms were used; MORE THAN a 25 day supply during normal winter weather!
With the extreme cold you had price increases of about 3 times more than normal. Bills will be higher for January. However, more moderate winter weather is forecast so the increase will be temporary.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.indystar.com/story/news/2018/01/09/recent-cold-snap-shatters-polar-vortex-records-natural-gas-demand-could-send-bills-surging/1013669001/
Electricity from Coal generation continues to decline in the US
The Federal Energy Agency (FERC) looks ahead annually and forecasts the energy supply for all the generation sources in the US. In the most recent forecast, the energy source being reduced the most remains coal. Natural gas, wind and solar will contribute the most new generation in the coming years. This is the trend that has been in place for 10+ years. Last year was the first time that coal contributed less than ½ of all US electricity.
Coal generation continues to decline as does coal jobs while solar and wind jobs more than made up for the net loss of jobs. However, the wind and solar jobs are generally not located in areas where the coal jobs are lost (with the exception of Illinois, and Indiana).
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.utilitydive.com/news/ferc-20-gw-of-coal-capacity-headed-for-retirement-by-2020/514277/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,126 Bcf as of Friday, December 29, 2017, according to EIA estimates.
This represents a net decrease of 206 Bcf from the previous week. Stocks were 192 Bcf less than last year at this time and 192 Bcf below the five-year average of 3,318 Bcf. At 3,126 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,444 Bcf as of Friday, December 15, 2017, according to EIA estimates.
This represents a net decrease of 182 Bcf from the previous week. Stocks were 183 Bcf less than last year at this time and 84 Bcf below the five-year average of 3,528 Bcf. At 3,444 Bcf, total working gas is within the five-year historical range.
NIPSCO receives multi-million dollar bailout for aging coal plants
What is the point of regulatory oversight if it fails to protect rate payers from unsustainable and higher cost decisions? NIPSCO the monopoly utility owns and operates aging coal facilities which are the costliest power plants to run in the entire area. NIPSCO admits that shutting them down WOULD SAVE money and cause less pollution.
HOWEVER, the Indiana regulators have approved their continued operation. If NIPSCO was a competitive business, these plants would be shut down. Indiana’s electric pricing is some of the highest in the area and this regulatory process explains why. The businesses and residents of Indiana deserve better oversight by their regulators.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,626 Bcf as of Friday, December 8, 2017, according to EIA estimates.
This represents a net decrease of 69 Bcf from the previous week. Stocks were 201 Bcf less than last year at this time and 27 Bcf below the five-year average of 3,653 Bcf. At 3,626 Bcf, total working gas is within the five-year historical range.
One year later, Illinois energy jobs law bearing fruit
What creates electricity and jobs? Solar Energy!
A new community solar plant will be generating enough energy to power 400 homes in Tazewell County. Building and maintaining the solar plant required about 30 jobs. The solar plant and the jobs were the result of Illinois’ Future Energy Jobs Act. Any community in the state can do the same due to the legislation which Sen. Dave Koehler, D-Peoria helped pass.
Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.
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.pjstar.com/news/20171206/one-year-later-illinois-energy-jobs-law-bearing-fruit
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,695 Bcf as of Friday, December 1, 2017, according to EIA estimates.
This represents a net increase of 2 Bcf from the previous week. Stocks were 264 Bcf less than last year at this time and 36 Bcf below the five-year average of 3,731 Bcf. At 3,695 Bcf, total working gas is within the five-year historical range.
