Chat with us, powered by LiveChat Utilities – Realgy Energy Services

$8.3 Billion Proposal for Addressing Texas Blackouts

Berkshire Hathaway is a public company that owns several utilities. Their proposal illustrates the difference between a company taking risks versus a utility.

Berkshire is proposing the Texas Grid operator (utility oversight company) build a gas-fired power plant that would be weather normalized and fixed to support a large portion of Texas’ energy demands. Berkshire is proposing to spend $8.3 billion to build this plant.

The cost: Berkshire would earn what a Texas utility earns on investments which is 9.3%.

So, Berkshire like any utility in Texas that receives regulatory approval, earns a return regardless of whether what they build works.

Berkshire as a public company takes risks building and operating businesses such as Dairy Queen, Burlington Northern Railroad, or Sherwin-Williams. Any investment in these businesses comes with no guaranteed return.

EVERY utility makes money by spending money to provide service. The Texas Grid operator will undoubtedly not accept this proposal but, it does show the difference between private businesses and utilities.

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.msn.com/en-us/money/markets/buffett-s-berkshire-floats-8-3-billion-fix-for-texas-grid/ar-BB1eXRHl?ocid=spartan-ntp-feeds

Read More

How Extreme Cold Turned Into a U.S. Energy Crisis

Over the past several days, extraordinary cold weather in the US from a polar vortex caused record temperatures across the country. Electricity and heating fuel costs skyrocketed while energy demand hit record levels. Millions of customers dealt with blackouts for the first time in a decade. Gas lines seized, wind turbines froze, and oil wells shut in. Across the grid in Texas, all energy sources had problems with some reasons still unknown. Texas’s emergency state will allow for more resources to become available and ensure residences, medical facilities, and related consumers are the priority to receive fuel first. The energy market in Texas is one of the most competitive in the US and power providers have to be prepared for extreme events such as this one. If not, they are set up for failure. Texas and Washington policy makers may need to review their system and make some changes to ensure a similar crisis is prevented or handled better.

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.bloomberg.com/news/articles/2021-02-15/how-extreme-cold-turned-into-a-u-s-energy-crisis-quicktake

Read More

DOE EIA Weekly Gas Storage Report

Working gas in storage was 2,689 Bcf as of Friday, January 29, 2021, according to EIA estimates.

This represents a net decrease of 192 Bcf from the previous week. Stocks were 41 Bcf higher than last year at this time and 198 Bcf above the five-year average of 2,491 Bcf. At 2,689 Bcf, total working gas is within the five-year historical range.

Read More

Peoples Gas is spending billions to replace miles of aging pipe below Chicago by 2040. But will natural gas be obsolete before it’s complete?

In 2011, Peoples Gas began to replace 2,000 miles of pipelines below Chicago. Originally estimated to take 20 years and cost $2.6 billion, it is now projected to continue until 2040 and cost $7.7 billion. Interruptions have occurred due to “budget overruns, delays and charges of mismanagement”.

Many believe the project should be reviewed. By the time of completion, both gas and electric are anticipated to be very different from the systems we have now. Replacements are necessary to lower leaks and halt possible explosions as some pipes date back to the 1800s. However, costs have been passed along to customers. While Peoples has tried to keep those amounts down and minimize disruption in each neighborhood, consumers worry about paying their bills.

The Citizens Utility Board believes the focus should be on more environmentally friendly and cost-efficient alternatives such as electric-powered heat pumps. They want Peoples and the ICC to target and repair problem areas while pursuing their 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://www.chicagotribune.com/business/ct-biz-peoples-gas-pipeline-replacement-renewable-energy-20201222-i6er5w2abjeazg34ywajhfvg7q-story.html

Read More

Fight Robo-Scams

The Citizens Utility Board (CUB) advocates for Illinois’ citizens.  They fight utility rate hikes, promote environmentally friendly programs, and keep their consumers informed. Last month, Illinois Attorney General Kwame Raoul released a statement denouncing a robocall that told residents if they vote by mail, their information will be shared with various organizations.

CUB created a guide full of information on how to reduce calls from scammers and what not to do when you receive these calls. This is updated to warn you of the most recent scams people have encountered. For example: voting misinformation, government imposters, electric rip offs, bogus COVID-19 tests, and more. You can order a free copy or a printer- friendly version here which offers tips on avoiding scams that would rob you financially and/or of your rights.

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.citizensutilityboard.org/ 

Read More

How Duke’s Unique Energy Landscape Dictates Its Path to Net Zero

Based in North Carolina, Duke Energy’s customer usage is double in comparison to other areas around the country since most rely highly on electric appliances for both cooling and heating. Duke must be able to compensate enough energy for peaks of high loads throughout both winter and summer.

Some unique circumstances must be overcome if they continue planning to reach 50% carbon reduction by 2030. Options are limited, costly, and will require years of planning and building. Solar generation is weak due to low output during winter when there have been weeks on end of only 20% yield. Wind farms aren’t as reliable in the Southeast unless locations are offshore. However, Duke’s major load centers are inland. They would need to invest in transmission lines plus battery installations. Plans are already in motion to upgrade their pumped hydro storage as they are the most reliable long-duration storage system. This will ensure long term needs are met and will help Duke’s journey to reducing carbon.

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.greentechmedia.com/articles/read/how-duke-energys-southeastern-service-territory-dictates-its-path-to-zero-carbon

Read More

Illinois is protecting Utility customers from disruption during pandemic

The Illinois Commerce Commission has passed a COVID-19 protection response for Illinois Utility customers.

The relief is intended to protect consumers from loss of utilities during the pandemic.

Relief is available in the following areas:

  1. Disconnection
  2. Waiving Deposits
  3. Payment Plan
  4. Bill pay assistance

The assistance has the following limits:

Please contact your Utility to apply. Documentation will be required.

To find your utility’s contact, look at your bill or you can find it here: https://realgyenergyservices.com/customer-services/web-links/#1551681878726-b1861abf-f0df

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.citizensutilityboard.org/wp-content/uploads/2020/06/20200618_COVIDconsumerprotections.pdf

 

Read More