Public Power: An Industry in Flux
The power industry has been adjusting to the abundance of natural gas (from fracking) and its impact on the power industry cannot be understated. Nearly every major new stationary power plant built in the last 8 years has been powered by natural gas. And, during this same period we have had wind and solar power competing and winning. Wind and solar allow an investment to be made and for 20 years generate electricity with little maintenance and no emissions.
The combination of inexpensive natural gas and greater efficiency of solar and wind is changing power companies.
Consider Nebraska: the only state that gets 100% of its power from publicly owned power companies (the state residents own the power plants).
They closed one of their nuclear power plants citing that it is not competitive with low gas prices and regulatory costs. The replacement power is expected to be …1,200MW of wind!
That is extraordinary given that Nebraska is next door to one of the least expensive coal production in the US in Wyoming.
However, the wind resource in Nebraska combined with the wind technology will continue to offer alternatives to coal, nuclear and gas.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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.
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