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PJM Electricity Auction Price 9 Times Higher Than Previous Auction-- $269.92/MW-Day For 2025/26 Delivery Compared To $28.92/MW-Day In 2024-25; Extreme Weather Risk Big Factor

PA Environment Daily

On July 30, the PJM Interconnection reported its latest electricity auction produced a wholesale price of $269.92/MW-day MW-day for much of the PJM footprint for delivery in 2025-26-- 933% more than the $28.92/MW-day MW-day cost for delivery in the 2024/2025 auction. reserve margin for the 2024/2025 Delivery Year.

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Renewables to become first global electricity source by 2025

Edouard Stenger

According to the International Energy Agency (IEA) , renewable energy sources are to become the first electricity source by 2025, surpassing dirty coal. Solar and wind are also due to cover most if not all of global electricity demand growth in the meantime. Good news everyone !

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UK Government Announces New Import Carbon Pricing Mechanism

Clean Energy Law

Green , and James Bee On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM). The government intends the UK CBAM to work alongside the UK ETS to mitigate the risk of carbon leakage. Davies , Michael D.

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Natural Resources Defense Council: The Cost Of Slow-Walking Clean Energy Can Be Seen In Latest PJM Electricity Prices

PA Environment Daily

On July 30, the PJM Interconnection announced the results of its 2025/26 capacity auction, which revealed that costs will be roughly seven times greater than in 2024/25. billion, which could increase retail power bills by as much as 29% starting mid-2025. MW-Day For 2025/26 Delivery Compared To $28.92/MW-Day Read more here.]

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The Ontario government boasts about a “clean energy advantage” while dismantling it

Enviromental Defense

The Halton Hills Generating Station in Halton Hills, Ontario (Photo by Ian Willms) The “Clean Energy Advantage” In the budget, the government boasts about Ontario’s “clean energy advantage” even though it is actively whittling away at it. The current government acts like it’s somehow responsible for this feat.

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Seven Years after Hurricane María, in Puerto Rico You Can’t Even Count on Keeping the Lights On   

Union of Concerned Scientists

The next day, Wednesday, August 14, Puerto Rico woke up with 728,000 clients (almost half) without electricity, thousands without drinking water (because many communities rely on electricity to pump water), and flood warnings throughout the island. What awaits Puerto Rico with Genera in charge of electricity generation?

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Governing Emissions Trading in California and China

Legal Planet

As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. . The post Governing Emissions Trading in California and China appeared first on Legal Planet. Focusing on data accuracy and MRV.