PJM, the largest electric grid operator in the nation,conducts an auction annually to ensure that its 13-state region has sufficient electricgenerating capacity − roughly speaking, enough power plants − to meet its future electricitydemand. The purpose of the recent auction was to procure generating capacity for 2025/26.The most striking thing about the auction was the …
News Tag: Fossil Fuels
PJM power auction results yield sharply higher prices
An annual power market auction by the largest U.S. electrical grid operator resulted in prices more than 800% higher than last year as supply dwindled and demand increased, the operator said on Tuesday. …
Reliance on fossil fuels remains virtually unchanged despite trillions for ‘clean energy’
At COP28, the recent United Nations climate change conference in the United Arab Emirates, bureaucrats, politicians and activists from nearly 200 countries gathered to push for a “transition away from fossil fuels” and continue and indeed expedite efforts to achieve a global net-zero “carbon footprint” by 2050. However, despite significant spending on clean energy, the …
The green energy ‘transition’ is simply not happening. Nor will it happen soon, or cheaply
Few energy analysts enjoy the level of global respect accorded to Vaclav Smil, a distinguished professor emeritus at the University of Manitoba and a best-selling author of 47 books. In his latest publication, a 48-page report titled “Halfway Between Kyoto and 2050: Net Zero Carbon Is a Highly Unlikely Outcome” Smil details efforts to date …
Breathe a Little Easier: Why America’s Air is Among the Cleanest in the World
Breathe a Little Easier is part of our ongoing effort to explain the role that energy has played in improving human living standards over the past two centuries. This project examines trends in air quality in the U.S. in order to push back at the doom-and-gloom narratives that dominate so much of our thinking about energy …
EV Ownership Ticks Up, but Fewer Nonowners Want to Buy One
Seven percent of Americans, up from 4% a year ago, report that they own an electric vehicle. That increase is matched by an equal decline in the percentage saying they are seriously considering buying one, from 12% to 9%. Meanwhile, fewer Americans – 35%, down from 43% in 2023 – say they might consider buying …
Are more blackouts rolling our way? Coal and gas are needed to shore up our electricity supply: Robert W. Chase
If ever there was a question about how risky growing dependence on Green energy for electricity production is, it was dispelled with results of a newly completed analysis of government energy data showing that some of the areas with the nation’s best sources of wind and solar power have been placed off limits due to …
Keep America’s economy humming with baseload power
There is a common sentiment among the chattering class that energy made from solar panels and windmills is good and energy generated by fossil fuels is bad. The Biden administration‘s Environmental Protection Agency is “playing nature,” using its regulatory power to force the shutdown of coal and natural gas plants and replace them with renewables. …
Democrats pushed climate action. Then utility bills skyrocketed.
There is intensifying political pressure on state lawmakers to do something about utility bills that have shot up by as much as 127 percent over the last decade. Climate spending — from wildfire prevention to building out transmission capacity and paying for renewables — is partly to blame. …
Britain’s Disastrous Path to Net Zero Is a Warning to the U.S.
At last year’s U.N. climate conference in Dubai, the Biden administration agreed to triple the world’s renewable-energy capacity by 2030. It also joined the Powering Past Coal Alliance, pledging to eliminate coal-powered generation. This is all part of President Biden’s goal to completely decarbonize the U.S. electrical grid by 2035 and achieve net-zero greenhouse gas …