The auction produced a price of $269.92/MW-day for much of the PJM footprint, compared to $28.92/MW-day for the 2024/2025 auction, which is almost nine times the price of the year before. Capacity auction prices fluctuate annually based on the need for investment in generation resources. This year’s auction procured 135,684 MW for the period of….

For decades, nuclear power has been the largest source of clean energy in the United States, accounting for 19% of total energy produced last year. The industry directly employs nearly 60,000 workers in good paying jobs, maintains these jobs for decades, and supports hundreds of thousands of other workers. In the midst of transformational changes….

On May 31, Constellation Energy retired the natural gas-fired Mystic Generating Station it owned and operated. Mystic was one of the oldest U.S. electric power plants, located in Charlestown, Massachusetts, on the north side of Boston. Constellation also owns and operates the adjacent Everett liquefied natural gas (LNG) terminal, which supplied 100% of Mystic’s natural….

The U.S. Energy Information Administration lowered its 2024 estimates for benchmark crude prices by around 4%, citing recent price declines, while raising its estimates for U.S. natural gas prices. In its monthly Short Term Energy Outlook, the ElA said Tuesday it expects spot Brent to average $84.15 a barrel in 2024, down from its previous….

You don’t know what you’ve got until it’s gone, and the total eclipse is a stark reminder of that adage when it comes to the key role solar energy currently plays in the US. More than 31 million people — nearly 10 percent of the population in the US — live in an area that will experience….

House Energy and Commerce Republicans traveled to Texas on Monday to make the local argument for the immediate cancellation of Biden administration’s pause on new gas export terminals. The Energy, Climate and Grid Security Subcommittee field hearing in Port Arthur came as House Speaker Mike Johnson (R-La.) prepares to release a Ukraine aid package that….

New England’s annual capacity auction closed with sufficient power system resources to meet forecast peak demand in 2027/2028. Nearly all of the new resources securing capacity supply obligations were energy storage, solar, wind, or demand-reducing resources. ISO New England Inc. runs the auction each year to procure the resources needed to meet consumer demand for….

Pro-nuclear advocates welcomed a historic announcement last week when Amazon Web Services (AWS), the world’s largest operator of data centers, made a decisive move that all but validated the inevitable: “One of the US’s largest nuclear power plants will directly power cloud service provider Amazon Web Services’ new data center. Power provider Talen Energy sold….

Natural gas futures jumped sharply Wednesday, bouncing after ending the previous session at the lowest in more than 3½ years after Chesapeake Energy, a major shale producer, cut its production outlook. Meanwhile, crude oil futures ticked slightly higher in rangebound trading as investors monitored developments in the Middle East and weighed the outlook for global….