Massachusetts Manufacturing Energy Collaboration
According to speakers at this week’s Energy Transition Leaders Summit in Aspen, Colorado, the consumption of electricity is likely to double in the coming years. Piper Sandler, the summit’s host, said that many leaders think the electricity consumption could double in 20 years and stagnate for another decade afterward. Sandler also noted that this meeting….
Back in 2015, the Obama Administration created the Clean Power Plan (CPP), which had the support of Protect our Winters (POW). Under the guidance of the Environmental Protection Agency (EPA), the CPP required states to reduce the CO2 pollution from coal and transition into cleaner energy production in the U.S. When the Trump Administration took….
Natural gas prices are on the trajectory to drop down to their lowest price in twelve weeks. Prices currently are down 12% at 5.693/mmBtu. This is because of the explosion that happened at the Freeport LNG facility in Texas on June 8th. This explosion has hindered production ever since then, and many fear that this….
On June Tuesday 21st, 2022, National Grid announced its new service rates for August, September, and October. These new rates, which are roughly double the current rate, are slotted in at 23 cents per kWh for August, 21 cents per kWh for September, and 20 cents per kWh for October.
Natural gas prices have dropped 17% to $7.251/mmBtu after Freeport LNG announced that they will not be back to being fully operational until the end of 2022. Freeport LNG is the second-largest in the nation in exports of LNG. Freeport LNG made this announcement in an email following last week’s explosion and fire to their….
Throughout the first four months of 2022, the United States has exported 74% of its liquefied natural gas supply to Europe. Last year, the annual average the U.S. exported to Europe was 34%. In 2020 and 2021, Asia has been the primary destination for LNG exported from the U.S. Since December 2021, Europe has been….
The U.S natural gas markets have been constrained by increases in LNG exports, reduced gas production and storage, and returns to pre-covid levels of demand. Natural Gas prices have risen from the $3 level to $5, and in the New England area natural gas prices are big determinants of electricity prices. Given this recent constraint….
As the climate crisis accelerates, utilities in the U.S are looking to acquire miniature nuclear reactors called SMRs (Small Modular Reactors) to secure a reliable energy source and lower emissions associated to climate change. Over the past decade companies have stopped building nuclear due to rising costs of maintenance and delays. Some utilities interested in….
Today the Henry Hub Natural gas futures increased around 1.7% to $3.94/mbtu due to increased demand in regional and global gas markets, also led by higher temperatures in Western, Midwestern, and Southern U.S. Expected temperatures from the 90 – 100F this coming week are expected to result in a strong demand for natural gas. Additional….
The most recent forecasts for the 2021 Winter Season point to above average amounts of late-season snowfalls and below average temperatures. As natural gas prices climb to their highest since 2018, it will be very important to see how these conditions turn out. Given existing constraints in the natural gas market at this time a….