Don’t miss a beat. Here are today’s stories you should read:
Biden Climate Goals to Take Backseat in Biggest U.S. Power Grid. Bloomberg Green
The PJM capacity auction results are prompting headlines countering the growth in renewables trend. As you read the headlines, make sure you counter the argument that baseload generation from fossil fuel is a necessary evil. The reality, as Canary Media pointed out this week, is that we are “transitioning to a power market that will value all parts of energy generation, transmission and regulation at a much more granular level which provides real value to energy storage” and DER assets. The monopoly utilities, meanwhile, continue to leverage their political influence to protect aging assets and the capacity pricing model that benefits their shareholders at the cost of their ratepayers.
See what we mean…
Flexing their political clout with Virginia’s election season upon us, Dominion Energy-funded political groups are launching aggressive attacks against efforts to increase competition in the state’s electricity market. Read more in the Virginia Mercury.
Customers in North Carolina may be forced to pay more out of pocket for electricity with Duke Energy seeking a rate hike to build out electric vehicle charging stations. The latest proposal could place as much as $56 million in new costs on ratepayers while preventing competitors from offering better alternatives. WFAE
In Florida, Duke Energy intervened on a plan that would have split their monopoly into three regionally-focused utility entities. Duke won the support of the Marion County Board of County Commissioners, who unanimously supported the anti-competition practices and advocated that Governor Ron DeSantis oppose the break up of Duke. WCJB
Consumers in Northern Kentucky are the latest victims of massive utility company Duke Energy who are proposing increased rates for the clean energy transition. Since Duke isn’t in competition with others and innovation can’t yield affordable rates, consumers could bear the cost. Cincinnati Enquirer
More top stories
Susan Perry: Despite false narrative, renewables are reliable (Opinion) Charleston Gazette
Texas Lawmakers failed to pass bill addressing state’s electic grid. Texas Monthly
Ford flexes clean backup power and an electric vehicle in the new electric F150 . Canary Media
Veteran of Hudson Valley food scene will bake bread using solar power and scrap wood only. Times Union
Software can reimagine breakthrough battery tech to power the electric future. PV Magazine